Sydney’s best waterfront opportunities for 2018
Date Posted: Jan, 2018
By Rich Harvey, Managing Director propertybuyer.com.au
Sydney’s cascading views across the open waters of our iconic harbour make a compelling vista for anyone searching out their next property deal. Unfortunately for most average wage earners, the idea of enjoying a lifestyle close to the very best our shorelines have to offer may seem out of reach. A look at our list of the city’s five most expensive home sales of 2017 puts this into sharp focus. The mega-rich are certainly enjoying the beaches in abodes that could grace the cover of the Robb Report.
But here’s some good news for the rest of us – there’s hope! One great advantage of calling our harbour city home is the shoreline extends well beyond the spaces between Dee Why and Tamarama Beach. If you’re willing to consider options a bit further afield than a jet ski ride to the CBD, there are enclaves full of terrific opportunities among some of our most sailable addresses, and they won’t necessarily set you back the price of private jet.
We’ve found five of Sydney’s most underrated waterfront locations with great growth prospects in 2018.
There was a time when wandering south of Maroubra would have been considered a dangerous prospect for serious property buyers, but such is the popularity of our city that smart investors and home buyers are now looking well beyond their old borderlines.
The Sutherland Shire has plenty of shoreline ready to enjoy, and real estate prices for some of its lesser known addresses won’t hurt your wallet.
Sure, a home with a dock will set you back over $4 million as a kick off, but with plenty of shoreline easy to reach via public access, why not look at suburbs a bit further back.
Yowie Bay, Oyster Bay, Kangaroo Point and Woolooware are areas inland from Port Hacking that are sure to please. For just over the $1 million mark, you can get yourself a four-bed, two-bath home within an easy stroll of the boat ramp. Given Sydney’s median price, that’s a very tasty prospect to be so close to the lapping waves.
North of Georges River
If you need to pull up short of crossing over to ‘The Shire’, then why not visit the north shore of the Georges and check out Oatley, Connells Point, Kyle Bay and Oyster bay.
Recent sales such as a two-bedroom unit in a well-positioned three-story walk up complex for $660,000 make for a reasonable buy in price. There was also a detached three-bedroom
Oyster Bay cottage within a hop step and jump of the shoreline which recently sold for $1.05 million. That should pique your interest.
There’s easy access to the airport for jet setting commuters too – so you’re never really far from home.
Eight kilometres from the CBD – that’s a pretty brief jog for some of us weekend warriors – you’ll find this gem area perched north of the city.
Seaforth, Castle Cove, Middle Cove and Castlecrag are highly priced for sure (or should that be “foreshore”), but slow down tiger and take a step back.
Killarney Heights and Roseville Chase are in the upper reaches of middle harbour, are close to the water and offer excellent value real estate.
Recent sales have shown you can purchase a whole lot of house at around $1.8 million, and given its extraordinary proximity to the big smoke, the potential for long-term upside is pretty strong for buyers with equity gains in mind.
Far Northern Beaches
When it comes to plumb property, the rule had been you get more bang for your buck by driving further out of town.
In the far northern beaches there are areas with smoking hot homes waiting for a new wave of buyers to take advantage.
Pittwater is besotting. There are absolutely beautiful properties throughout this area –with Narrabeen Lagoon providing another eye-candy view for owners wanting an outlook.
Elanora Heights and Wheeler Heights offer get great views and are close to Narrabeen Beach. Residents can then jump on the new the B-Line to the city and be amongst the very tall buildings in in about 50 mins. You’ll also be just 10 minutes drive from the new Northern Beachs hospital along the Wakehurst Parkway.
Recent sales show there are homes between $1.2 million and $1.5 million with plenty of space for the family, although there’s more bang for your buck over $1.5 million in these suburbs.
Winner, winner – Central Coast waterways
My top pick as a hidden waterfront enclave is Gosford.
The address is only an hour north of the city by road and areas around Brooklyn Bridge offer loads of opportunity. Houses on larger blocks and often with good scope to renovate and add further value.
For mine, the desirability of this region can only increase over the next two years. Best of all, you can stay below the magic $1 million mark and find homes close to the water.
If you’re a waterfront watcher who’s on a budget, don’t fret. Clever analysis by experienced professionals could help you land a dream location with a lot of upside at a price that will have your non-seafaring mates weed-green with envy.