Media release
Under strict embargo
Saturday 5 October, 5.00am
FRESHWATER IS THE HOTTEST SPOT FOR SELLERS IN NEW SOUTH WALES
Freshwater is the top suburb for people selling property in New South Wales according to data released
by realestate.com.au today1.
realestate.com.au’s top sellers’ market data reveals that the following ten New South Wales suburbs
have the most people looking on average at each listing:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Freshwater
Stanmore
Thornleigh
Cherrybrook
Pennant Hills
Wollstonecraft
Crows Nest
Winston Hills
Frenchs Forest
West Ryde
The October top sellers’ data reveals that Freshwater has maintained its popularity and position in the
top five for the last six months, moving into the hotly contested top position for the first time this
quarter. Demand for property in Stanmore has increased significantly over the last three months moving
suburb from ninth position for second.
There are six suburbs - Thornleigh, Cherrybrook, Crows Nest, Winston Hills, Frenchs Forest and West
Ryde - that are newcomers to the list this quarter.
James Smyth from Smyth Estate Agents has been based in the Freshwater area for 15 years and says
that while the area has always been popular, he has seen demand lift even more in the last six months.
“The area caters to a wide range of buyers. There are properties for those looking to downsize, new
developments and renovation opportunities. With no main roads running through the suburb, the area
has a unique village atmosphere which is very popular with buyers.”
Mr Smyth said that investor interest in Freshwater has stepped up a notch in the last few months, with
property selling quickly and time on market down considerably.
“There is an insatiable appetite for property in Freshwater, demand is increasing but the number of
properties on the market isn’t. More frequently we are selling homes before they go to market,” Mr
Smyth said.
Freshwater resident and Mortgage broker Denis Mulcahy and his wife Sharna monitoring the property
market in Freshwater for the last couple of years and are hoping to purchase a property in the highly
competitive area soon.
1
realestate.com.au internal statistics, June 2013 – August 2013
“We have been in our current home for ten years and actively monitoring the market for the last few
months. We love the Freshwater community and think it is a fantastic area to raise a family,” Mr
Mulcahy said.
“We are looking to upsize our current three-bedroom property to an established four-bedroom family
home. There is high demand for property in Freshwater and there seems to be a shortage of these
properties on the market. The houses that are listed appear to be snapped up quite quickly,” he
explains.
The top ten NSW suburbs at the same time last year were2:
1. North Rocks
2. Kirrawee
3. Gymea Bay
4. Freshwater
5. Frenches Forest
6. Crows Nest
7. Jannali
8. Winston Hills
9. Pennant Hills
10. Annandale
-endsFor more information, contact:
Alycia Simons
Public Relations Assistant
REA Group
+61 3 8456 4378
+61 3 437 024 451
[email protected]
Methodology:
realestate.com.au reaches its findings by taking the average number of listings in each suburb over the
course of three months. It compares the number of clicks on property listings against the number of
available properties in that suburb to arrive at a supply vs. demand ratio. Suburbs are then ranked as
top seller suburbs by the extent to which demand outstrips supply.
About realestate.com.au: realestate.com.au is the leading website in Australia for residential property,
attracting an average unique audience of 3 million people a month. realestate.com.au, Australia's No.1
property site, is owned and operated by ASX listed REA Group Ltd ABN 54 068 349 066. Source: Nielsen
Online Ratings, Domestic Audience, 3 month average for March – May 2013.
2
realestate.com.au internal statistics, August 2012