Real Estate

saaes coastal markets hotter than ever

Written by The ReReport

Georgia Bone at her 160 Surfers Parade, Middleton home which is currently on the market. Picture: Tricia Watkinson

SOUTH Australia’s coastal housing markets are hot property, as real estate agents report a surge in demand for both regional and metropolitan beachside properties.
Harcourts South Coast principal Mark Forde said his agency had a bumper winter, with coastal properties proving popular among both local and interstate buyers.

ON THE MARKET: 51 Maidencombe Drive, Moana is a three-bedroom home on the market with Harcourts Packham for $630,000. It will go to auction on Saturday, November 17.

“We’ve had a record winter, it’s been on par with what we did last summer, and last summer was a great summer,” Mr Forde said.
“It’s been a really solid 2018 — traditionally the busy time has been from now through to Easter, but we’re really dispelling that myth. I think our market for a long time has been undervalued and people are just starting to recognise it for what it is.”
Mr Forde said the opening of the Fleurieu Aquatic Centre in March 2017, Aldi in December, Bunnings in August and a new Coles store coming by Christmas, had given the area momentum, attracting families and fuelling building activity.
“The paradigm has changed — people used to come down here to retire and it was seen as ‘God’s waiting room’, but it’s anything but now,” Mr Forde said. “The schools are overflowing … the South Coast is really on the move.
“We’re also getting good inquiry from interstate buyers who see it as great value.”

Mr Forde said coastal holiday rentals were also performing strongly. “We’ve got record Christmas bookings this year — our best ever — and our vacancy rates in our permanent rentals are probably as low as they’ve ever been,” he said.

On the market: 24 Brand Ave, Victor Harbor is on the market with Raine & Horne Victor Harbor. The three-bedroom character home is priced at $420,000.

Closer to Adelaide, Ouwens Casserly principal Nathan Casserly said the metro coastal market was performing well.
“It’s as good as ever and showing signs of constant improvement off the back of an increase in prices, confidence and liveability in that area,” he said.





“The marketplace has changed from a traditional spring and summer market to now being active through all the seasons because there’s just so much demand there.”
He said Henley Beach was a hotspot and the jewel in the crown of the Adelaide coast.
“The development and investment into Henley Square has attracted new buyers and holds those people and adds to their lifestyle as well,” he said.

Coastal market on fireGeorgia Bone at her beachfront Middleton home which is up for sale. Picture: Tricia Watkinson

Georgia Bone is selling her 160 Surfers Pde, Middleton home through Harcourts South Coast’s Kathleen Fry and said the area had grown significantly since 2001, when she had the home built.
“There’s a lot to see now so when the weather is foul, you can head into the town and see all the specialty shops, especially in Port Elliot,” Mrs Bone said.
“The bike track is also great — you can ride from our place to Goolwa, or to Victor Harbor the other way.”

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