Realestate.com.au’s latest Market Trends report revealed Northern Beaches property prices are showing continued growth, with new data showing 11 suburbs now have a median house sale price of more than $3 million.
"The Northern Beaches' median house price is more than in other parts of Sydney, but it's as close to a sure thing as you can get in terms of property investment: close to the beach, close to amenities, low crime rate, and ideal for both families and professionals," says Steve White, consultant at Bellriver Homes.
The Market Trends report showed the northern beaches suburbs with medians over $3 million include Clontarf ($5.05 million); Palm Beach ($4.45 million); Queenscliff ($4.05 million); Clareville ($3.799 million); Manly ($3.752 million); Narrabeen ($3.3 million); Curl Curl ($3,262,500); Seaforth ($3.26 million); Balgowlah Heights ($3.2 million); and Freshwater ($3.1 million).
Leading the pack is the beachside suburb Whale Beach. It now has a median house sale price of $6,828,625, which represents growth of 95 per cent, based on 14 sales in the last 12 months.
"Land values in the Northern Beaches have increased substantially in recent years. The effect of this is dated homes in the area are often worth little more than the value of the land they're on. When that's the case it makes financial sense to knock down and rebuild. Locals to the area can check out our new Knockdown Rebuild Centre in Narraweena," says Chad Sandeman, CEO of Bellriver Homes.
To learn more about knock down rebuilds on the Northern Beaches, those interested can book a free consultation with a specialist from the Northern Beaches Knockdown Rebuild Centre.
SOURCE: Press Advantage [Link]
Knock down rebuild gives you the best of both worlds - the home of your dreams in the neighbourhood you cherish. A perfect option for those who love where they live but feel as though their home is rundown, or no longer suits their lifestyle.
August 23, 2021 – Northern Beaches Property Prices Showing Continued Growth