I have been researching this market on and off for the past year or so. The "value" proposition around collaroy, narrabeen, north narra. etc still surprises me. Large 4 bed homes with very close proximity to lake and beach, sitting on between 600 and 900 sqm of dirt, most with some water views of lake or beach, selling from around $1mm to ~ $2.5mm.
Had a look at a home on collary st. collaroy last weekend. Would take about 5 mins to walk to beach with the collaroy "village" almost on door step. House is on a sub divided lot of about 400sqm. Smaller than most on the street. 2 storey, 4 beds, some views of water...asking $1.1mm but I reckon, given the lot is smaller than a lot of other blocks the owners may off load at around $1mm or just under.
It still looks like good value to me. Such a home would sell for around 2 to 3 mill in eastern suburbs and I'm not sure the proximity to CBD is worth that much more.
Anyone know this market well or has recent experience in the area?
I have finance approved and am close to making an offer but it's big call. Any experience shared would be appreciated.
Had a look at a home on collary st. collaroy last weekend. Would take about 5 mins to walk to beach with the collaroy "village" almost on door step. House is on a sub divided lot of about 400sqm. Smaller than most on the street. 2 storey, 4 beds, some views of water...asking $1.1mm but I reckon, given the lot is smaller than a lot of other blocks the owners may off load at around $1mm or just under.
It still looks like good value to me. Such a home would sell for around 2 to 3 mill in eastern suburbs and I'm not sure the proximity to CBD is worth that much more.
Anyone know this market well or has recent experience in the area?
I have finance approved and am close to making an offer but it's big call. Any experience shared would be appreciated.