This month, the property market in Roseville has been very busy, with several properties worth millions of Australian dollars successfully sold. These residential homes are located outside the low-density areas planned by the New South Wales government, providing spacious living environments for the northern suburbs.
On Glen Rd, a five-bedroom residence was sold for over AUD 8 million in just 11 days, setting a new record for the highest sale in the area this year and becoming the second-highest sale price in the history of Roseville west of the train line. Following closely, a newly built luxury home on Carnarvon Rd was sold for AUD 6.65 million, attracting over 200 groups for inspections, setting a new price benchmark for residences east of Archbold Rd.
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In March, four properties in Roseville were sold for over AUD 5 million, with another four properties listed for over AUD 6 million. According to data from PropTrack, the median house price in the area has reached AUD 3.51 million.
Real estate agents have stated that demand is exceptionally high for family homes located outside the 500-meter range of train stations, especially those situated beyond the government-planned low-density areas. Jill Henry from Stone Real Estate mentioned that homeowners within 500 meters of North Shore train stations are waiting for clear guidance from the government and developers, but buyers are willing to pay a premium for properties outside this range. She said, "The high-end property market in Roseville is exceptionally active, indicating strong buyer demand at this price point."
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Jill originally planned to auction the five-bedroom property on Glen Rd in early April but quickly found a buyer for this home equipped with a tennis court and swimming pool. She currently has two more properties listed for over AUD 6 million each on Alison St and Gerald Ave, and she remains optimistic about the sales prospects for these properties.
Nahid Coventry from Di Jones Real Estate pointed out that buyers have a broader perspective than before; they still desire proximity to Chatswood and North Shore schools but wish to stay away from upcoming high-density development projects around train stations. She said, "They are seeking a tranquil residential environment rather than reluctantly accepting a high-density lifestyle."
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According to PropTrack data, the median house price in Roseville has risen to AUD 3.66 million over the past year, increasing by 1.7%. This series of transaction records and the upward trend in prices indicate the attractiveness of the Roseville area as an ideal home and buyers' pursuit of a peaceful and comfortable living environment. The property market in Roseville remains active, and the future outlook is still promising.