NSW Suburb Profile: Cronulla

STATE SPOTLIGHT: NEW SOUTH WALES

SUBURB REPORT: CRONULLA

Suburb Report: Cronulla New South Wales Auction Schedule Global City Wealth Index New South Wales Listings

With world class surf breaks, beautiful sandy beaches and stunning coastal parklands, Cronulla presents a vibrant and varied lifestyle in a highly sought-after pocket of Sydney’s south. Renowned energetic atmosphere, recreational activities and popular restaurants, cafés and bars, Cronulla keeps residents and visitors entertained throughout all hours of the day.

RESIDENTS

The ABS estimated population for Cronulla as of 2018 is 19,350; an increase of 13.5% from the 2011 Census. As the population continues to grow, residents are taking to the skies, with apartments now accounting for 72.7% of all dwelling types; land is a rare and highly sought-after commodity.

The latest 2016 census reported that Cronulla is made up of a diverse range of age-brackets that stretch from 20 through to 70; the median age as of 2016 was 39 compared to NSW; 36 and AUS; 38.

CULTURE

This southern headland is most prominently known for its outdoor activities, suiting residents, of all ages, with an ‘outdoor’ lifestyle. While the beaches, walking trails and harbour are key reasons to visit and stay, the area also supplies an enticing retail and café lifestyle, with the added benefit of proximity to Miranda Westfield Shopping Centre.

Cronulla is also the only Sydney beach accessible by train, allowing CBD bound commuters the unique pleasure of avoiding traffic via an easy 50-minute journey to the city centre.

PRICE

Houses: Median house prices in Cronulla have enjoyed a mix of steady and dramatic increases over the past three years. In March 2019, the median house price was $2.24 million – an increase of over 24% compared to the same period of 2016.

The most notable rise occurred during the middle of 2017, when the median price jumped $245,000 in the space of three months. The current weekly median advertised rent is $810.

Units: Median unit prices may have not experienced the same dramatic increases as house prices, but they have still enjoyed a steady rise of approximately 20% (to $882,500) over the past three years. The current weekly median advertised rent is $478.

SIGNIFICANT PROJECTS

Wavelength (49 Gerrale Street): Led by Iridium Developments and designed by Architecture Urbaneia, Wavelength is a

mid-rise, one building residential project idyllically situated opposite Cronulla Park and Beach.

Consisting of 63 luxury dwellings spread over 9-storeys, with a range of 1, 2 and 3 bedroom configurations in addition to a penthouse suite. The project will also incorporate a Green Terrace plus four swimming pools.

Ozone (5-9 Ozone Street): The Ozone residential project presents 30 dwellings across its nine storeys.

Designed by Vic Lake Architecture the $32 million project has been cast in some controversial limelight recently due to proposed adverse impacts, in particular the view loss for residents in surrounding homes. Design amendments were designated as appropriate, with approval for the project being granted recently. The penthouse was pre-purchased in 2018 for a record $7.5 million.

Wavelength

Image Credit: Urbaneia