SYDNEY’S median house price of about $1 million will not quite get you a beachfront property in the Ulladulla area, but it will get you a substantial home just a street or so from the golden sand and blue water.
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There was the home at 12 Conjola Street in Ulladulla that sold for $930,000.
The five bedroom, two bathroom home is located opposite a reserve that leads down to the popular Coller’s Beach, with the landscaped 809 square metre property making the most of the location and fantastic water views.
However most homes in the Ulladulla area cost far less.
RP Data has put the median sale price for homes in the Milton-Ulladulla area over the past 12 months at $407,000, while in Ulladulla the median sale price for a house was holding steady for several months at $370,000, according to website domain.com.au
The median sale price for a unit was $300,000.
Cary Cox from LJ Hooker Ulladulla said there was “definitely an increase in prices across our area” driven largely by buyers from Sydney and Canberra.
“A lot of the buyers are coming from out of the area and purchasing a property then giving it to us to rent or for holiday rental, with a view to the owners moving in later,” Mr Cox said.
”There’s quite a strong trend for that sort of buyer.”
There was even strong demand for rural properties comprising a home on a few acres on the edge of Milton, with sales of rural property “probably the best it has been for a couple of years,” Mr Cox said.
Beachfront properties were generally priced at more than $1 million, but Mr Cox said $900,000 would buy a substantial home with good water views, or “a very nice rural property in Milton”.
That amount of money could also buy a nice home in Milton, Ulladulla or Mollymook along with a good investment property, or for less than $700,000 a buyer can get something like the three bedroom, three bathroom home in 784 square metres in Clyde Street, Mollymook, that backs onto the renowned Hilltop Golf Course and is only about 400 metres to the beach.
Ben Pryde from Raine and Horne Ulladulla said the winter had been busy in an “interesting market” with plenty of buyers, and lots of interest from investors worried about the cost and potential risk of buying into the Sydney market.
With more buyers than there were properties available, a lot of homes were selling before auction, including some “selling in a few days,” Mr Pryde said.
Even the top end of the market including beachfront properties priced at more than $1 million were selling well, often to people moving from Sydney who were selling their homes in the suburbs to live by the beach on the South Coast, Mr Pryde said.
Others chose to buy a home and an investment property around Ulladulla.
Recent sales around Ulladulla show a touch over $900,000 could have bought the stunning four bedroom, two bathroom home at 2 Silky Oak Avenue, Ulladulla, which went for $535,000, and the comfortable two-storey four bedroom ,two bathroom home at 4 Croft Avenue, Ulladulla, which sold for $380,000.