Street records falls in a buoyant northern beaches market
Several street records tumbled on the northern beaches this month as buyers jockey for prestige property.
One luxury home sold for a massive $2.125 million above the previous street record. The owners of 5 Highview Ave, Queenscliff were on a plane to Asia when their real estate agent Michael Clarke, of Clarke & Humel, negotiated the sale of the luxury five-bedroom house for $7.55 million.
They got off the plane to discover Mr Clarke had thrown in their television as part of the sale but had also managed to get them an extra $1 million above their expectations. They told him their felt as if they had won the lottery.
But Highview Ave wasn’t the only northern beaches street to see a big street record set.
An architect-designed property at 13 Mons Rd, North Balgowlah took out the street record by an impressive $1.245 million. The resort-like home sold for $3,415,000, beating the previous record set back in 2016 of $2,170,000 for number 19 Mons Rd.
Michael Clarke was the marketing agent for that property too, working with Garry Greco, of Clarke & Humel.
“They really understood what a unique property this was,” Mr Clarke said.
“This is a classic example of three local families all identifying this was their dream home and doing their best to buy it.”
Bidding started at $3 million and all three buyers actively participated in the auction, that lasted only about five minutes, before the hammer fell, just north of the reserve.
Mr Clarke said the result showed there was still strength in the northern beaches market, particularly in the prestige end.
“In my 16 years as an agent on the northern beaches I have never seen more buyers with budgets of more than $10 million,” he said.
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The third new street record on the beaches this month was in North Manly where a five-bedroom house in Thomas St sold under the hammer for $3.1 million. The previous record for Thomas St was $2.45 million set in 2016 so the new street record is a full $650,000 higher and set in a so-called cooler market than three years ago.
The result was also the third highest sale in the suburb behind two prestige homes, west of Pittwater Rd and close to water at Queenscliff lagoon.
James Smyth, of Smyth Estate Agents, said the sale of 30 Thomas St was a great result for the area. The new owners are a young local couple who are happy with their purchase of the high-end property with its home theatre, gym, heated swimming pool and even a car stacker.
The fourth new street record on the beaches was in Wheeler Heights. Number 21 Derwent St sold at auction for $1.74 million — much higher than the previous record for the street of $1.35 million which was set in 2015.
Luke Shearer, of Belle Property Dee Why, said 88 buyers inspected the five-bedroom house with many people liking the cul-de-sac position and the privacy.
The new owners are a young family who had been looking for the right home since 2017.
“The market is a little bit tougher than it was,” Mr Shearer said.
“But we are seeing great numbers at open houses and seen a few street records for houses and apartments recently,” he said.
The northern beaches auction clearance rate for two weeks ago was 69 per cent based on 29 properties offered and last week the auction clearance rate for the northern beaches was 66 per cent based on 38 properties offered.