Ongoing lockdowns are seeing Sydney buyers consider a shift to the Northern Illawarra.
The Announcement:
Lockdown-fatigued Sydneysiders are already targeting coastal getaways between the capital and Wollongong, according to research from an Illawarra-based property firm.
Research from Raine & Horne shows that since the start of restrictions in Greater Sydney on 26 June 2021, enquiries from Sydney buyers about properties in the Northern Illawarra area are 30% higher in August compared to the month before NSW capital snapped into lockdown.
Julie York, Principal, Raine & Horne Helensburgh, said, “This surge in demand from Sydney is not unexpected and is across all price points from entry-level homes at $1 million + to luxury clifftop properties with sweeping panoramic views of the Pacific.
“We just need more listings to feed the demand from Sydney buyers that the extended lockdowns have accelerated since June.“
One of the South Coast’s best kept secrets
A prestige property to recently hit the market for spring is the painstakingly renovated residence at 3 Southview Avenue, Stanwell Tops offering a luxurious lifestyle, with endless ocean views providing a spectacular backdrop.
“Arguably, one of the most impressive properties in the northern Illawarra, this remarkable home has a price guide of $3.75 million, which is sure to attract the attention of Sydney downsizers seeking a more relaxed lifestyle,” said Mrs York.
“Let’s face it, in many parts of Sydney’s northern and eastern suburbs, a price tag of $3.75 million won’t buy a classic Mediterranean style home with privacy and breath-taking ocean views.”
The home’s seller, Ivanka Grgic, added, “We love the property’s curved features of the wraparound balcony, as well as the glass floor-to-ceiling doors and windows, allowing impressive views to be seen throughout most of the home.
“The open-plan living room is our favourite spot to be, whether entertaining friends and gathering around the kitchen, dining or living area, or relaxing and looking up to see the best aspect in the northern Illawarra, often spotting whales and paragliders enjoying themselves.”
Perfect for executives and SME owners working from home
As a bonus, the 1,044 sqm Stanwell Tops property comes with a sleek self-contained studio boasting ocean views.
“This studio will suit executives and small business owners who need a quiet retreat to get on with the chores of each working day,” Mrs York said.
“There is also another separate home office with powder room which could be a gym.
“As this property is just 60 minutes by car or train to the Sydney CBD, we expect this property to appeal to executives and SME owners who must be in Sydney regularly for business once we return to normal after lockdowns.
“But this magnificent property also allows them to easily work from home and enjoy the stunning backdrop of the Pacific Ocean as they bash away at their keyboards or take Zoom meetings with clients and colleagues.”
Source: Raine & Horne Group
