Local to Sydney’s Upper North Shore, Elly Razaavi has extensive experience in real estate sales and personal experience buying, building, renovating and selling property in the area.

Elly notes – “buyers I’m speaking to at open homes are expressing frustration about the supply of homes in the Upper North Shore. Many are also tired of missing out at auction or while in the midst of doing their due-diligence.”

The Upper North Shore continues to perform steadily for the most part, and it shows when looking at Realestate.com.au’s growth data over the past 12 months across key areas:

St Ive’s 1.0%
Killara 3.2%
Turramurra -3.1%
Pymble 0%
Lindfield 0.2%
Gordon -4.6%

“Affordability remains a consideration however we know recent interest rate reductions have boosted buyer confidence. With low levels of new listings, well-located family homes and properties with renovation or rebuild potential are receiving swift attention.

I expect prices to track higher if and when the RBA cuts rates again this year, many expecting one this month. This means buyers will have more borrowing capacity, easing affordability constraints. Now is an excellent time to strike before a stronger shift occurs.

Suburbs such as Wahroonga, Turramurra, St Ives, Lindfield, Pymble and Killara remain highly sought after by families seeking space, greenery and proximity to quality schools. I am also seeing growing interest from overseas buyers and expats.

Buyers I have been working with lately are focusing on long-term value, looking for properties that offer flexibility such as the opportunity to extend or renovate, especially in established streets with larger blocks. Having personal experience and contacts in this domain, so I can confidently advise what the best strategy is for my clients if they’re open to doing work.”