More Homeowners Planning To Sell: Westpac
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More Homeowners Planning To Sell: Westpac

Latest figures indicate a rise in Aussies thinking about selling.

By Terry Christodoulou
Tue, Jun 29, 2021Grey Clock < 1 min

More Australian’s are thinking of selling their homes according to the latest research by Westpac.

Nearly four in ten (39%) homeowners are planning to list in the next five years – an increase of 9% since November 2020.

The report found a number of homeowners are looking to downsize, with more than a quarter (26%) looking for a smaller property.

Westpac’s Managing Director of Mortgages Anthony Hughes said the findings could be promising news for buyers.

“In welcome news for buyers, the report also found more people are now thinking about selling. This is largely being driven by confidence in getting a good return on their home, as well as an increasing desire to live in a new area as people seek more living space.

“While the report found houses are most in demand, units and apartments still remain a popular option – particularly among younger buyers who are more likely to seek the convenience and access to local cafes, restaurants, and bars, as well as downsizers who might be seeking a coastal lifestyle,” said Mr Hughes.

The report found 71% of first home buyers are seeking a house or townhouse and 62% want a property with at least three bedrooms.

Despite a slight decrease recorded in the number of Australians planning to buy a first home, competition with other buyers remains a top challenge (43%) with 29% citing a lack of listed options as a barrier to achieving homeownership – a sentiment that’s increased by 10 percentage points in the last three months.

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By Robyn Willis
Fri, Aug 5, 2022 2 min

When people talk about making a seachange, chances are this is the kind of property on the NSW South Coast that they have in mind.

Open for inspection for the first time this Saturday, 24 Point Street Bulli offers rare absolute beachfront, with never-to-be-built-out north facing views of the ocean. Located on the tip of Sandon Point, this two-storey property is a surfer’s dream with one of Australia’s most iconic surf breaks just beyond the back wall.

On the lower floor at street level, there are three bedrooms and two bathrooms, including a family bathroom and an ensuite in the master suite. A fourth bedroom is on the upper floor, along with the main living area, and is serviced by its own bathroom. 

While this would make a spectacular holiday home, it is well equipped for day-to-day living, with a spacious gourmet kitchen and butler’s pantry set into the articulated open plan living area on the first floor. A separate media room to the street side of the property on this level provides additional living space. 

Every aspect of this property has been considered to take in the light and views, with high ceilings internally and spacious, north facing decks on both levels to take in views of rolling waves. If the pull of the ocean is irresistible, it’s just a 100m walk to feel the sand between your toes.

The house is complemented by a Mediterranean, coastal-style garden, while the garage has room for a workshop and two car spaces.

An easy walk to Bulli village, the property is a 20 minute drive from the major hub of Wollongong and just over an hour to Sydney.

 

Open: Saturday August 6 2pm-3pm Auction: Saturday September 3 Price guide: N/A but expected to exceed $5.3m paid in March for 1 Alroy Street 

Contact: McGrath Thirroul – Vanessa Denison-Pender, 0488 443 174