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Buying a property in one of Sydney’s most sought after streets is not only a good lifestyle choice but also an excellent investment.
From water views and small coastal roads in Sydney’s eastern suburbs to semi-rural orchard-lined lanes in the city’s northwest, the latest list of top 10 most sought after streets reveal where every homeowner and investor wants a piece of real estate.
Unsurprisingly, realestate.com.au data on property search activity reveals that the Sydney streets which attract the most interest from buyers also have some of the country’s most expensive homes.
What is surprising is that none of the 6 richest postcodes in Sydney made the list.
Aside from popular high-value streets in the Eastern Suburbs, prestige streets of the northern beaches and north shore also made the list, while more affordable areas in the Hills District also gathered a lot of interest on online property listings over the past three years, the research shows.
10 most sought-after streets in Sydney
According to realestate.com.au search activity, these are the 10 most popular streets for property buyers in Sydney.
- Tivoli Avenue, Rose Bay
- Jane Place, Dural
- Pacific Street, Watsons Bay
- Caloola Place, Baulkham Hills
- Carrara Road, Vaucluse
- Pioneer Place, Castle Hill
- Milala Street, Newport
- Shellbank Parade, Cremorne
- Martin Road, Centennial Park
- Carters Road, Dural
Who’s on top?
Tivoli Avenue in Rose Bay comes out on top of the list as the most sought after street in Sydney.
The world class street is lined with large properties, most of which enjoy a panoramic view of Sydney harbour, the city skyline and Sydney Harbour Bridge.
The median house price for homes in Rose Bay is $3.75 million, but due to their sought-after nature, houses on Tivoli street fetch a significant premium.
The most recent property on Tivoli Avenue sold off-market at $12.5 million in September this year while two other houses on the same street sold for around $22 million in 2019.
Over in Sydney’s northwest in Dural, Jane Place makes records as the second-most sought after street.
The exclusive rural road has only eight properties, each of which are huge stately homes with an impressive amount of land.
Dural’s median property price is around $1.58 million, unless you live on Jane Place in which case the properties are worth more than double.
The most recent property sale on the street in May 2019 was made for $5.75 million.
Pacific Street in Watsons Bay has 42 properties, of which around 75% are owner-occupied, according to Domain Group data.
This year’s largest sale was a $4.4 million 3 bedroom house in May.
The property was originally purchased for $1.375 million in September 2000 which means over the holding time of 19 years, the property fetched an average annual growth of a whopping 6.09%.
Just last year the street also saw a huge $16.8 million property sale.
With such a large annual growth combined with exclusive postcode and Sydney harbour views, or direct water access, it’s easy to see why Pacific Street is so popular with real estate buyers.
Other streets where property listings attracted high buyer interest were the historic upper market homes in the tree lined street of Martin Road in Centennial Park and Carrara Road in Vaucluse which has impressive water views.
Caloola Place in Baulkham Hills, Pioneer Place in Castle Hill and Carters Road in Dural, all in Sydney’s north-west, also featured on the list of top 10 most sought after streets.
Meanwhile Milala Street in Newport on Sydney’s North Shore and Shellbank Parade in Cremorne on the Lower North Shore are also popular thanks to their exclusive and affluent neighbourhoods with beautiful beaches.
So what makes a popular street so popular?
The exclusivity factor
Streets with extravagant views in high-profile areas create a certain type of premium.
Combine this with tight supply and suddenly the street and its properties are very exclusive and we all know that by nature, everyone wants something they can’t have.
The noise factor
Popular streets are often well established in the best pockets of a good suburb.
They also have particular geographic features such as quiet streets away from busy roads, railway lines, flight paths and other negative features.
Well-maintained and manicured
Tidy, clean and well-maintained streets with good condition paths and roads make the street far more sought after.
Open and spacious
The most sought after streets are generally light-filled and give a sense of space and openness.
Unique but uniform Popular streets tend to be lined with a set of houses which each complement each other, which are reasonably uniform but each with its own character.
