More than 2000 people want a slice of Shearwater Landing at Greenhills Beach and that’s good news for the neighbours.
Real estate agents expect property prices around Wanda beach to increase after the new residential estate smashed reserves at the auction of six beachfront lots on Sunday March 15.
Lot 208 sold for $2.651 million — the highest price ever paid for a block of land in Cronulla.
A further five beachfront lots sold for between $2.2 million and $2.575 million — well above the price guide of about $1.8 million.
Real estate agent Luke Barbuto, of Payne Pacific Estate Agents, Cronulla, said the green space being opened at Shearwater for the community was an attractive selling point.
‘‘There’s been more than 2000 inquiries for only 160 blocks of land and some people might be impatient about waiting until 2016 to move in and want to buy now,’’ Mr Barbuto said.
Real estate agent Nathan Berlyn from McGrath Estate Agents agreed Shearwater would drive up prices in Cronulla.
‘‘I do, however, believe that infrastructure needs to be increased to support the increase in people living in the shire,’’ Mr Berlyn said.
The record price paid on Sunday was for a 787-square-metre block.
The chairman of the St George and Sutherland Shire division of the Real Estate Institute of NSW, Lene Mitchell, of Manson Property at Bangor, said Shearwater is the first ‘‘truly beachfront precinct to be created in metropolitan Sydney in the last three decades’’.
‘‘It will increase prices across the whole shire.’’
A spokeswoman for selling agents Savills said the winning bidder had been watching the development progress for many years and this had been a ‘‘dream come true for them’’.
There were 40 registered bidders at the auction, which attracted more than 100 local residents.
Shearwater Landing is being developed by Breen Property on land that was a sand mining site for more than 30 years.
On March 28, 44 hillside lots ranging in size from 560-square-metres to 1109-square-metres will go on sale.
