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 rise after the new residential estate smashed reserves at the auction of six beachfront lots last Sunday.
A 787-square-metre block, lot 208, sold for $2.651 million — the highest price ever paid for a block of land at Cronulla.
Five other 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 at Cronulla, said 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, of McGrath Estate Agents, Cronulla, agreed Shearwater would drive up prices.
"I do, however, believe that infrastructure needs to be increased to support the increase in people living in the shire," Mr Berlyn said.
There were 40 registered bidders at the auction, which attracted more than 100 residents.
