Areas like Mosman, Neutral Bay, and Lane Cove are particularly popular due to their focus on family living. In addition to traditional houses with sprawling gardens, there’s also been a rise in apartment living driven by demand for low-maintenance options among young professionals and downsizers.
Mixed-use developments combining residential, commercial, and retail spaces have become increasingly popular as they offer convenience with shopping, dining, and entertainment all in one location. Examples include St Leonards Square development and the new retail precinct in Chatswood.
The North Shore has had major upgrades in recent years, especially with transportation like the North West Metro and the proposed Beaches Link tunnel. These improvements have made the region more accessible and appealing to investors, leading to growth in the real estate market.
Rising Property Prices
Real estate prices in the North Shore have surged recently, particularly in areas like Mosman, Neutral Bay, and Cremorne. This is due to high demand for property and a limited supply of new housing.
Emphasis on Sustainability
There’s a growing emphasis on sustainability in the North Shore real estate market, with both developers and buyers seeking environmentally friendly building practices such as solar panels, rainwater harvesting, and energy-efficient appliances.