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The new hotspot for sea-change investors

investor-stories
1 minute read

The new hotspot for sea-change investors

by Emma Ryan 03 August 2020 1 minute read

A NSW hotspot is seeing greater investor demand, attracting more Sydneysiders to its laid-back coastal lifestyle.

The new hotspot for sea-change investors
August 03, 2020

According to McGrath Estate Agents, the Thirroul property market is one to watch, with more Sydneysiders looking to move to the hotspot as a result of relaxed working conditions off the back of COVID-19.

Thirroul is located south of Sydney, approximately 13 kilometres north of Wollongong

“The out of area migration from Sydney is becoming increasingly popular. Thirroul is only 80kms from the south of Sydney and many more people are becoming comfortable with this commute to put themselves in a better financial position,” said Vanessa Denison-Pender of McGrath.

McGrath’s Jeremy Hodder added: “We are seeing increased interested due to the location and affordabilityof the area. The wide variety of properties available and a value-for-money proposition for families wanting to relocate is an option.”

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“Since the onset of COVID-19, we have experienced a large number of enquiries from Sydney not only for relocation opportunities but also for investment options, this includes weekenders and beach holiday homes.”

John McGrath, founder and executive director of McGrath, said: “Thirroul itself offers low-density beachside living that is increasingly appealing to both Sydneysiders wanting an escape as well as those who are attracted to his wonderful lifestyle, amenity and its proximity to Sydney and the regional cities of Wollongong and Canberra.”

“This is an important region for our group to expand into. We are seeing more Sydneysiders make the move into Thirroul, especially now that many workers are given flexibility with their working conditions.

“The Thirroul train line allows commuters to get to Central Station in Sydney within an hour and gives residents the relaxed coastal lifestyle that Thirroul has to offer and get out of the busy Sydney area.”

The new hotspot for sea-change investors
The new hotspot for sea-change investors
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About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of content at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]Read more

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