Demand for new villas and large homes

New villas and large homes on large blocks have both been attracting buyer attention in the Peninsula property market during the first two months of 2017.

Raine and Horne Woy Woy sales consultant Mr Shane Johnson said: "The year has started with plenty of buyer activity and properties continue to achieve fantastic prices for their vendors.

"There are many qualified buyers coming to the area looking to purchase a new or modernised villa," Mr Johnson said.

"These buyers are happy to purchase existing or off the plan villas that have been designed focussed around the entertainer - that is, having large open plan living, dual car garage and three bedrooms to host the weekend visitors," he said.

Mr Johnson said the other type of buyer seeking out Peninsula property was the family wishing to move to the area and happy to commute to Sydney for work.

"These buyers are looking for large parcels of land that have either substantial homes, which they are happy to pay $1 million plus, or homes that they can purchase and do some renovations to over time.

"Despite the heat, we have seen great buyer turn-out to open homes over the past few weeks," he said.

According to Mr Johnson, sales during January included 14 in Woy Woy with an approximate median price of $680,000.

The median price from 12 sales in Umina was around $675,000 and the six sales achieved in Ettalong resulted in an approximate median sale price of $600,000.

Media release, 15 Feb 2017

Shane Johnson, Raine and Horne Woy Woy