Sean St Clair, principal of Holmes St Clair, says new apartment projects near the Pacific Highway are boosting the neighbourhood’s residential population in a big way.
“We’ve seen a lot of off-the-plan projects in the last 12 to 18 months, with demand from a combination of investors and owner-occupiers,” St Clair says.
“The demographic is people who want to live on the lower north shore. They want that city lifestyle but they don’t want to be in the CBD.”
North Sydney’s primary reputation as a business district is rapidly transforming. New (or improved) bars, cafes, shops and restaurants are drawing a hipper crowd.
The Greens could hold its own against any inner-city drinking spot, with breezy cocktails, lawn bowls or even petting zoos, depending on the day.
Sean St Clair of Holmes St Clair says buyers want a city lifestyle “but they don’t want to be in the CBD.” Photo: Peter Rae
The Northside Produce Market gives foodies their farm-fresh fix. Nearby on Ridge Street, former Danks Street contemporary jeweller Bridget Kennedy has relocated to Studio 20/17 Project Space.
As well as new and established apartment towers, North Sydney has some quieter residential pockets with terrace and freestanding homes.
The suburb is well serviced by buses and trains. Rail options are set to improve with the proposed Victoria Cross station nearby.
With a clearance rate of 65 per cent, the suburb’s house price median sits at $2.308 million, with a unit price median of $907,000.
St Clair says one-bedroom units typically start from about $900,000, while two-bedders are fetching from $1.2 million and terraces cost upwards of $1.8 million.
The Northside Produce Market gives foodies their farm-fresh fix. Photo: Fiona Morris
With a clearance rate of 65 per cent, the suburb’s house price median sits at $2.308 million, with a unit price median of $907,000.
St Clair says one-bedroom units typically start from about $900,000, while two-bedders are fetching from $1.2 million and terraces cost upwards of $1.8 million.
article from domain.com.au by Elicia Murray