What Property Can You Afford To Buy In Avalon Beach?

By Jonathan Fletcher

Avalon Beach is an amazing place to live. It offers so much, for many different lifestyles.

I have been fortunate to live in Avalon as a child, a young adult – and after living and working overseas for many years – I now enjoy all Avalon has to offer as a family, with my wife and three sons.

In the local property market we are seeing a growing number of people from a variety of life stages moving into Avalon. From young families buying their first home, to retirees upsizing or downsizing. The coastal community, amenities and sheer beauty are attracting people of varied budgets.

It’s a good thing Avalon has a wide range of price-points, providing options of affordability.

According to September data from realestate.com.au, the median house price sits at $1,735,000, and the median unit price is currently $812,500 but Avalon has a wide scale of property prices, from ‘well-under-a-million’ to the ‘ten-million-plus’.

So what can you get in the 2107 postcode with the budget you have?

Below $800,000: plenty of Avalon units to choose from

As of September 2019, the median unit price is $812,500, which will buy you a comfortable and smart two-bedroom unit. But investors and first home buyers can still pick up a great entry-level pad for well under this amount.

Take, for example, this light-filled, two-bedroom renovated unit on Barrenjoey Road that sold for $650,000.

If you’re happy with something a little smaller this one-bedder on a sought-after street sold for $525,000 and comes with parking and great proximity to all Avalon’s amenities.

$800,000 to $1 million: the surprise package

At $800,000 to $1 million you’re unlikely to pick up a house in Avalon’s 2107 postcode, but you’ll get a sizeable flat with outdoor space or a courtyard.

Also, occasionally blocks of land come up for sale and if you dream about the possibilities of building your own home on the Upper Northern Beaches, this rare block of land just 600 metres from Bungan Beach recently sold for $860,000.

More than $1.4 million: entry-level Avalon houses and high spec apartments

$1.4 million is around entry level for a three-bedroom house in Avalon for families, renovators, and investors. An example is this home on Barrenjoey Road that sold for $1,325,000, or this cute three bedroom/two bathroom cottage just 300 metres to the beach, which sold for $1,495,000.

Downsizers looking for an enviable lifestyle could buy themselves a luxury apartment in a boutique development for seniors for $1,650,000.

$1.73 million: A classic Avalon home

So what can you buy for $1.73m, which is the current Avalon median house price?

For exactly $1,700,000 you could have bought this classic North Avalon home. A renovated four-bedder with charm, convenience and character, it has great family appeal and came in just under the median house price, and is fairly indicative of properties available at this price point.

$2 million to $4 million: the sensational family entertainer

If your budget stretches to between $2 and $4 million, you’ll find you can buy into a quality family home on a flat block of land with four or more bedrooms. It could even come with extensive views and be within walking distance of Avalon Beach.

A great example is 14 Watkins Road, a four-bedroom family home right near the beach which sold for $2.6 million and which offers views, a near level block and a stunning pool.

$4 million to $10 million: luxurious, private waterfronts

For $4 million to $10 million we’re talking about very exclusive properties with beachfronts, deep waterfronts, double blocks, private beach access, or a jetty/marina for direct boat access and mooring. Examples include 33 Marine Parade, which may currently be home to a rustic beach shack with two bedrooms but sold for $4.8 million due to the potential of its amazing cliffside location.

Closer to the $10 million mark, your money will buy a truly exceptional property in an exceptional location. For this amount of money, you should expect an architecturally designed home with special attributes such as waterfront, boathouse & jetty facilities, beachfront, significant water views, guest accommodation and extreme privacy – much like this stunning property I sold for $9.5 million at 26A Hudson Parade.

If you would like more info about the current market in Avalon and Palm Beach, what you can afford to buy or what your property is worth today, contact me on 0424 053 355 or email jonathanfletcher@mcgrath.com.au.

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