Northern Beaches LGA Sydney, NSW
The Northern Beaches precinct has been one of the most resilient markets amid the general Sydney post-boom downturn. Sales activity has been stronger here than elsewhere in Sydney and prices in the apartment markets have held up well.
Suburbs like Frenchs Forest and Freshwater have continued to attract strong buyer demand. Frenchs Forest has been declared a Priority Planned Precinct by the NSW Government and this is helping to propel property sales in the area.
Land in this suburb is to be rezoned for future redevelopment with final approval for the staged project expected by the end of 2019.
Major projects have recently been completed or are under way, including the $600 million Northern Beaches hospital which opened in 2018. In support of the hospital, $500 million is being spent on roads around the hospital to improve traffic flow and connectivity. These projects are generating jobs in the area.
The proposed Beaches Link tunnel will make commuting to employment nodes and the Sydney CBD easier, while Ingleside is expected to evolve into a modern community with 3,400 new dwellings, a town centre and school.
This report includes the suburbs of Avalon Beach, Balgowlah, Brookvale, Collaroy, Dee Why, Fairlight, Freshwater, Manly, Mona Vale, Newport, Queenscliffe and Warriewood.