Property Development

Dee Why: Sky high sale brings suburb into focus

Dee Why: Sky high sale brings suburb into focus
Written by The ReReport
As seen in the Source link, written by on 2018-12-17 00:22:06

The Lighthouse Dee Why.

The opening of a new retail precinct in Dee Why has brought a surge in interest from residential buyers looking at the almost completed Lighthouse tower project.

In the week that the anchor tenant, Woolworths, opened in the new Dee Why town centre, along with a range of other high profile retailers and restaurants, Lighthouse’s sole penthouse sold, for $2.975 million.

The three-bedroom apartment sits atop the tallest building on the northern beaches, the 17-storey Meriton tower in Howard Ave.

This apartment has a north-facing terrace, two cars spaces and 140sqm of internal floor space.

A Meriton spokesman confirmed the penthouse had sold to an owner-occupier.

The Lighthouse Dee Why

The Lighthouse Dee Why.

Dee Why is fast becoming the new hub of the northern beaches, and with the Meriton development completed as well as restaurants and childcare centres and the latest stage of the Dee Why Town Centre revitalisation completed, Dee Why is a renewed suburb.

It now has multiple parks, a water feature, hanging gardens and planters, integrated public art and, of course, one of the best beaches around.

Dee Why was always central to everything but it now offers major supermarkets, fantastic cafes and restaurants — with more on the way — as well as many other businesses and apartments that are attracting new buyers by the day.

Dee Why’s population is 21,518 according to the Australian Bureau of Statistics and the median age is 36.

Warringah Mall is a few minutes’ drive away and the B-Line bus service means commuting to the city is a breeze.

The median unit price in Dee Why is $767,000 based on 503 unit sales over the past 12 months — 4.3 per cent down on last year.