Sea-changers and downsizers are snapping up apartments on New South Wales’ idyllic South Coast

Construction underway on luxury coastal development Ridgewaters Kiama as sales soar

The Announcement:

The construction of these luxury coastal apartments on the picturesque NSW South Coast has seen strong sales and ‘extraordinary’ levels of buyer interest from downsizers, sea-changers and industry professionals wanting to work remotely, whilst revelling in the charming coastal lifestyle.

The boutique, four-building Ridgewaters Kiama development has garnered great sales with over 15 of the apartments already sold and many expressions of interest still being registered for the new and highly anticipated residential community. 

Nicholas El-Khoury, the Managing Director of developer, St Trinity Property Group said that they were very pleased with the sales success experienced so far with Ridgewaters Kiama.

The $60 million project reinforced the soaring demand for quality seaside residential product along the NSW south coast.

“Ridgewaters Kiama is the only development on the South Coast offering exclusively three-bedroom apartments, some with studies, designed specifically to cater to this unprecedented demand for flexible sea-change, owner-occupier residences accommodating a range of changing needs,” Mr El-Khoury said.

“We’ve received interest from a range of buyers – some of them coming from postcodes closer to Sydney’s CBD as well some already from coastal areas like Sutherland Shire who want to remain by the sea, but for a lesser price tag.

“All of them clearly recognise the value of seaside havens such as Kiama as offering both the convenience of being close to major metropolitan areas and facilities with the desirable lifestyle of smaller coastal communities.”

The buyer appeal of Ridgewaters Kiama

There are many buyers who, rather than spending $4M on an apartment in pricey coastal areas around the Sydney CBD, prefer to purchase a home in Kiama for $1M while still getting that same, optimal lifestyle by the sea. 

Couple, David and Yvonne from the Sutherland Shire are a testament to this mentality that’s becoming ever more prevalent, saying, “we originally planned to downsize in Cronulla with the idea of having sea-views but the pricing within the area was too expensive and we didn’t want to put ourselves in $2M of debt”.

“Ridgewaters Kiama was the obvious choice in the end because it allows us the space, the beautiful coastal lifestyle, luxurious penthouse-style living and spectacular views all for a much more affordable price.”

The boutique nature of Kiama is another draw card for buyers like David and Yvonne who believe that the area promotes a country feel with elements of sophisticated living.

“In Kiama, there are boutique retailers and apartments, yet the area is still very well-connected. There’s an efficient train line which is quite important because that gives us good access to seeing our friends and family in Sydney and the convenience to get to work in the CBD.”

David, a Lead Automotive Accident Investigator and professional of over 20 years, currently works from home and will continue to do so upon the move to Ridgewaters but the option of travelling into the City, as is required for the occasional meeting, is “no big deal because of the efficiency of public transport in the area”.

Yvonne, a former chef and business owner who now works part-time alongside David, shares the same sentiments, saying, “the type of life that Ridgewaters Kiama gives us outweighs any issues around commuting. That’s the beauty of it”.

“We really cannot fault the location of Ridgewaters Kiama. It’s situated on a hill which boasts tremendous views and is perfectly nestled between the mountains and the ocean. It’s also just far enough out of town to have the serenity but close enough to easily cycle or walk to the shops,” says Yvonne.

David and Yvonne are also aware of the valuable investment that comes with purchasing in Kiama, saying, “the area is growing and will continue to grow and increase in value, and so we couldn’t be happier for our timing to buy in this incredible area. We’re very excited for our future here.”

Three-bedroom apartments start from $945,000 and all come with their own, secure parking.

Source: The Capital Group

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