$85 million in sales: Shane Flanagan's daughter Jade among buyers in Woolooware Bay Town Centre

Shane Flanagan and daughter Jade at the sales day. Picture: supplied
Shane Flanagan and daughter Jade at the sales day. Picture: supplied

Sharks coach Shane Flanagan’s daughter Jade was a first home buyer at the first official first day of sales in Crest building at Woolooware Bay Town Centre on Saturday.

More than 90  per cent of the 118 apartments were sold off the plan, with sales totalling $85 million.

Project powers ahead: Artist's impression of stage three of Woolooware Bay Town Centre. Picture: supplied

Project powers ahead: Artist's impression of stage three of Woolooware Bay Town Centre. Picture: supplied

Agents said the result showed “the right product in the right area” could still do well in the cooling real estate market.

Ms Flanagan, 26 and a PA in an accounting firm at Sutherland, exchanged contracts to buy a two-bedroom unit on the fifth floor of Crest, looking across “Shark Park” towards Cronulla.

Shane Flanagan said his daughter was “stoked”.

On the Woolooware Bay project, he said, “The last couple of years have been important to the club, really important to the whole shire”.

“Jade’s really lucky to be able to buy a new apartment here,” he said.

“When it comes to advice I’m ‘gonna’ help her a little bit on the way.”

The family home is five minutes from the development.

“Dad’s been really good [with advice], I always go to him first,” Ms Flanagan said.

“I’m always down at the Sharks, and, now with these facilities, [including] the pool, I won’t need to go anywhere anymore.”

Developer Capital Bluestone said repeat local purchasers and friends and family of current residents led the sales.

A selection of two-bedroom apartments and just two one-bedroom apartments remain on the market. 

Crest, which is in the third stage of the development, includes 118 apartments, comprising 47 one-bedroom units, 65 two-bedroom, five three-bedroom and a penthouse.

The highest price paid was $1.8 million for a three bedroom, two bathroom and two carpark north-facing apartment on the 11th floor that has unobstructed views over the bay. 

The lowest price apartment sold was a one bedroom, one carpark apartment on Foreshore Boulevard which faces west. 

Advertised prices ranged from $615,000 for a one-bedroom, $840,000 for a two-bedroom, and $1.75 million for a three-bedroom apartment. 

Details for the penthouse have not yet been released.

Capital Bluestone Managing Director Ben Fairfax said the results meant the final two buildings of stage 3 – Links and Grove Terraces  – would  come to market before the end of the year. 

Ian Bennett, director of residential at Colliers International, said, “We are over the moon”.

“Given a lot of the talk around market changes, this shows that the right product in the right area can still do very well in the current market,” he said.