Fiona Weir Walmsley
MEDIAN PRICE Prices can range from $815,000 for a three-bedroom house, up to $950,000 or more for four bedrooms. MEDIAN RENTAL PRICE $550 a week for a three-bedroom house.
LOWS AND HIGHS “Gerringong is a largely seasonal market, with an influx of visitors who boost enquiries in summer,” says Angie Ritchie, director and principal of Zest Real Estate, Gerringong. “There are no opportunities for new builds at present, with no land developments in the near future — this creates a lack of supply, which pushes up demand.” MARKET WATCH “The major demand influence at this point is families moving here from the cities,” Angie explains. “Gerringong is a commutable distance from Sydney, so you have a case of the breadwinner working in Sydney two to four days a week, and the rest of the family enjoying the benefits of the Gerringong lifestyle. The other influence on property demand are people looking to retire in the future, but getting their foot in the local market now. They will buy a home and lease it out for a number of years before they either renovate and move in themselves, or knock it down and build their dream home.” zestre.com.au
OWNER OF BUENA VISTA FARM Gerringong born-and-bred resident; has lived here with her own family for six years.