Out of area buyers have long eyed the northern beaches but it seems they are now beating a path to the peninsula in their search of property.
Agents have reported they are seeing unprecedented numbers of buyers from the eastern suburbs who are discovering bigger blocks of land, value, community and a beaches lifestyle.
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The top sale of the week on the northern beaches was to buyers from the eastern suburbs who paid close to guide of $6.4 million for a five-bedroom house at 48 Grandview Gr, Seaforth.
Maria Cassarino, of Stone Real Estate, said she was struck by the high calibre of out of area buyers looking for good quality property.
“I am seeing plenty of buyers in the $5 million plus range,” she said.
“There is a shortage of good quality family homes, the ones that tick the boxes with big blocks, pools and a view as a bonus.”
Eastern suburb buyers have also bought in Freshwater, picking up a weatherboard cottage at 31 Surfers Pde for $1.86 million.
Seven parties registered for 31 Surfers Pde last Saturday, three of them were from beyond the beaches.
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Michelle Galletti, of Cunninghams Property, said the eastern suburbs buyers made a big bid of $1.8 million, $200,000 above the first bid and really wanted the home.
“Out of area buyers are saying there is more community here, a similar lifestyle to what they are used to in the eastern suburbs but it is cheaper to live here,” she said.
The new owners intend to rebuild on the 405sqm block.
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Eastern suburbs buyers were also chasing a five-bedroom house in Killarney Heights last week. Simon Rose, of Raine & Horne Forestville, said many eastern suburb buyers barely knew where Killarney Heights was but the new Northern Beaches Hospital has put the area on the map for buyers from all over Sydney.
“Access to the city is around 35 minutes, the beach is 20 minutes away and the hospital is nearby,” he said.
Number 101 Ballyshannon Rd was a tri-level home with swimming pool and it sold on auction day for $1.986 million.
Meanwhile many of 45 people who viewed a waterside apartment in Manly that sold last weekend were from the eastern suburbs drawn to the position of the unit on the water but in the end 9/11 Addison Rd sold to locals.
Manly buyers paid $1.61 million at auction for the two-bedroom unit in Moorings with its lovely harbour views. Angus White, of LJ Hooker Balgowlah, said five groups registered for the tightly-held block, bidding opened at $1.3 million and the sale smashed the reserve.
“It was bought by an owners occupier who had family in the street,” he said.