Is City Living Back In High Demand?
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Is City Living Back In High Demand?

A survey from Knight Frank indicates urban interest is returning.

By Terry Christodoulou
Thu, Aug 26, 2021Grey Clock < 1 min

During the COVID-19 pandemic, there was a documented shrinking interest in living in cities, with many looking to the country as a new, viable way of living.

The global pandemic-induced tree change trend is seemingly losing momentum according to Knight Frank’s Global Buyer Survey.

Here, the survey of 900 clients across a total of 49 markets looked at the impact of COVID-19 on residential buyers’ attitudes to purchasing homes.

Globally, 19% of respondents have moved since the start of the pandemic – a figure that rises to 25% in Australasia.

Respondents cited a need for more outdoor (22%) and indoor (19%) space as the driving factors behind the moves.

Further, 20% of respondents who hadn’t moved were considering moving in 2021 as the pandemic continues to evolve.

Out of those respondents, 38% were looking at city locations – a strong indication that metro regions may be coming back into favour while 33% prefered more suburban locales.

Detached houses, waterfront residences or villas are still in strong demand, making up 46% of respondents. Elsewhere, country estates were also in demand, with 34% looking at that property type.

Surprisingly demand for apartments has shot up by 19% to 31% compared to 2020, with Knight Frank suggesting those changes reflect increased demand for a pied-a-terre in city centres.

 

 

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The waterfront residence is one of Port Stephens’ finest homes.

By Kanebridge News
Fri, Aug 12, 2022 2 min

In the coastal township of Salamander Bay — nearby to Port Stephens — comes a unique home crafted to take full advantage of unbroken ocean vistas across three levels.

With one-of-a-kind flair, the stunning 5-bedroom, 3-bathroom, 3-car garage home of 52 Randall Drive Salamander Bay is nestled on a private 577sqm plot, optimised through intelligent design to take advantage of the Port Stephens landscape and lifestyle.

Within the home sees the typically coastal textures of natural oak floor and timber feature walls take hold while stone and tiled adornments add layers of luxury.

The open plan living, kitchen and dining areas incorporate a fireplace and near floor-to-ceiling glass that opens to create a seamless indoor-to-outdoor dining and entertaining space on the home’s top floor.

The heart of this area is the kitchen, centred around a marble-topped island, state-of-the-art European appliances and an attached bar area, with built-in refrigeration, accompanied by a butler’s pantry.

Also here comes a grand outdoor spa, central to the balcony, while another outdoor entertaining area with a pizza oven is found on the middle floor.

Downstairs once again comes a second living space replete with the perfect wine cellar — cooled by the natural rock foundation of the home — offering an array of entertaining options

Of the home’s accommodation comes a private and luxurious master retreat with expansive ocean views, a walk-in wardrobe and an ensuite, here, speckled with grey terrazzo tiling and timber joinery vanities.  A further four bedrooms are found throughout the home along with two family bathrooms rounding out the offering.

Less than a five-minute walk from nearby amenities of shops, restaurants, cafes and beaches the home offers the best of the Port Stephens area.

The listing is with PRD Port Stephens’ Dane Queenan (+61 412 351 819) and Erin Sharp (+61 499 912 311) and is heading to auction; prd.com.au