New report reveals northern seashores unit costs have risen by 10.5 per cent in a 12 months

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Offered – 16/31-35 Delmar Pde, Dee Why.


Northern seashores models have grown extra in worth in a 12 months than nearly each different area within the nation.

Recent figures from realestate.com.au present that the brand new median worth for a unit on the northern seashores is $945,000 up 10.5 per cent in 12 months and the seventh highest unit improve nationwide.

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Brokers level to a rush of latest gross sales, principally from first dwelling consumers. Younger professionals from throughout Sydney are looking for seaside suburbs for way of life and are shopping for promptly, usually with assist from the financial institution of Mum and Dad.

Final 12 months there was a glut of models on the northern seashores particularly in Dee Why however the variety of models on the market on the seashores has dropped from 534 in July to 329 this month.

Liliana O’Toole, of Cunninghams Actual Property, mentioned first dwelling consumers from Mosman and Impartial Bay have been seeking to purchase on the seashores realizing they might make money working from home and didn’t must commute.

“Cash is reasonable,” Ms O’Toole mentioned.

“And consumers are on the lookout for way of life and measurement,” she added.

16/31-35 Delmar Pde, Dee Why.


A two-bedroom unit at 16/31-35 Delmar Pde, Dee Why offered for $990,000 to first dwelling consumers final week having come to market with a information of $850,000.

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“We had 40 teams by within the first open they usually have been lined out to the road,” Ms O’Toole mentioned.

Property purchaser Michael Ossitt, of Strand Property Group, mentioned the proportion of first dwelling consumers in NSW was at its highest since 2011 and out of space consumers have been eyeing Collaroy, Narrabeen and Dee Why. He added {that a} median unit worth of greater than 10 per cent was unbelievable contemplating the headwinds of the final six months.

Agent Gordon Archibald, of Di Jones Pittwater, mentioned within the first few months of COVID-19 consumers held off however exercise has since picked up.

1/72 Gladstone St, Newport.


Mr Archibald offered a two-bedroom unit at 1/72 Gladstone St, Newport for $735,000 final week and had three gives on it in a single weekend. The Di Jones workplace is new to the northern seashores and it has helped the model notch up a document 117 gross sales price $231 million in October, the very best within the firm’s historical past.

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