Real Estate

Brighton had more sales than any other Bayside suburb in 2018

Written by The ReReport
As seen in the Source link, written by on 2019-01-05 15:38:53

2A Chelsea St, Brighton is for private sale.

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.

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Brighton had the most sales in Bayside last year.

Inside 2A Chelsea St, Brighton.

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.”

4 Moule Ave, Brighton

4 Moule Ave, Brighton sold for $6.1 million.

4 Moule Ave, Brighton

Four bidders pushed the price $1 million past reserve.

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.

18/495-497 Balcombe Rd in Beaumaris is for sale.

The apartment has views to the bay.

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.

2A Chelsea St, Brighton was one of the most viewed on this week.

The view from the townhouse.

“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.”

A waterfront property at 2A Chelsea St in Brighton was one of Australia’s most viewed properties on to kick start the year this week.

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.


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