A big uplift in sales in the Sharks development has boosted the real estate market in Sutherland Shire.
Agents for the Woolooware Bay Town Centre project, Highland Property Group, reported more than $10 million was taken in deposits and exchanges within a week on the latest release.
Group sales operations manager Luke Barbuto said interest in this and its other projects in the shire was "primarily from the empty-nester and downsizer market, keen to secure value as the market starts to settle".
Mr Barbuto said July was a record month for Highland Property Group, with 74 exchanges on properties.
"Local downsizers are making their presence felt, and are very focused on properties that will deliver convenience, but also that step up in quality of lifestyle," he said.
Mr Barbuto said post state and federal election enthusiasm was evident, with big lifts in inquiries across the agency's 35 shire projects.
"Luxury properties, with water outlooks and located close to lifestyle factors such as shopping, cafes or the beach, are experiencing a bump in inquiries," he said.
"Woolooware Bay, with its unique combination of a range of features like north-facing water and city skyline views, indoor, outdoor and rooftop pools, open air cinema, gym, lush landscaping, and access to its own shopping precinct, is a popular location.
"There is no doubt Cronulla is blessed with some amazing properties currently on offer, but very few projects outside of Cronulla offer water views, premium quality and lifestyle opportunities that Woolooware Bay does, for nearly half the price of those in Cronulla."
Apartments on offer are in stage three of the development, due to be completed in 2020, and stage four, scheduled for completion in 2022.
Stage four includes a new retail centre, hotel and redeveloped Sharks leagues club.
Prices for two-bedroom apartments range from $795,000 to $1.22 million.
Three-bedroom apartments are priced from $1.575 million to $2.4 million.
