Sunday, 25 August, 2019

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Families eye stand alone houses on the northern beaches


The only freestanding house for sale in Balgowlah has just sold for a premium price.

Freestanding family homes were in high demand this week selling well over their reserve prices, selling quickly and selling with multiple buyers chasing them.

Agents observe that as the rest of Sydney sees more higher density living, the northern beaches is being seen as one of the few city regions where you can buy an affordable family home with a yard.

In Balgowlah just one freestanding house was for sale this month. Last Saturday it sold for a premium price with 11 parties chasing it.

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Elsewhere houses that had been on the market for months sold and CoreLogic is reporting that there are now more units than houses for sale on the northern beaches.

Out of area buyers continue to cross Roseville and Spit bridges looking for a house with a garden where they can raise a family.

Last weekend the northern beaches recorded an auction clearance rate of 90 per cent, higher than Sydney as a whole which was 82 per cent.

One of the quickest house sales this week was a five-bedroom house in Seaforth which traded for $3 million.

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The tri-level house in Seaforth that sold in three weeks.

Number 5 Magarra Pl, Seaforth attracted 64 groups through it in three weeks and a Mosman family loved the view, the rainforest walk and the multi-generational aspect of the property.

Maria Cassarino, of Stone Real Estate, said there was a lack of houses for buyers to choose from, several buyers were interested in the tri-level house and once one party offered the owners their dream price, it sold.

“We are thinking we are coming into the best market in the last two years,” Ms Cassarino said.

“There is a big demand for family homes up to $3.5 million,” she said.

There are more than 4000 homes in Balgowlah and 65 houses sold over the last year but for the month of August only one house was on the market.

Angus White, of LJ Hooker Balgowlah, said 45 Jackson St, was the only stand alone house advertised on the market. The property website realestate.com.au does have a freestanding property for sale in Balgowlah but it is operating as a medical centre and leased until 2021.

Auctioneer Jake Downs conducts the auction at 45 Jackson St. Balgowlah.

Families from all over Sydney are chasing a house with a yard.

Last Saturday the suburb’s only house available, an original cottage on 475sqm of level land, sold under the hammer for $2.22 million.

Eleven groups, almost all of them young families, registered to buy the three-bedroom cottage with original kitchen and outdoor laundry. Bidding opened at $1.75 million with one young couple jumping up at $50,000 a time.

The cottage was in one of Balgowlah’s best-regarded cul-de-sacs with a path to the North Harbour walkway at one end and the shops and cafes of Stockland Village at the other.

“Buyers from the Mosman and Cremorne area still think they are getting value here,” Mr White said.

Sold in Heath St, Mona Vale after coming to market at the beginning of the year.

Some of the houses which sold this week had been on the market for months. A four-bedroom house in the basin area of Mona Vale had been off and on the market since February.

Recent listing agent Simon Rawson, of Wiseberry Mona Vale, said the market had picked up pace just in the last couple of weeks with buyers more positive and feeling more confident of being able to borrow. Number 2a Heath St sold for $1.865 million to locals wanting a house in a good location.

“The price bracket of $1.5 million to $2 million is very popular for a family house,” he said.

Doug and Larraine Dickinson listed their Narrabeen home for sale in 2017 and this week sold it to a young family for $2.41 million.

Doug and Larraine Dickinson sold in Narrabeen to a young family.

The Dickinsons loved the position, privacy and peacefulness of their Walker Ave home – one house back from the lagoon and 400m from the beach.

The four-bedroom house also had an oversized swimming pool and a triple garage.

Joshua Perry, of Belle Property Dee Why, said the new owners were first home buyers who had been renting in Dee Why and who loved the area and the aspect.

He said Narrabeen houses are tightly-held and don’t transact as frequently as units.

“Houses don’t come to market as much as units, and often older houses on big blocks are converted into higher density housing … there are fewer houses being offered for sale,” he said.

Room for two families in this Allambie Heights home.

A two-storey house in Allambie Heights sold after two Saturday open houses.

The five-bedroom house at 115 Allambie Rd had been held for 37 years and configured for two families.

The older-style house sold for $1.65 million to a local family who has been looking to upsize for some months.

Anne Roche, of Parnell Partners, said the owners were pleased their much-loved home was going to another family, and a local one at that.

Ms Roche said a steady stream of young families from the upper and lower north shore were making their way to the northern beaches.

“They have outgrown their unit in Willoughby or wherever and can’t afford to step up to a house in their area, whereas they can on the beaches,” she said.

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