Sydney Northern Beaches Update
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It's The Real Estate Podcast brought to you by ANZ Home Loans for financial well-beings. And welcome to another episode of The Real Estate Podcast available on iHeartRadio every morning and also on Spotify and Apple and wherever you get your podcast from. It is a Friday morning back into almost a weekend. How's the daylight saving sleeping going? I did say that by the time we got to Friday morning, that should be alleviated somewhat. It is the seventh day of October for 2022. And coming up, we're talking northern beaches in Sydney with Matt and Monique. We're going to be having a look at exclusive areas like Palm Beach, Narrabeen, And Manly Beach, what is happening with those prices? And can you find property in those locations for a reasonable price?
We'll find out very shortly. Oh, yeah. And you might have seen this reported yesterday. And my initial take on this was, why not? A residential development is offering a twist for potential buyers to reduce their carbon footprint by providing communal Teslas. And this is all happening in a $500 million development in St. Leonard's on Sydney's North Shore. Now, the trick here is that Teslas are going to be parked and waiting on site for owners of apartment to be able to book and open the cars using an app. So the whole marketing around this campaign is to say, hey, long-term residents won't even need to own a car. The Teslas will be provided through the residents' body corp fees with a usage fee of that $20 per hour through the app.
We talk with leading property commentators with analysis, predictions, forecasts, and what's trending every morning from 6.30. Hey, if you're celebrating your birthday today for the 7th of October, wow, look who is having his birthday. This is the reason why I feel sorry that it is your birthday falling on the same day as Vladimir Putin. Putin is turning 69 today. Who cares? But anyway, I thought that I'd mention that. Simon Cowell is also on the birthday calls. He's turning 62. And Johnny Cougar Mellencamp, the singer, he is turning the big 7-0 today. It's your real estate podcast for breakfast. It's the main centre forecast with PRD, selling smarter every day. Let's head around Australia on this Friday morning and have a look at your weather.
And good morning if you are in Sydney, expecting showers to increase today. And a high of 22 degrees in Melbourne, expecting the rain and 21. Brisbane, partly cloudy, should be mainly dry with 24 degrees. And in Perth today, it's going to be blue skies with sunshine and 21 as your forecast high. It's your weekday real estate breakfast with news, interviews and predictions every morning on The Real Estate Podcast. And what we are going to do this morning is take a look at the beautiful northern beaches in Sydney, which reached dizzying heights over the past two plus years, with prices rising 38.5% over the COVID period. Now, that is pretty good if you are in the area and that boasts exclusive areas like Palm Beach Enclave or the Surf Break at Narrabeen and of course world famous Manly Beach.
So to help explain this to you, I am joined this morning by Matt Corbett, Principal and Monique Treeder, Buyer's Advocate from propertybuyer.com.au and a very good morning to you, Matt. Morning, Craig. Thanks for having me back. And hello there, Monique. How are you? Yeah, well, thanks, Craig. Thanks for having us. All right, well, let's start with you, Matt. We know that the prices went crazy, as I mentioned, during COVID. Perhaps a highlight for our audience, why they went so high on the northern beaches. Yeah, Craig, look, the impact of COVID was huge. During this time, many people were forced into a change of employment, new business opportunities opened up, and some people just sought a change in lifestyle.
A lot of people saw themselves working from home forever, and the idea of a beach walk during a lunch break was particularly appealing. We had a very strong influx of buyers from the North Shore and eastern suburbs in particular, with many people realising that they could get far greater value for their money by buying in a market that has traditionally lagged behind the one that they had come from.
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