- Nowhere in the Sydney property market has there been more gentrification than in its prime beachside areas.
Once, beach suburbs like Manly and Bondi were rough places, with high unemployment and a population making do with only the most basic of services and shops, says Justin Brown, chairman of residential projects at real estate marketers CBRE.
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The popularity of living by the beach means plenty of demand, with buyers ready to pay extra for that.Photo: Dianna Snape