Real Estate

East Sydney’s 10 most in-demand streets

Written by The ReReport
As seen in the Source link, written by realestate.com.au on 2019-06-26 13:03:26

More people are currently searching in the eastern suburbs than any other region of Sydney, new realestate.com.au data shows.

With plenty of superb beaches, an enviable location and idyllic coastal-urban lifestyle, it’s not hard to see why.

Prices in the region are also back to where they were three years ago, with a current median price of $1,520,000 – another attraction for buyers wanting to get into the coveted east.

The data shows that Paddington is one of the most popular areas of eastern Sydney: in a round-up of the region’s 10 most in-demand streets, based on average views per listing on realestate.com.au, five were in the leafy terrace hotspot.

Paddington is well known for its attractive Victorian terrace homes. Picture: Getty

“Many buyers are drawn to Paddington because of its heritage and period architecture,” says Kim Hayes, a real estate agent from Ray White – Double Bay

“It also offers a fantastic lifestyle – you’re near enough to the hustle and bustle, yet the leafy streets retain a sense of privacy and peace and quiet.”

Here are the 10 most in-demand streets in eastern Sydney.

1. Shadforth Street, Paddington

Shadforth Street currently ranks as the most popular street for prospective buyers in Sydney’s eastern suburbs.

The street’s median house price of $2.2 million attracts young professionals who like to brunch, shop and drink.

“Shadforth Street is a beautiful tree-lined street offering charming Victorian terrace houses and close proximity to busy Oxford Street,” says Hayes.

“It’s popular with buyers looking for period homes with original architecture and plenty of character. Many of the original sandstone cottages on this street date back to the early 1800s; most have been modernised yet retain their heritage charm.”

Bellevue Hill offers a fantastic waterfront lifestyle. Picture: Getty

2. Ginahgulla Road, Bellevue Hill

Ginahgulla Road features grand historic homes with long driveways, impressive swimming pools and period features galore. It’s also a stone’s throw from prestigious Point Piper.

With an average median house price of $6.5m, Bellevue Hill is home to some very wealthy Sydneysiders. Ginahgulla Road’s median house price is currently $6.3 million.

“Many of the homes on this street are on large blocks of land and set high, so they offer some amazing views of the city and Sydney Harbour,” says Hayes.

“Ginahgulla Road is also close to prestigious Scots College and Double Bay, which adds to its appeal.”

3. Cairo Street, South Coogee

Cairo Street may be small but it’s popular, thanks to its amazing sea views.

The exclusive enclave currently sits high in the top 10 because of two new properties that recently attracted a lot of buyer interest.

South Coogee is primarily home to established couples and families, and every house on Cairo Street is a short walk to the beach. The street’s current median house price is $2,375,000.

4. Victoria Street, Paddington

Running parallel to Oxford Street, Victoria Street is made up of period properties, which are smaller in size than the terrace houses found on Paddington’s more salubrious streets.

“The main appeal of Victoria Street is its close proximity to Oxford Street. Also, the properties are quite small, and so fairly affordable,” says Hayes.

Victoria Street’s median house price is currently $2,192,500.

Listed by Ray White – Double Bay, 68 Salisbury Road in Rose Bay was recently snapped up for $X. Picture: realestate.com.au/sold

5. Salisbury Road, Rose Bay

Salisbury Road in beautiful Rose Bay runs straight down to the water.

It’s a highly sought-after area, and yet with a median house price of $3.7m, is more affordable than nearby blue-chip suburb Bellevue Hill but offers a similar lifestyle.

“Salisbury Road is known for its large family homes and benefits from being close to the foreshore and good private schools – it’s a popular street with affluent families,” says Hayes.

6. Watkins Street, Bondi

Leafy Watkins Street is in a quiet residential area on the corner of Bondi Junction.

It’s lined with Victorian terraces and has a median house price of $2,225,000.

“Watkins Street is far enough away from the beach to avoid the crowds but is only an eight-minute car ride from the CBD. It’s popular with families thanks to nearby good schools, parks and decent transport links,” says Hayes.

Bondi real estate is a jumble sale of abodes from different eras, in various states of repair. Developers squabble over forgotten cottages sitting on prime real estate, while new apartment blocks spring up alongside beautiful old Art Deco buildings. The result is a diverse mix of real estate – and home buyers.

Some of lovely boutiques and tree-lined streets in Sydney’s east. Picture: Getty

7. Paddington Street, Paddington

Set high on a hill, Paddington Street is known as one of the most prestigious and leafiest in Paddington. It’s a bit further back from the hustle and bustle of Oxford Street, so benefits from being close to the action while still offering a ‘tucked away’ feel.

It’s close to Woollahra Village, plenty of art galleries, cafes, eateries and shops.

“Paddington Street is renowned for being a wide boulevard lined with large plane trees. Many of the large, grand Victorian terrace homes on this street enjoy north-facing aspects from their gardens and harbour views,” says Hayes.

Most properties on Paddington Street fall within the higher price range for the popular suburb and has a current median house price of $2,192,500.

8. Olive Street, Paddington

Olive Street is near The old Women’s Hospital and Fiveways, which has plenty of bustling cafes and shops.

Like Paddington Street, it is set high on a hill so many of the properties enjoy great harbour views.

The street’s median house price is $2,192,500.

9. Greens Road, Paddington

This is an arty and lively spot, thanks to its close proximity to UNSW Art & Design college and Sydney Boys’ High School.

“Greens Road attracts quite an eclectic crowd, and the mix of properties available are generally more affordable and within the median house price range,” says Hayes.

The median house price for the street is $2,192,500.

Mahon Pool in Maroubra is just one of the suburb’s many highlights. Picture: Getty

10. Lurline Street, Maroubra

Under a 20-minute drive from the city, with amazing beaches, plenty of amenities and buzzing nightlife, Maroubra is the perfect spot to work, rest and play.

The suburb’s median price of $1.8m attracts maturing independents.

Lurline Street overlooks the ocean and is a short walk to Maroubra Beach, and offers plenty of good-sized family homes.

* The data looked at the most in-demand streets for buyers in Sydney’s east on realestate.com.au for the three years up to 31 May 2019. Demand for these sought-after streets is defined as those with the highest average views per listing, per day. To meet the data requirements, these in-demand streets needed at least five listings onsite over the three-year period.