Real Estate

top end of the beaches and top tier continue to perform

Written by The ReReport

13 Catalina Cres, Avalon Beach sold for $490,000 over its price guide.

The top end of the northern beaches and the top end of the market are both performing strongly as cashed-up buyers pounce on lifestyle property.
The six-bedroom home owned by piano teacher Jen Cincotta in Avalon Beach sold for $490,000 over its guide at auction; a four-bedroom designer house in Avalon Beach has taken out the street record for Central Rd at $2.95 million and a two-bedroom unit in Avalon Beach has just sold for $1.27 million.

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My Home AvalonJen Cincotta at her home in Avalon, which just sold for $490,000 over its price guide.

Stephanie Hammond, of Shores Real Estate, said out of area buyers were buying into Avalon Beach for the lifestyle and buyers who didn’t need to borrow to purchase were out in force.
Jen Cincotta’s 13 Catalina Cres, Avalon Beach sold under the hammer for $2.44 million to buyers from Melbourne.
Number 49 Central Rd, Avalon Beach sold after just 12 days to buyers from the eastern suburbs for $2.95 million. Ms Hammond couldn’t confirm the price but she did say the sale was a new street record by around $300,000.
“In 2008 to 2010 the top end of the market was hammered, this time it is the bottom end and moving up,” Ms Hammond said.
“We still have some fuel in the market and sales are strong in the high $1 millions and $2 millions where buyers have more control of their finances,” she said.
freshwater block record.

Angus and Julia Stone used to spend time at Ms Cincotta’s Avalon home when they were younger. Picture: Jennifer Stenglein.

There was international interest in a two-bedroom unit in Freshwater last weekend with 12/69 Evans St selling for $310,000 over its guide.
Tim Mumford, of Stone Real Estate, said more than 50 people inspected the sixth-floor apartment which had a guide of $1.55 million and which sold at auction for $1.86 million.
Three of the bidders came from beyond the northern beaches, buyers flew in from Hong Kong and Singapore, and they loved the 85sqm terrace overlooking the beach.

“It is a huge block record and a great apartment price for Freshwater,” Mr Mumford said.
“As well as the new Harbord Diggers across the road and many new cafes and funky restaurants and bars, Freshwater is gaining international interest,” he said.

12/69 Evans St, Freshwater has a $1.55 million price guide.

Buying in collaroy basin

The last original cottage in the Collaroy Basin sold at the weekend for $2.81 million.
For years the home of the Playfair family, 2 Brissenden Ave was on the corner of Cliff Rd on 518sqm of land.
Josh Perry, of Belle Property Dee Why, said three parties competed for the four-bedroom cottage with most wanting to rebuild. The new owners are from Warriewood who intend to rent it out while they consider rebuilding on the site.
most viewed house in belrose
A single level home on a big block of land in Belrose was the most viewed house online in the State last week and on Saturday it sold for $1.055 million.
Karen Terry, of McGrath Estate Agents, said 21 Knightsbridge Ave was on 835sqm of land close to Belrose Public School. The block did have restrictions though with power lines over the back yard and limits on what could be built. calculated it was the fifth most viewed house nationally.

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