Brighton remains Bayside’s “jewel in the crown”, with more sales in the seaside suburb than anywhere else in the municipality in 2018.
The elite ‘burb had 288 houses and 142 units change hands in the 12 months to September, according to CoreLogic data.
That’s more than any other suburb in the municipality, with Brighton East and Beaumaris closely behind.
Nick Johnstone director Nick Johnstone said A-grade properties in the suburb remained Bayside’s “jewel in the crown”.
A mansion at 4 Moule Ave, Brighton proved buyers were still willing to pay a premium when it sold $1 million above reserve for $6.1 million, he added.
“It’s arguably one of Brighton’s best streets, with easy access to the bay,” Mr Johnstone said.
“It was a competitive auction with four bidders.”
CoreLogic data shows 210 houses sold in Brighton East, which had the second highest number of sales in the 12 months to September.
Beaumaris followed, with 142 houses changing hands.
Hodges Sandringham’s Angus Graham said the new Beaumaris Secondary School was a major drawcard for families.
“As Brighton remains an expensive suburb, buyers will veer toward good alternatives, such as Beaumaris and Hampton, which still provide Bayside perks at a more reasonable price,” he said.
The market downturn meant more affordable properties, such as 1970s villas and units, had been popular in Brighton during 2018, Mr Graham added.
Brighton’s median house price dropped 15.7 per cent to $2.44 million in the 12 months to September, CoreLogic data shows.
WBP director Greville Pabst said it was a great time to break into the Brighton market. Buyers looking to secure a dream home were one reason why the suburb had remained popular despite the softer market, he added.
“Areas that are close to the beach and within proximity to local villages are performing the best,” Mr Pabst said.
“It’s because they are further away from the Nepean Highway and the industrial areas.”
The stylish four-bedroom property includes a resort-style outdoor area, including a 15m pool, spa, and deck with a built-in kitchen and wine fridge.
It has a price guide of $4.5 million and is for private sale.
SUBURB PROFILE: Brighton