Luxury Barrack Heights units fly off plan

PROPERTY WATCH

Colliers International and PRDnationwide are selling apartments off the plan for a new 18-unit complex in Barrack Heights.

Demand is strong for one, two and three-bedroom apartments, with 20 per cent sold in the first two weeks on the market.

Colliers International Wollongong associate in investment services, Marta Amann, said the luxury apartments were an ideal entry level to the market for first home buyers and investors.

Known as Tahlia Apartments, at 121-125 Lake Entrance Road, the development comprises four residential apartment blocks on a 1800 square metre corner site.

The apartments are listed with Ms Amann, a newly-appointed agent with Colliers.

The internal areas range from 50 sqm (one-bedroom) to 95 sqm (three bedrooms) with prices starting at $270,000.

All apartments include one secure undercover car park plus a balcony or courtyard.

Kiama market lifts

Two modern architect-designed properties overlooking Kiama Beach are on the market with the chance to buy in one line.

The mainly identical houses, with more than 480 sqm of combined living space, were designed to maximise natural lighting and beach views.

Listed through selling agent, Michele Lay of Ray White Kiama, 1 and 2/12a Barney Street have gone to market.

Price expectations range between $1 million and $1.2 million each.

"In the past six weeks we've started to see more buoyancy in the Kiama property market," Ms Lay said.

"Our top-end property really started to move and it's a promising sign of things to come."

The two homes were built nine years ago and have never been on the market before.

"We haven't seen this calibre of property on the market in Kiama before. These dwellings have been built with such high quality and are in a wonderful position, with a northerly aspect overlooking Kiama's beach and a short walk to the centre of town."

Ms Lay said the homes, together, have seven bedrooms, nine bathrooms, four garages, a rooftop terrace, pool and spa.

The residences are offered in one line but there is an chance for separate purchases.

"At our on-site auction, on March 15, buyers have a choice," she said. "If the property passes in when auctioned in one line, we'll put the two residences to auction separately."

The home can be inspected on Saturday from noon to 1pm.

Elevated views at Thirroul

Belle Property Wollongong is selling a new five-bedroom home at Thirroul, on an elevated setting with views of the ocean.

The property at 58 Lachlan Street (pictured above) features open living spaces and leads out to an large deck.

The upper level bedrooms have built-in wardrobes; the master retreat has an ensuite.

There is a separate study, rumpus room, spa bathroom and kitchen with breakfast island and quality European fittings.

Listed with Darren Kay of Belle Property Wollongong, the property has landscaped grounds with a level rear garden.

Other features include high ceilings, ducted airconditioning, underfloor heating and twin garages with internal access.

The home is open to inspect on Saturday from noon to 12.45pm. It is up for auction on Saturday, March 8, at 9.30am onsite.

Correction

In last Saturday's Mercury, it was reported that a 21-hectare parcel of rural land at Gerroa last sold for $5.03 million in May 2012.

This was incorrect as the land in question has not been sold for more than 90 years and is a first time offering.

The Mercury regrets the error.

The land, known as Paringa, is an elevated property overlooking Seven Mile Beach with sweeping views of the coastline and cleared level land running down a long frontage to Crooked River.

Neil Campbell, of Campbells Ray White Gerringong, said the auction of 75 Crooked River Road was a once-in-a-lifetime chance to own 21ha of rural land in a highly desirable location.

"Not often can you find a magnificent rural acreage on the doorstep of the ocean," he said.

The land goes to auction on Wednesday, February 26, at 6pm.

Worth a look

• A one-bedroom Fairy Meadow unit for $189,999 through MMJ Wollongong

• A five-bedroom Gwynneville house for auction through Jackson Residential

• A three-bedroom Mangerton townhouse for $529,900 through Peter Taranto

• A four-bedroom Thirroul house for $790,000 + through Ray White

• A two-bedroom Wollongong unit for $400,000 + through Elders Wollongong

Click here for Domain's full guide

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