A three-bedroom Wollongong penthouse with views to the beach has sold for $2.4 million in what is believed to be the highest result for the city's market so far this year.
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It was one of 17 property sales recorded during the first two weeks of January in the Wollongong local government area, according to CoreLogic records.
Sales records are not always updated in real time and that figure will likely grow in coming weeks, though January is typically the quietest time of year for real estate markets.
The apartment, which had passed in at auction in late 2021, sold to downsizers who were relocating from the Greater Western Sydney area, according to selling agent Sam O'Halloran of The Agency Illawarra.
They were one of five interested parties, he said, only one of whom were locally based.
Most offers had been around the "$2.1 million to $2.2 million" mark, he said.
The property, which was built in 2010, and is accessed via the Sage Hotel, had attracted interest because of its location on the end of Harbour Street and the building amenities, which include a gym and pool.
"Everything is within walking distance, including coffee shops, restaurants, supermarkets and doctors. It's easy living on that end of Harbour Street," he said.
Mr O'Halloran sold the property to the vendors in 2018 for $1.7 million.
The latest result was an indication that "quality properties" would continue to perform well in 2022.
"Quality properties with access to amenities and access to the water, regardless of what's happening in the world, will always have demand," he said.
Other sales recorded during the first two weeks of January included 6 George Street, Thirroul.
The three-bedroom, two-bathroom house on a 244 square metre block sold for $1,555,000.
The selling agent was Vanessa Denison-Pender of McGrath Thirroul.
In Gwynneville a two-bedroom villa at 2/33 Frances Street sold for $795,000.
In a complex of two, the property featured a converted garage, currently being used as a third-bedroom.
The selling agent was Christian Zeidler of One Agency Zeidler Waller.
CoreLogic reported that sales activity across the country was at a typically low ebb last week, though mortgage activity figures were down more than usual for January - potentially a reflection of the disruption caused by the current Omicron wave of COVID-19.