Regional Areas Out With Buyers Focused On Inner-City
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Regional Areas Out With Buyers Focused On Inner-City

Buyer priorities have changed according to the NAB.

By Terry Christodoulou
Tue, Feb 8, 2022Grey Clock < 1 min

The inner-city is at the top of the residential housing market’s wishlist with buyers moving away from apartments and regional areas in favour of affordable suburbs nearby to the city new data from NAB reveals.

The NAB survey asked potential homebuyers the most important factors they consider when buying a property. Here, the survey showed that 74% consider the amount of their loan as most important.

While last year the pandemic shaped the desires of homeowners, with a home office along with a tree change top of buyers’ lists — affordability is now top of mind says NAB’s head of home ownership Andy Kerr.

“What we are now seeing is little green shoots of people returning to inner-city suburbs, looking for the balance of lifestyle and value as cities like Melbourne and Sydney have opened up. This has been aided by more subdued price growth in these areas,” said Mr Kerr.

“The trade-off between affordability and lifestyle has changed markedly throughout the pandemic, with choices around CBD proximity, additional space and price fluctuating over the last two years,” he added.

The survey of 370 property professionals also found 62% considered local shopping, restaurants, and amenities as important when buying a property, 53% preferred a house over an apartment while a further 52% considered the size of the land.

In 2021, the lockdown and other lifestyle factors led to people favouring regional location however in just 12 months the data has swung to people favouring buying in a metropolitan area at 26% compared to buying in a regional area now sat at 21%.

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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