![Cliffside and oceanfront properties are back in demand as buyers chase the ultimate view. Pictured is 405 Whale Beach Rd, which sold in December 2022 for $11.5m.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Cliffside and oceanfront properties are back in demand as buyers chase the ultimate view. Pictured is 405 Whale Beach Rd, which sold in December 2022 for $11.5m.
After Australia’s most expensive oceanfront home was snatched up for around $45m, there’s been a surge in buyers looking to secure their own cliffside paradise.
Cliffside homes are usually far more expensive than their waterfront counterparts as they are usually located in pockets with limited stock.
The property at 31 Gaerloch Ave, Tamarama broke the oceanfront record – selling for $45m.
These cliffside properties fetch a high price; as seen in the recent sale of the four bedroom bungalow at 31 Gaerloch Ave in Tamarama.
The previous record for Australia’s most expensive oceanfront property was broken by 9 Kenneth Street in Tamarama. The old apartment block of five units were sold to socialite Di Maloney for $29.2m in 2021.
The oceanfront record before that was $29m for James Packer’s bachelor pad on Campbell Pde, Bondi Beach, set in 2018.
Palm Beach is particularly notable for its cliffside properties selling for millions of dollars, with the most recent sale at 405 Whale Beach Rd going for $11.5m in December last year.
The property at 46 The Serpentine, Bilgola Beach is one of a few oceanfront properties with a swimming pool.
One of the most affordable oceanfront homes on the market right now is the two bedroom and two bathroom property at 24 Coast Rd at North Avoca.
The tightly held property is tipped to sell from $3m when it goes up for auction over the weekend and has been listed via LJ Hooker’s Matthew Farrugia.
Many of the potential buyers who inspect these properties are looking for a holiday house.
It’s listing describes the property as a ‘moonbench’, a term which refers to a location where you can see the moon rise over the water from the backyard.
Speaking to The Daily Telegraph, Mr Farrugia said the property had received a high volume of interest.
The cliffside home at 46 The Serpentine has been offered for sale for the first time in 40 years.
“The property has been well received, with in excess of 400 inquiries over the past six weeks. The appeal for this one in particular is the exclusivity in both its position and the limited clifftop opportunities in North Avoca.”
“With an expansive view, an ever-changing outlook and endless potential this property certainly has a ‘wow’ factor. We have seen a varying range of buyers, however most have been looking for a holiday home or owner occupiers looking to build their dream home.”
Bidding for the property at 3 Marne St in Vaucluse starts from $6m.
Another oceanfront home up for sale is the two bedroom property at 46 The Serpentine at Bilgola Beach.
It has been listed via LJ Hooker’s Angus Abrahams with a price guide of $5.5m and was designed by influential architect Harry Seidler.
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A view of the backyard of the Vaucluse home.
Offered for the first time in almost 40 years, the property is one of the few cliffside properties with an oceanfront pool.
Mr Abrahams said that the sale of the oceanfront home was the first on the street in almost 12 months.
“There is always strong demand for oceanfront properties on the Northern Beaches, these opportunities are few and far between.”
Oceanfront properties are usually located in tightly held markets. This is the case for The Serpentine, which hasn’t seen a sale on the street in almost 12 months.
“We have had strong interest from overseas buyers in Asia and the United Emirates, as well as from local developers and families looking for a holiday home.”
In addition to its views of the ocean, Mr Abrahams said that buyers had admired the property’s direct access to Bilgola Beach via a walking track.
Ocean views from the comfort of your kitchen …
“Since this property has been untouched for the last four decades, there’s a lot of development potential to be found. Oceanfront properties are captivating to own, the views are dramatic and constantly changing!”
International buyers from New York, Shanghai, Paris and London have enquired into the property at 3 Marne St in Vaucluse, with bids invited from $6m.
International buyers from New York, Paris, and London have enquired into the Vaucluse home.
Agents Aaron Del Monte and Alon Beran received over 2870 enquiries over the past few weeks, mainly appealing to builders and developers looking to purchase and build their dream home.
According to the latest PropTrack Home Price Index, national home prices continued to stabilise in April after rising for the fourth consecutive month, rising 0.14 per cent.
The cumulative increase in 2023 is now 0.75 per cent. Strong migration, tight rental markets and limited supply are offsetting the impact of rapid interest rate rises.