Northern Beaches
As we close out the year, it’s a great time to reflect on how the property market has performed across the Northern Beaches, and what the latest economic signals mean as we head into the new year. From interest rates holding steady to strong local sales results in Mona Vale and surrounding suburbs, the market has shown resilience despite ongoing affordability pressures.
Below is our end-of-year snapshot combining the latest national trends with a local Northern Beaches and Mona Vale market update.
The Reserve Bank of Australia has held the cash rate at 3.60% at its final meeting of the year. While this outcome was widely anticipated, it plays an important role in shaping buyer confidence and borrowing capacity.
Despite interest rates remaining well above the long-term pre-COVID average, housing values have continued to rise in response to the 75 basis points of rate cuts delivered earlier this year, alongside persistently low housing supply.
Nationally, buyer demand is still outweighing available stock. Home values have increased 7.2% since February, signalling that many buyers have adjusted to the higher-rate environment and are re-entering the market.
Looking ahead, most economists expect interest rates to remain on hold for an extended period. This period of stability is likely to support steady market conditions rather than sharp price movements, particularly as affordability constraints continue to influence buyer behaviour.
On the Northern Beaches, limited housing supply remains the dominant factor underpinning prices. Well-located homes, quality apartments and properties positioned in lower-to-mid price brackets continue to attract strong competition.
As affordability pressures increase, demand is being pushed toward more accessible price points, which is helping support values in entry and mid-level segments of the market. Premium and upper-quartile homes are still selling, but buyers are more selective and price-sensitive than in previous years.
Overall, the local market has remained active, balanced and resilient, a trend we expect to continue into early next year.
Number of Sales: 145
Average Sale Price: $2.25M
Total Sales Volume: $317.9M
Average Days on Market: 28.5
Properties Leased: 52
Core Area Ranking: #1
These results reflect consistent demand across the Northern Beaches and a competitive environment.
Houses
Sales: 108
Average Sale Price: $2.755M
Average Days on Market: 80
Units
Sales: 86
Average Sale Price: $1.425M
Average Days on Market: 44
Houses
Properties Leased: 133
Average Days on Market: 19
Average Rental Yield: 2.7%
Units
Properties Leased: 188
Average Days on Market: 14
Average Rental Yield: 3.3%
Rental conditions remain tight, with fast leasing times and steady yields reflecting ongoing demand from tenants seeking lifestyle-focused locations close to beaches, schools and transport.
As we transition into the new year, momentum across the Northern Beaches property market remains encouraging. Stable interest rates, lower housing supply and continued lifestyle-driven demand are likely to support values, particularly in well-connected coastal suburbs like Mona Vale, Warriewood, Dee Why, Manly and surrounds.
For homeowners, the new year is an ideal time to understand where your property sits in the current market. Knowing your home’s value can help with future planning, whether you’re considering selling, refinancing, investing or simply staying informed.
If you’d like an updated, no-obligation price guide for your property, feel free to get in touch.
Wishing you a fantastic end to the year and a successful year ahead. You can reach us on 02 9999 0800.