Longueville listed in top 10 best performers for house sale prices in 2020
Super suburb – 10 Cowper St, Longueville.
Longueville has joined the ranks of Sydney’s most elite suburbs alongside super prestige areas like Darling Point, Bellevue Hill, Vaucluse and Mosman, a national property report has revealed.
The suburb was named as the 10th best performing suburb in the greater Sydney area when it came to house prices, with 18 sales and a median value of $3,584,558 in 2020 (to November).
Darling Point, in Sydney’s east, took the crown with 10 sales and a median value of $7,063,773, according to the Best of the Best Report from CoreLogic.
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Bellevue Hill was second with 75 house sales and a median value of $5,722,032; and Vaucluse third with 96 sales and a median of $5,388,372.
Mosman came in sixth with 220 house sales and a median value of $4,162,405.
Three other lower north shore suburbs made it to the top 10 list for best performing suburbs in the unit market. These included Milsons Point, which came in fourth (39 sales and a median value of $1,657,168); Kirribilli (fifth with 58 sales and a median value of $1,512,683); and Cremorne Point (ninth with 38 sales and a median value of $1,391,837).
Point Piper was the top of this list with 21 sales and a median value of $2,281,435.
No. 28 Lucretia Ave, Longueville, holds the suburb’s sales record, selling in 2018 for $11.88 million.
No. 28 Lucretia Ave, Longueville.
Both the upper and lower north shore’s strong showing in the house market was reflected across the state.
Preliminary sales figures showed close to $95 billion worth of property changed hands in NSW in the year to November. Eliza Owen, CoreLogic’s Head of Research Australia, said the results highlighted the resilience of luxury markets.
“This is not to say these suburbs have been unaffected by the pandemic; indeed the high end of the Sydney market is generally more volatile to changes in economic conditions,” she said.
“However, this volatility also tends to see a rapid recovery in the wake of lower mortgage rates and an improvement in consumer sentiment.”
Longueville is a very tightly held and highly sought-after market given its proximity to the city and peaceful peninsula vibe. Many properties have harbour and city views. The suburb’s price record was set in 2018 with the sale of 28 Lucretia Ave, for $11.88 million.
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There were a number of big prices achieved in 2020 in Longueville, including 29 Arabella St, which sold in August through Brent Courtney, of McGrath Lane Cove; and 10 Cowper St, which sold in October for $5.401 million – well over its $5 million guide – through Simon Harrison, of Belle Property Lane Cove.
No. 10 Cowper St, Longueville.
No. 29 Arabella St, Longueville.
No. 85 Arabella St sold in January last year for $6 million in an off-market deal.
Mr Harrison said Longueville had traditionally been something of a local secret, but was now on the radar of buyers from all over Sydney, particularly upsizers from the surrounding suburbs.
“It’s such a beautiful peninsula – there’s no through traffic and it has really great access to the (Sydney) CBD, North Sydney and Chatswood,” he said.
If you’re looking to buy into Longueville however, there might be a wait – realestate.com.au has only one listing for the suburb. Mr Harrison has two new listings coming up in the next couple of months.