Time for Developers to Build Larger Apartments

News Corp Australia covered the Dee Why Apartment Auction that 200 people crowded in to see.

There was an amazing auction held last Saturday, November 14 at 1/7-9 Clyde Avenue, Dee Why. Over 200 hundred people squeezed into the apartment, with 16 registered bidders. The majority of interest coming from 'downsizers'.

The interesting thing about this spacious, three bedroom apartment, one block from Dee Why beach is that it was built 24 years ago and offered for the first time by the orginal owners. For some time local agents have been encouraging developers to build larger units to cater for the ever increasing number of 'downsizers' who are moving from large family homes. The majority of two bedroom properties on the market are not big enough for them to move into. They are looking for a new home that will be lower maintenance but still large enough to be surrounded by their precious belongings, have a study or separate living areas plus a spare room for family or friends.

The Clyde Avenue apartment was particularly special enjoying a prized perfect north aspect, large terrace with plenty of living area and a double lockup garage. Vic Lorusso, pictured above, runs a fantastic auction and this one with so many bidders was superbly managed.

Read Kathryn Welling's article for News Local here.