Postcode: 2224, NSW - Sale Price Report
Posted on November 15, 2023 • 5 minutes • 935 words
Property analysis sections
Welcome
Welcome to the Property Panther 2224 postcode sale price report! We value your feedback. Please take a moment to complete our survey and help us improve our property analysis.
Who is this useful for?
Home Buyers:
Understand property affordability in your preferred suburb. Get a detailed breakdown of property types and prices, market dynamics including time on market and transaction volume.
Investors:
Use our report to determine the right time to invest. Gain a comprehensive view of property demand, transaction volume, and current market situation to guide your strategies.
Sellers:
Get insights on potential selling time based on market trends. Understand market pace from ‘Time On Market’ and ‘Transaction Volume’, and learn to price your property competitively from ‘Property Price’.
Location Overview
Welcome to the picturesque postcode 2224 in NSW, encompassing the suburbs of Kangaroo Point, Sylvania Waters, and Sylvania. With its abundance of waterfront properties, serene water views, and a vibrant community, this sought-after area offers a coastal lifestyle combined with a diverse housing stock to suit every buyer’s taste and preferences.
Last Month Property Summary
In the 2224 area of NSW, the market has shifted from being more favorable for sellers in July, with a median of 40 days on the market and a median sold price of $1,655,000, to being more favorable for buyers in August, with a lower median of 23 days on the market and a lower median sold price of $1,475,000.
Property Type Breakdown
In postcode 2224, houses dominate the property market, making up 70% of the sale listings, followed by townhouses at 12%, offering a range of options for homebuyers looking to settle in this area of NSW.
Property Demand - Time On Market
Looking at the number of days it takes to sell a property is a good indicator of the amount of demand in a market because it shows how quickly properties are being purchased, reflecting interest and competition among buyers.
Time On Market - Overall
This chart shows how many properties were sold in postcode 2224 during the month of September. Each bar in the chart represents a range of days that properties were up for sale before they were sold. Properties that were on the market for more than 200 days are not included.
The average monthly change in the Days on Market for properties in postcode 2224 during the period shown below was 0 days.
This chart shows the trend of Days on Market over time. Each point on the line represents the average number of days a property was on the market before being sold in a particular month.
Time On Market - By Property Type
Time On Market - By Suburb
Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
Property Price
Price - Overall
This chart shows the distribution of property sale prices in postcode 2224 during the month of September. Each bar in the chart represents a range of prices for properties sold.
The average monthly change in the median sold price of properties in postcode 2224 during the period shown below was $-18043. The trend shows a decrease in the median sold price over time.
Price - By Property Type
Price - By Suburb
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