“WITH THE TRANSPORT, THE VIEWS AND SHOPPING CENTRE GOING IN, I THINK THE VALUE FOR MONEY IN WOOLOOWARE BAY IS VERY GOOD.”
After five long years of looking, Shire locals Chris and Sherryl found their ‘forever home’ in stage 4 of Woolooware Bay – “Bayview”. “From our perspective it was the right time, I’ve never been one to purchase off the plan however this provided the opportunity for me to place my stamp on it” says Chris. “We’re coming out of a 700sqm home, so this is a big downsize for us, but it’s going to give us access to all the facilities we want and there’s nothing like that anywhere else in the area,” he says.When it came to picking the time to buy, Chris says he was less concerned about what the market was doing. Instead, it’s a new life stage which has driven their latest purchase. “I’ve seen three declines – the one in 1987, then in 2007 and this one, which was different again. It just stagnated. But from my perspective the Shire has been very resilient,” he says. “I bought a place in 1980 for $175,000 and I sold it in 1987 for more than $800,000… so if people think we’ve never seen a market like the last boom – it’s happened before..” says Chris.
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