Demand for Coogee Properties Strengthens

Coogee has always been recognised as one of the Sydney hot spots in the Sydney property market. It’s quite a diverse Real Estate market with properties ranging from $700,000 for a 1 bed unit & up to $10,000,000 for a seaside waterfront coastal home.

NGFarah have been established in the Coogee market for many decades and have noticed an increase in buyer demand over the last 6 months, whilst properties in Coogee have always been strong we have now seen buyer enquiry up to a new level, just recently we sold a property at 99 Beach Street Coogee on the19th November 2019. During the marketing campaign we registered over 300 enquiries, over 100 buyer inspections at our open houses on the day of the auction there were over 11 register bidders and the property sold for a record $5,440,000.

Also another record sale that was made  by our Coogee office on the border of Randwick & Coogee was a unit in Higgs Street which was purchased off the plan for $2,700,000 & recently sold prior to completion for $3,000,000 without any marketing. NGFarah have made numerous other sales in the Coogee market all sold for record prices and in record time.

Coogee has the benefits of one of the safest swimming beaches in the Sydney area, a 5 Star Hotel in the Crowne Plaza, the vibrant Coogee Pavilion owned and operated by Justin Hemms, Coogee Oval which is home to the Randwick Rugby Club and a host of quality restaurants and cafes all located in Coogee Bay Road.

With close proximity to the City and the airport it seems obvious that Coogee is a great place to invest or to live in.