Ray White Lower North Shore

WHO IS BUYING APARTMENTS IN MOSMAN, CREMORNE AND NEUTRAL BAY? Over the past quarter, we have seen an increase in couples opting for 2 or 3 bedroom apartments close to amenities versus buying a house further afield. We have also seen a greater number of investors and first home buyers. Most buyers we have met have been Sydney residents with a few expats, and majority of these buyers have been locals already living in Mosman, Cremorne and Neutral Bay. ONE BED – Individuals who have just returned from abroad – Couples who are first home buyers who were renting – Investors TWO BEDS – Upsizing couples that want to remain in the area – First home buyers getting out of the renting bubble – Young couples upsizing and looking to start a family – Investors THREE BEDS – Upsizing couples who are opting for larger apartments rather than a house – Downsizing couples who have sold their family homes and wanting to stay in the area – Downsizers wanting to liquidate assets from their homes and live a “lock up and leave” lifestyle