The property market in Kiama and surrounds has remained in demand during the COVID-19 pandemic, recording plenty of $2 million-plus sales.
For instance, a home backing onto the oceanfront at the most easterly point in Kiama recently sold for more than $4.5 million.
According to CoreLogic, during the past 12 months, there have been 75 house sales between $1 million and $2 million in Kiama, and 19 sales of over $2 million.
During the same period, there were 16 unit sales between $1 million and $2 million, and three sales of more than $2 million.
Terry Digger from First National Coast & Country said the "flood of money out of Sydney" was driving a lot of these bigger sales prices.
"It's the typical scenario of the COVID situation, with people wanting to get out of the rat race in Sydney," he said.
According to CoreLogic, the median sales price of houses in Kiama in June 2020 was $860,000, compared to $1,160,000 a year later.
The median sale price for units in Kiama as of June was $700,000.
There are current listings in Kiama which appear set to add to these higher-end sales and further increase median sales price figures.
Mr Digger is the co-selling agent for the 'Kove Kiama' development.
The 12-apartment complex is currently for sale off-the plan, and will be located at 10 Bong Bong Street, Kiama.
The site was formerly the location of Kiama Cove Motel, which has been demolished.
There have been some construction delays due to the pandemic, with the project's estimated completion date pushed back from August 2022 to early 2023.
The high-end apartments have beach and ocean views. Other features include an infinity pool and spa, and an on-site concierge.
Co-selling agent, Marnie Beauchamp from Marnie Beauchamp Property said the buyers so far had been mainly from Sydney, with a couple of local parties.
Six of the apartments remain for sale, with prices ranging from $2,204,000 to $3,950,000.
According to CoreLogic, in nearby Kiama Downs, the median sales price of houses was $841,500 in June 2020, compared to $945,000 a year later.
During the past year, the suburb recorded 29 house sales of between $1 million and $2 million, as well as three of more than $2 million.
Among Scott Douglas from Raine & Horne Kiama's current listings is 51 Johnson Street, Kiama Downs.
Set on 556 square metres, the five-bedroom, four-bathroom home has a price guide of $3,300,000 to $3,600,000.
Located on the high side of Johnson Street, the property offers surf, beach, Cathedral Rocks and headland views.
Mr Douglas said the property was opposite Jones Beach, which was one of the "real hot-spots" for homes in the area, particularly among buyers looking for a change in lifestyle.
"If you can get on Cliff Drive or that part of Johnson Street, they're triple the median price," he said.
"We just sold 119 North Kiama Drive for $2.4 million to a young family that's upgrading from the Gainsborough side, and they're going to build a new house on it.
"They're locals that want to get on the beach, have young kids, and be there forever."