In the Press: Pioneering Downsizers’ Dreams

Our property, The Malton, Beecroft recently featured on realestate.com.au for its suitability for downsizers. The Malton meets the demands of those looking to downsize, but with the same standard of living and without having to leave the area. Combining boutique living with a community feel is what many of our customers dream of.


THE demand for quality new villas and townhouses in the Sydney northern district is being driven by local downsizers who want to stay in the area and live in a single-level home with few strings attached.

McGrath, Hunters Hill agent Paul Cavarra is selling Savoca, a boutique villa and townhouse development in Putney, which has attracted older buyers who live locally. He said he can’t keep up with inquiries from local residents who own established houses on big blocks wanting to downsize to new local low-rise complexes.

“If you look at who came through Savoca on the weekend, it was all locals who own larger properties,” Mr Cavarra said. “Many of them have just started thinking about downsizing, and seeing these quality low-maintenance homes gets the ball rolling.”

Mr Cavarra said older downsizers avoided high-rise apartments. “Many people fear larger developments and they don’t want the add ons like pools and gyms that drive up levies,” he said.

Kevin Dearlove from Stone Real Estate, Beecroft is selling The Malton, an off-the-plan over 55’s development in Beecroft. Mr Dearlove said the luxury low-rise complex of 10 residences at 6-8 Malton Rd appealed to downsizing locals.

“They are looking for brand new, quality living where they can lock up and go,” Mr Dearlove said. “They don’t want to or need to downsize to multi-level apartments — they want boutique-style living in a small community, surrounded by people they know and trust.”

John and Bev Stanton knew what they didn’t want in a property when they embarked on their downsizing journey earlier this year. After many discussions around downsizing over several years the couple, in their late 70s, finally took the leap and sold their family home at 28 Frances Rd, Putney, in June.

They wasted no time after the sale, picking up a villa in the Savoca complex of four villas and one townhouse at 188-190 Morrison Rd, Putney. “When people ask, ‘Where are you going?’ I say, ‘About 148 steps from here’,” Mr Stanton said.

The Stantons moved from the inner west to Putney in 1972 and had no desire to leave their close-knit community. They also wanted to be near their children and grandchildren who live in Putney, Gladesville and East Ryde.

Mr Stanton has been involved with the Putney Tennyson Bowling and Community Club for 20 years and Mrs Stanton is a regular at the Ryde Eastwood Leagues Club aquarobic classes. Initially, they considered apartment living but decided it wasn’t for them.

“We didn’t want to live in a congested high-rise with lifts or stairs or in a property we would have to spend money on,” Mrs Stanton said.

Their checklist also included easy access to the village shops and buses. They bought a villa with three-bedrooms so Mr Stanton can use one as an office while the other is reserved as a spare bedroom for the grandchildren. The Stantons consider Putney one of Sydney’s best kept secrets.

“When we were younger the Parramatta River was a sewer and the park was a dump,” Mr Stanton said. “But the river has been cleaned up and it’s the most underrated waterway in Sydney. And the dump became a park and now it’s really something.”

This article was originally featured on realestate.com.au

In the Press: Luxury Lower North Shore apartments with a difference

Our property, Mera in Cammeray was recently featured on realestate.com.au as an ideal option for downsizers – without having to compromise on their quality of living. The luxury lower North Shore apartments are perfect for those looking to downsize as they offer a sense of classic, understated elegance, with beautiful views, spectacular kitchens and great security.


THE Lower North Shore is struggling to keep up with demand from the area’s downsizers, as the ageing population is forced to battle it out for little stock currently available.

Mosman, where 20 per cent of its population is made up of people aged over 60 is one of the most affected areas, with next to no developments happening. Belle Property Mosman principal Tim Foote said council had been struggling to keep up with demand.

“There is a lack of land that council is releasing to keep up with this sort of demand, which is a shame as they should be more responsive in this area,” he said.

Currently Mr Foote said the lack of suitable stock is causing downsizers to pay through the nose to secure something.

“We’ve seen apartments that don’t extraordinary sell well above the asking price, because there is not much out there for downsizers,” he said.

McGrath Mosman selling agent Jacqui Rowland-Smith said downsizers had been screaming about the lack of suitable accommodation.

“Along with young families, downsizers are the largest buying group in Mosman. We had 150 groups recently inspect a Military Rd apartment and the majority were downsizers,” she said. “Any property that is close to the village and is ‘small’ and has due-north facing is incredibly popular for downsizers. They want luxury apartments, but not enough is being built as not enough land is being zoned for apartments in Mosman,” she said.

Ms Rowland-Smith said the lack of downsizer properties has become such a concern that she has encouraged buyers to look to Manly or the Eastern Suburbs.

“If more luxury apartments don’t get built, more and more downsizers might have to look elsewhere,” she said.

Ms Rowland-Smith said not having enough land being zoned for apartments, was one of the key factors in the issue, especially around Mosman.

Downsizers Tom and Linda Greene said finding a suitable place move to on the Lower North Shore was hard to come by.

“The choices were certainly limited in the price/size/quality combinations that we were looking for on the Lower North Shore,” he said.

The couple are planning to move from a two storey Walsh Bay penthouse into one of the 14 two- and three-bedroom apartments on offer at the under construction MERA in Cammeray, which is scheduled to be completed in 2019.

“We were looking for something that would still allow us to maintain the same quality of living standards that our previous homes offered,” Mr Greene said. The downsizing couple were looking to downsize both in size as well as value.

“We loved the MERA development as having everything brand new and fresh was what we wanted,” Mrs Greene said.

This article was originally featured on realestate.com.au

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