Pittwater Life January 2024 Issue

Hot Property
Hot Property
Word on street: Avalon
Beach officially ‘hot’
If you are planning on
buying property and on
the hunt for the next “hot”
suburb you don’t have to
look far with Avalon Beach
named as one of the 100
locations across the country
to watch.
Avalon Beach and Dee Why
were the only suburbs on the
Northern Beaches included
in the annual realestate.com.
au ‘Hot 100’, which lists 100
Australian suburbs that are
tipped to outperform in 2024
and beyond.
The list was compiled
by a panel of industry
professionals based on
several economic and
local growth drivers, such
as supply and demand,
population growth and
infrastructure projects, which
are expected to boost prices
in the short to medium term.
Avalon Beach was
nominated for its location
and amenity, while down the
coast Dee Why made the list
based on affordability.
Property prices along the
Northern Beaches pulled back
in 2022 after skyrocketing
during the pandemic, and
Avalon Beach has seen a 12
per cent correction in house
prices since the peak in
March 2022.
But according to LJ
Hooker’s Christine Mikhael,
the beachside village is now
at a turning point.
“Avalon has seen a rebound
STREET APPEAL: 71 George St, Avalon Beach (see panel story right).
in house prices with a 2.40
per cent increase since May,”
Ms Mikhael said.
“The suburb’s beachside
appeal and strong demand,
particularly from Eastern
Suburbs upgraders, should
contribute to price growth
over 2024.”
Young families who can
afford it are moving into
Avalon Beach in droves, with
a quarter of the population
aged under 20 – higher than
the state average, according
to PropTrack data and
economic analysis.
PropTrack director of
economic research Cameron
Kusher said that while there
were never any guarantees
which locations would
outperform, the Hot 100 list
gave buyers insights into
the thinking of experts and
what they believed were key
drivers of price growth.
“There are a lot of things
that make a suburb ‘hot’; it
can be in a desirable location
that drives more demand,
it can be undergoing
gentrification to make it
more attractive, it can be
relatively affordable to other
surrounding suburbs,” Mr
Kusher said.
“Of course, there are
always individual suburbs
and locations that will
either underperform or
overperform.” – Lisa Offord
Sneak a preview
You could be among the first
to view this contemporary
coastal home at 71 George
Street Avalon Beach, with
local LJ Hooker agent Peter
Robinson planning on opening
its doors for Auction Preview
Inspections from January 13.
Completed in 2021,
Robinson says the one-of-akind
home is meticulously
executed in design and finish.
The property is described
as “exuding bespoke
craftsmanship and a
captivating sense of refined
luxury, offering an open
connection that invites the
best of year-round living. Entry
level offers multiple formal
and casual zones, a dream
kitchen and dedicated home
office, while four bedrooms
rest on the upper level
including huge master and
ensuite. There’s a seamless
transition to both the front
and rear child-friendly
gardens, with all-season
alfresco entertaining, level
lawn and tiled in-ground
plunge pool.”
Other features include
reverse cycle multi-zone air
conditioning; high ceilings;
ample storage; Tesla power
wall system (fed by 19 solar
panels); 8000L rainwater
tanks for retention/detention;
huge double garage with car
hoist providing a third secure
space; internal access and
workshop; plus additional offstreet
parking for van, boat or
another two cars.
The home’s sustainable
architecture ensures it treads
lightly on the environment,
within an easy stroll to the
beach, the village, schools
and buses.
– LO
36 JANUARY 2024
The Local Voice Since 1991