Downsizers looking to move into smaller, low maintenance homes are choosing to purchase apartments at Cremorne Point for its gorgeous views, easy access, and wide open spaces.
John Grooms of O’Gorman & Partners Real Estate told Domain that Cremorne Point is the perfect location for this buying market.
With stable and established jobs or a superannuation benefit, these types of homebuyers have a good cash flow to invest in buying a new home that requires minimal upkeep.
Harbourfront properties in this Lower North Shore suburb are also drawing interest from parents who want to live closer to their university-age children, while still maintaining a separate but larger eastern suburb home.
Cremorne Point, after all, is 6.6 kilometres away from the University of Sydney and 8.0 kilometres away from the Central Business District. It’s also close to plenty of cafes and shopping strips in the city, and recreational facilities and around its neighboring suburbs like Mosman and Neutral Bay.
According to the 2016 Australian Bureau of Statistics, at least 78.2 percent of residents in Cremorne Point prefer a flat or apartment as a dwelling structure. The national average of apartment-dwellers is just a little over 13 percent.
A few important elements to apartment-living among downsizers in Cremorne Point include a spacious but low-maintenance courtyard and a third bedroom that may be turned into a home office. Some downsizers also prefer to buy an apartment with just the right size but to be renovated with high-end home features.
Aside from Cremorne Point, the apartments and flats at Double Bay, Potts Point and Rose Bay are also attractive to downsizers.
