Units in Thirroul are beginning to break the $2 million barrier, with multiple sales occurring during recent months.
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According to CoreLogic (which includes townhouses in unit prices), as of June this year, the median sale price for units in Thirroul was $895,000. This figure was $735,000 at July 2020.
In the year to June, there were 22 unit sales in Thirroul priced from $800,000 to $1 million.
There were 13 sales in the $1 million to $2 million range, and one sale above $2 million.
The townhouse at 3/12 Ann Street, Thirroul sold for $2 million earlier this week.
The three-bedroom, two-bathroom home sold off-market after just six days.
Selling agent, Adam McMahon from Dignam Real Estate said the property was situated in one of East Thirroul's most picturesque streets, and a short walk to Thirroul Beach.
Mr McMahon said it sold to a Sydney buyer, following a social media campaign and a database email.
He said East Thirroul was "extremely sought-after".
"We had eight inspections and multiple offers on it," he said.
"It was actually an under-bidder at a previous auction for another Thirroul property the previous week.
"He missed out on that property and jumped on this one quite quickly. After missing out earlier, he wanted to rebound quite quickly and secure something.
"It's an excellent result for a property that is well-located, and the property itself is pretty much original.
"It's just phenomenal, how much of a demand there is coming out of Sydney for these properties."
Meanwhile, the apartment at 1&2/45 The Esplanade, Thirroul sold for $2,260,000 in mid-September.
Originally built as two separate units, this property has been opened up to create a spacious four-bedroom penthouse-style apartment located directly across from the sand and surf of Thirroul Beach.
"Everything is on your doorstop there - beach, outdoor pool, and a short walk to the cafes and shops," selling agent, Adam Blackmore from McGrath Thirroul said.
Mr Blackmore said it sold to Sydney family - who planned to utilise it as a holiday home - via online auction.
The reserve price was $1.8 million. There were 21 registered bidders.
He said 80 per cent of the 220 inquiries on the property were from Sydney buyers.
"A lot of people are drawn to Thirroul by the option to work from home at the moment," he said.
"There were quite a few buyers from Sydney who were looking at it (this listing) for that reason. Having the express train line to Sydney is also appealing."
Brendan Crabb
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
