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18 Cove Avenue, Manly

18 Cove Avenue Manly 9

FOR SALE: 18 Cove Avenue Manly

4 bedroom 2 bathroom 1 car space

Price guide: $ 4 million +

Nestled along the water’s edge with a 30m wide frontage, this property has a commanding and unsurpassed view over Manly Cove. It is conveniently located in the prestige area on Manly’s Eastern Hill with easy walking distance to Little Manly Reserve, Manly wharf ferries and beaches.

The property occupies a 752 sqm level water frontage with a secluded street presence. Accommodation includesa palatial master bedroom with 180 degree water views. Two other double bedrooms have deep water front views and a third bedroom and a study includes original bathroom and separate shower recess and toilet. The living areas have French doors which open directly onto the sandstone water front terrace, pool and level lawns.

This property is up for auction onsite at 2.15pm on 16 April 2011.

Agent: Kingsley Looker of Cunninghans Property, mobile 0411 225 556

Best-value beach suburbs in Sydney

Maroubra beach 1
Maroubra beach, Sydney

Based on median unit prices, the following are the best-value beach suburbs in Sydney:

Suburb Dist from CBD km 1999 2004

2009

Cronulla 30 290,000 432,500 410,000
Dee Why 22 263,000 390,000 435,000
Freshwater (Harbord) 16 275,000 410,000 435,000
Maroubra 11 305,000 475,000 497,000
Narrabeen 22 307,000 484,000 500,000
Mona Vale 28 289,500 645,000 520,000
Balgowlah 12 350,000 485,000 530,000
Bondi 9 332,000 480,000 545,000
Bondi Junction 6 402,000 568,000 555,000
Coogee 9 309,000 507,500 580,500
Manly 15 395,500 605,000 600,000
Curl Curl 18 SNR* 562,500 613,750
Bronte 8 340,400 487,000 645,000
Clovelly 10 380,000 642,500 680,000
Tamarama 9 440,000 610,000 835,000

Source: Australian Property Monitors, April 2010    *Statistically Not Reliable

Related article

Property hotspots in Australia


Bronte beach

Bronte beach, Sydney

From a report dated 18 September 2009 by Matthew Liddy from Australian Property Investor Magazine, property hotspots across Australia are those where there is new transport, new infrastructure and high migration rates among other things. He has also advised that once a suburb is identified as a hotspot, it makes sense for investors to get in before the experts label it a hotspot.

Among the hotspots in Sydney, Bronte is the eastern suburbs is one of Australia’s most exclusive beach suburbs which have seen a significant drop in prices over the last year. Other hotspots include Haberfield in the inner west and Oatlands in the west of Sydney CBD.

Hotspots in Mebourne include Carlton due to its close proximity to the CBD and being close to Melbourne university, cafes and restaurants precinct. Kew in the east of Melbourne is the equivalent of Bronte in Sydney which has seen a significant drop in property prices.

John Edwards from Residex advise investors to cast the investment net wider in order to search for hotspots around the country. According to Edwards, Melbourne is set to perform better than all other areas in the east coast of Australia.

He singled out suburbs with a median price of around $350,000 to $500,000 will perform the best over the next 5 years based on existing economic scenario and forecasts.

Queensland has rode the property wave in Australia over the last few years and recovery from recent falls has been slower than the rest of the country. Manly in Brisbane’s east, located by the water is making up ground while prices in Newstead in the inner city is on the rise. Edwards has identified Carina, which is 7km from the CBD, as Brisbane’s top investment suburb.

In Adelaide, Peter Koulizos, known as the Property Professor predicts Torrensville as the suburb to watch. It is 3km from the CBD and is located between the city and the sea. Littlehampton in the Adelaide Hills has been identified as the best investment suburb.


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