This side by side development was designed and built for a client, who like many of our clients, was time poor but understood the benefits on investing in high growth property in areas that out perform the market.
This build called for not only high-end selections, but also very specific finishes and attention to detail in order to delivery this duplex style investment property to a discerning market. 4x bedrooms, 3x bathrooms, gas fireplaces, multiple living zones, custom built American Oak stairs and flooring and outdoor kitchen.
Designed and built for investment, this side by side townhouse project ticked all the boxes for our client. Built in 10 months, following the planning approval process, this development was both designed and build to maximise both market and rental returns.
Build for a long-term repeat client, developments like this are our “Stock in Trade”. Having built in excess of 50x similar side by side developments, our team, processes, trade relationships and suppliers go a long way to the successful delivery of these projects.
Originally built in the 1960’s this cream brick block of flats not only undertook a significant makeover including new kitchen, bathroom, windows, new balconies and secure glazed foyer/entrance, we designed and obtained planning approval for an additional apartment within the under-croft carpark of the building. A 12-month project that completely transformed a tired and dated building into a modern and desirable investment property.
Frustrated with the process of a high-profile volume builder, we worked closely with the client to get the design just right for this luxury home client. The brief was for a modern, luxury family home to include 4x bedrooms, office, separate living area, both formal and casual entertaining areas and opulent swimming pool and alfresco space.
Our Sydney Buyers agent team helped a couple relocating from Melbourne to Sydney due to work.
Our clients preferred the Sydney Eastern Suburbs as they had a boat and wanted to get out onto the water but didn’t think they could afford a home close to the ocean and to the city, and thought they would have to live further out, but we surprised them with what we found.
We provided our client with the benefit of decades of research and analysis as we outlined why this particular property meets out strict search criteria. We secured the property prior to auction as our client wanted to avoid auctions.
We purchased this home which is approx. 3km to the CBD in the blue-chip suburb of Paddington in a quiet, tree lined street for one of our clients. It is within walking distance to all amenities and close to their work. The property has character and charm so they can live comfortably now but also provides a blank canvas and they can add value with future renovations.
We snared this property at a great price for one of our clients. The location was superb being around 6km from the Brisbane CBD in the suburb of Tarragindi. However we originally ruled this property out of consideration as it was priced around $100k over our client’s budget. Having originally gone under contract for close to that figure, the contract fell over and with the sellers needing to sell urgently and because of our strong relationship with the selling agent, we snared this property at around our client’s budget the very next day.
Bentleigh East, vic
We purchased this property for our client in the highly sought-after school catchment of Bentleigh East. The existing house was able to be tenanted while we undertook the next steps in the development process thus ensuring a holding income, prior to commencing construction. End product of two luxury townhouses is in demand from young professionals and downsizers seeking a low maintenance lifestyle, close to all amenities.
We found this property for our client in the blue-chip suburb of Preston in their required school catchment in a quiet, tree lined street. It is an easy walk to schools, parks and amenities. The property exudes character and charm and have engaged our renovation services to add their personal touches to an amazing new home.
We sourced a new Townhouse in a high growth location, east of the Melbourne CBD. Ignoring off the plan and larger complexes, we sourced a stylish and spacious property in a small complex of only 3. A larger land component and an element of scarcity adds room for superior growth over the longer term.
Melbourne, Paul & Valerie
Paul & Valerie were looking for a partner rather than just a service to invest in a new property. They feel that Metropole has helped them to ‘remove the blinkers’ and give them confidence to invest into a property development outside of their suburb and in fact in a different city.
Brisbane, Tim Jack
The team at Metropole helped Tim purchase a property in Stafford, Brisbane with a future potential to develop multiple properties.
Brisbane, Grace Judd
Grace tried to secure the right property herself, but then quickly realised how much time, research and effort it was costing her. What’s more she realised that there were simply parts of the property investment process that she did not know and understand. Listen how Grace shares her experience and what happened when she contacted the team at Metropole.
Kate is the National Director, Property Strategy here at Metropole. Listen how Kate gives you an insight into who can benefit from Metropole’s Property Strategy services & whether it is the right fit for you.
