The Northern Beaches has some of the most desirable postcodes in the country. North Narrabeen, Narrabeen, Elanora Heights, Ingleside and Warriewood are all extremely popular suburbs and look set to remain so despite current interest rates and economic conditions.
From our perspective (and we live and breathe property in this area), it is very difficult to go wrong when buying property in this part of the country. This is because it is rarely, if ever, a struggle to sell.
Are the Northern Beaches a good investment?
The Northern Beaches are a beautiful place to live. It has the stunning coastline, beautiful bushlands and all the amenities you need, plus it is within easy reach of the CBD.
The entire area offers a very appealing lifestyle to many Sydneysiders and immigrants, which is what has made suburbs like North Narrabeen, Narrabeen, Elanora Heights, Ingleside and Warriewood so enduringly popular.
So if you’re looking to answer the question ‘Why invest in Northern Beaches property?’, the wide open spaces and ongoing desirability are at the heart of what makes the Northern Beaches an excellent investment opportunity.
Supply versus demand
Once you find yourself on the Northern Beaches, it’s very difficult to leave. There is always a lack of listings to meet the level of demand from buyers. From young professionals to growing families, retirees and expats, it is popular with every demographic.
The Northern Beaches enjoy a very stable property market thanks to the desirability of the area combined with the lack of supply. Time and time again, we see Northern Beaches homes being snapped up quickly and for a decent price, and this year is no different.
Of course, a home has to be marketed and presented well if you want a quick sale and a truly outstanding result. This is why you need the help of a quality local real estate agent.
The interesting thing about interest rates
The Northern Beaches saw skyrocketing prices towards the end of the pandemic and prices are still sitting in the highest statistical space for most of Australia, even after settling slightly.
While forecasters have been talking about the fixed rate cliff and how property buyers have less to spend because of higher interest rates, the problem of rising mortgage payments is actually not such a big issue here on the Northern Beaches.
Recently it was shown that a significant swathe of Aussie home buyers bought a home in cash. When you’re able to do this, interest rates aren’t on your mind. Cash buyers have healthy budgets and they want to live in a great area. The Northern Beaches ticks those boxes.
Add to these Aussies, the internationals who are currently keen to buy Aussie real estate for various reasons, then you know that your home will sell with little trouble.
Yes, you can still sell for a great price
If you own property on the Northern Beaches, you could be sitting on a gold mine due to high interest from cashed up buyers and lack of stock on the market.
However, to get the best price, you still need a clear strategy and the support of an expert who will be able to tell you what you can ask for your property and what changes you can make to start a bidding war and achieve top dollar.
There is no need to hesitate if you want to sell this year, particularly if you plan to move out of the area or wish to downsize to a more manageable property. So long as you have the right support, you should find a sale can happen relatively quickly.
Ready to sell your Northern Beaches home? We can help. Get in touch today.