dwell. on the Northern Beaches. 060820

05.08.2020 Views
Market Watch. Designer digs on Bynya Road Inquiries are coming in thick and fast for newly listed Koombahla, a Michael Robilliard-designed Palm Beach residence set on a 2370 squaremetre, north-facing block at 106 Bynya Road. Owners Bill Wavish, a former Woolworths, Myer and Dick Smith executive, and his wife Vonnie bought the property in 2009. “They used it as a family weekender and have loved it for many years, but the past couple of years they haven’t got up there as much,” selling agent Peter Robinson ong>dwellong>. on the Northern Beaches Edited by KATE FARRELLY from LJ Hooker Palm Beach says. “It’s one of the most asked-about properties this year with lots of different buyers interested.” The lavish six-bedroom home has proven a lucrative holiday rental, fetching up to $30,000 a week in the peak summer period. It Your FREE, independent guide to buying & selling property from Manly to Palm Beach Published every Thursday / Ask your agent about us! Publishers: Nigel Wall, Lisa Offord Contributing Editor: Kate Farrelly Advertising: info@ong>dwellong>.sydney Ph: 0438 123 096 (no texts) commands elevated ocean views over the beach to Barrenjoey Headland and Pittwater and there’s more than enough room to host a crowd inside or out. There are landscaped gardens, a heated pool and multiple terraces including a striking upper level terrace with curved timber ceiling. The curved timber also features in the dining room where you’ll fi nd a huge open fi replace and arched picture window overlooking the gardens. Robinson says the lavish accommodation is a defi nite magnet for buyers, but the real drawcard is the expansive, usable block, an unusual commodity in Palm Beach where many properties are perched on the side of a hill or 18 Martin Street Freshwater correction With three weeks remaining before the August 29 auction, 18 Martin Street Freshwater is generating good interest among young families and professionals. Luke Burgess from Belle Property Manly says inner city ong>dwellong>ers looking for a metropolitan seachange are among the buyers for the renovated four-bedroom home, which has a price guide of $2.8 million. (NB: Dwell incorrectly printed a price guide of $2.7 million in last week’s editorial pages.) W: ong>dwellong>.sydney Design: Craig Loughlin-Smith Printer: ACM Print Distribution: Fab Mor News among bushland. “The home is incredible but it’s the landholding that’s really drawing people to it, with usable grounds across the whole 2370 square metres,” he says. “It’s a genuinely unique landholding and you’d have to buy three titles to do it again, which is particularly hard to do, especially if you want the north aspect.” With a price guide of $7.5 million the property, jointly listed with Ray White Lower North Shore, will be sold via expressions of interest closing September 2. Gertrude Street is dishing up another P&O charmer Buyers who missed out on Namaka, the magnificent 1935 P&O home that set a Gertrude Street Balgowlah Heights record of $4.5 million in April, might like to take a look at the latest P&O offering. Kingsley Looker of Clarke & Humel Property has just listed 19 Gertrude Street with a decidedly more affordable price guide of $3 million. While it doesn’t quite claim the “height of the Heights” position of its neighbour, it still captures ocean views and boasts highly sought-after “nautical-deco” architectural style. “It’s had the same owner for the past 50 years and would have been built around the same time [as number one],” says Looker. “The position close to shops and transport is second to none which is why it’s such a coveted area. People who live there rarely move and the reason is it’s just so centrally located to all amenities but still offers a private street, which is a big tick for buyers.” Where Namaka included a ong>dwellong>.sydney Published by Word Count Media Pty Ltd ACN 149 583 335 Please recycle after reading Vol 1 #4 2 August 8, 2020 ong>dwellong>.sydney

The Stats. Records are falling in the Forest Ray White Killarney Heights is celebrating its best July turnover since setting up office in 2012, closing out many millions of dollars in sales and setting a new suburb record in Forestville alongside two new street records. Agent Brian Fairweather confi rms there is “absolute strength in the market”. “Where we are based in the Forest, we have very low stock and constant demand from people coming up from the lower north shore and inner west,” he says. “What that means is that prices have actually gone up in those suburbs over the past six months rather than going backwards like in some of the neighbouring suburbs.” Last week the agency sold 33 Currie Road Forestville to an overseas buyer for a street record of $1,689,880 after 16 days on the market. “It was like Disneyland at the open houses,” Fairweather says of the 114 inspections. “We had a queue out the front and each time two people came out we’d let two more people in.” A few weeks prior the agency made an even speedier sale, fetching a street record for 12 Fitzpatrick Avenue East in Frenchs Forest after just four days on the market. Fairweather reports a young north shore couple bought the home for signifi cantly more than the appraisal price after he conducted a marathon seven-hour negotiation between two keen buyers. And earlier last month agent Irina Bolshakova locked in a new record price of $2.95 million for Forestville with the sale of 83 Ferguson Street. Originally listed last November with hopes of around $3 million, Fairweather says the owners were delighted with the post-lockdown result. “The low supply we’re experiencing is typical for the winter months anyway, but people who didn’t buy when we were in lockdown are coming out trying to buy… a lot of them have sold and they’ve got cash ready to go.” While Fairweather prefers to run a “regular” marketing campaign for new listings, he’s been showing several properties off market for vendors nervous about COVID-19. He had four parties competing to buy 14 Athlone Crescent Killarney Heights, which sold off-market on July 23 for $2.117 million and he’s quietly showing a number of other properties by private inspection. Fairweather says he’s right behind Ray White’s current What are you waiting for? campaign. “It’s still an excellent market but it’s not a market I would play games in because we could be affected like Victoria and the market could close down,” he says. “I tell people if you’re trying to sell now take any offers seriously. And if you’re debating whether to sell now or in six months, there’s no-one saying we’ll have higher prices in six months.” palm-tree fringed pool and a manicured and gated front garden, number 19 swaps the pool out for a large entertainer’s deck on a smaller block of 686 square metres. The four-bedroom property comes with three bathrooms, two living rooms and a stone kitchen plus a tandem garage that could double as studio space. Northern Beaches Total sales *Week ending August 2 Median price for houses $1,852,000 Median price for units Houses: 26 (same Units: 31 (same $955,000 *Based on 12 months to August 2 time last year 54) time last year 73) Top reported weekly sales Houses $3.75 million 16 Daisy Street North Balgowlah $2.45 million 53 Woodbine Street North Balgowlah $2.4 million 9B James Street Allambie Heights Units $1,251,500 1/36 Hill Street Fairlight $1.25 million 2/14 Birkley Road Manly $1.22 million 3/68 West Street Balgowlah *As of August 2 CoreLogic Data August 2 ong>dwellong>.sydney August 8, 2020 3

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