Residential golf communities are, surprisingly, no longer a novelty. Seachange shift’s – the move to coastal areas beyond the capital cities, is a modern and uniquely Australian term – though that’s changing. A sea-change can mean buying a holiday home or simply relocating to a beach community. The big shift in coastal property values didn’t really begin until early 2001, but by 2004, most coastal property within a 2 hour drive of the capital cities was already out of reach for most.
In hindsight we all should have bought coastal property 20 years ago. But for some of us, we can’t afford it.
So, like us, buyers eventually realised that they couldn’t afford a water view, and opted for living next to the open green spaces on the fairways. Golf real estate now accounts for an average of four percent of all new housing; some 25,000 blocks built or master planned since 1999, and with another 50 courses currently proposed 30,000 more homes will be created. Stonecutters Ridge, is going to allow 812 additional buyers the ability to live on or near a golf course. We’re of course one of these. Of course I’d love to live on the beach – who wouldn’t? But with the cost of living skyrocketing and Sydney being one of the most expensive cities in the world to live in, we got to do the next best thing. Megan and I have always talked about living on land, a ways out from the city, but when we had the chance to get in ‘early’ at Stonecutters Ridge, we jumped on it.
Whether you’re looking for a seachange (or in this case fairway change), or just a good place to invest, I think now’s the time. Many of these baby boomers that have opted for a seachange have already moved, but this trend won’t slow at least for the next 10 years.