But it also reflects strong levels of buyer interest, she added, noting that it ties in with other property search information that showed waterfront and views were among the top keywords searched by Sydney buyers.
Powell said many areas on the list were smaller suburbs with a limited supply of homes, which could increase demand for available properties. Only neighborhoods with a minimum of five listings in a three-month period were included.
“Obviously, there’s a lot of interest there, and they can be tough suburbs to break into because they’re smaller,” she said.
Buyer agent Henny Stier of OH Property Group said the north shore suburbs like Kurraba Point, Northwood and Lavender Bay were small and tightly closed.
“There’s not a lot of supply and they’re considered premium suburbs,” she said, adding that out-of-area buyers and local planners have often waited years for their dream home to hit the market in those areas.
Most buyers looking to these suburbs were executives and professionals, often upgrading to their third or fourth home, Stier said. Views or access to water were paramount for most.
“These are really your blue chip areas, with blue ribbon real estate that is out of reach for average buyers,” she said.
It was a similar story at Whale Beach, said Peter Robinson of LJ Hooker Palm Beach. Homes were well maintained, with a limited number coming to market each year, and even fewer than usual listings available in the last six to 12 months.
“So the ones that pop up are very wow…so there’s a lot of clicks,” Robinson said. “In the past, I would have said that it was a lot of sticky jobs or buyers…dreaming about what they could one day have, but saying that in the last 12 months, I have never had more buyers with more than $10 million to spend in this area.”
Demand also outstripped supply in more affordable Patonga, Robinson said. Both he and Whale Beach have experienced increasing interest from vacation home buyers and scalpers during the pandemic, as the rise of remote work has increased demand for lifestyle venues, particularly those still close to the city.
Meanwhile, suburbs like Vineyard and Carramar in the west of the city and Marsden Park in the northwest — where there are more than 300 properties on the market — had the lowest average number of ad views.