The Rising Prices Of Homes In Beach Suburbs

Business

Most outdoor events are held in beaches because of the fantastic backdrop. Children prefer the freedom provided by beaches instead of being coped up inside an events venue for hours on end. Organizing a beach event can be easy through party hire providers because they are prepared to provide all the equipment necessary for a successful party at short notice.

In Sydney the prices of homes in the beach suburbs are increasing at a faster rate than elsewhere in the city because of the influx of cashed up downsizers coming from areas like the upper North Shore. North Shore downsizers are moving for a sea change and a low maintenance home. People are selling their big homes in the North Shore and have the ready cash to buy a house where they want to live and not where they want to work.

Based on the analysis of CoreLogic, Manly houses have the biggest increase in prices in NSW in the past year with the median price up by 31.1%. A similar increase at 32.4% was noted in the home prices along Sutherland Shire suburb of Woronora. The biggest increase in unit home prices can be found in the northern beaches hub of Brookvale at 32.6%.

Manly has become a popular option to beach suburbs located further south. With the increasing prices of homes, people used to focus on Sydney’s eastern beach suburbs and Mosman but they are now considering other alternatives because their budget won’t stretch that far. Manly has a low level of new apartments with few still on the development stage.

Because there is a shortage in the supply of homes, people are becoming more willing to pay for higher prices in order a secure a piece of paradise. Many are attracted to a beach lifestyle and a home that has a yard and pool for the kids.

No matter the site of your party of event, party hire in Sydney is prepared to provide all the party equipment you need. You can also choose from the various sizes of marquees and tents to accommodate your guests. List down your requirements and get in touch through phone, fax or email.