Listen to Mark explain about his role at Metropole & provide an insight into what drives the team at Metropole and how it is beneficial to you, the customer.
Most buyers agent are just ‘order takers’ with a focus on short term goals, without a consideration for your long term benefit. Listen to Brett explain why Metropole stands apart and how their trusted and proven suite of services can benefit you.
Buyers Agents were able to find a property where we could add value over the longer term, by developing the site. We purchased the property without the sellers or sales agent knowing it could be subdivided. By spending around $15,000 on the DA they would be sitting on around $50,000 worth of instant equity.
Our Buyers Agents were able find a site on the market where the agent, nor seller were able to identify the development upside. They were able to purchase a 726sqm site for $670,000 and spent $15,000 on approval for subdivision. The site would now be worth close to $750,000.
We purchased an investment grade 2 bedroom apartment for them in Leichardt in April 2009 for $358,000. The estimated appraisal as at August 2019 is $690,000 which is 9.04% average annual growth over 10.3 years.
We purchased an investment grade 1 bedroom apartment for them in Marrickville in May 2013 for $312,500 which was well below market value. The estimated appraisal as at July 2019 is $490K which is 9.33% average annual growth over 6.1 years.
We were able to assist our clients Laura and Binay and find them a home to which they could add value through some minor cosmetic upgrades which increased its liveability and “manufactured” around $30,000 of instant equity. Purchase price: $493,000. Upgrades: $17,000. New Value: $540,000.
We purchased an investment grade semi for them in Bronte in October 2016 for $1,992,000 which was well below market value. The estimated appraisal as at April 2019 is $2.5M which is 10.93% average annual growth over 2.3 years.
Our Buyers Agents were able to navigate and find a property where we could add equity with an immediate cosmetic renovation. We were able to assist them with the project management of the renovation and hand over to find a tenant. Estimated Equity upon completion of $45,000.
Holland Park West, QLD
Purchased in 2013 for $656,000 –these type of sites now attract a price tag of between $930,000 -$950,000. A gain of almost $300,000 in a flat Brisbane property market.
Sydney couple grow their asset base to one day achieve a level of financial independence and supplement their income.
Ibrahim and Rachel had reduced their mortgage and wanted to start to grow their asset base with a purchase in a high growth suburb in Brisbane.
Hawthorn East, VIC
These buyers had been searching for the right home with long term investment potential for over a year before they found our services.
We helped our clients break into the luxury end of the market and into a strong school catchment.
This family had been our clients prior, we helped them buy their first investment property. With their family growing having 6-month-old twins it was time to find their first family home. We secured this townhouse within walking distance to a station and access to good schools.
This 2-bedroom apartment in Randwick purchased in 2012 at $655K which is now worth $1M+. This is $345K in growth in 6 years for an annual growth rate of 8.89%.
We purchased this property for our investor client for $610,000 in March 2017 and the property was revalued in June 2018 for $700,000+. This was an increase of $90,000 which equates to an annual growth rate of 14.75%.
Bentleigh East, VIC
After reviewing our clients’ existing property portfolio and their finance options we formulated a property strategy to help them take their next steps.
We purchased the Coogee apartment in May 2012 for $485K and as at Sep 2018 is now appraised at $760K+ which is 9.58% average annual growth over 5.9 years.
Cannon Hill, QLD
We secured a property that ticked all the boxes in one of the best performing suburbs on the south side of Brisbane, close to good schools, shops and train.
Bentleigh East, VIC
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We secured this beautiful free-standing townhouse in the leafy suburbs for a young investor couple.
Vermont South, VIC
We secured this home prior to auction day for a growing family with no time to spare.
These first home buyers’ needed a property central to their work needs. We found the ideal home prior to auction.
This family needed access to high-quality schooling, so we found the ideal property in the right location for them.
Kangaroo Point, QLD
We purchased this home for our client on the door step of the CBD and the Brisbane River off market.
We purchased this home for a young family to renovate in their preferred suburb, in a high demand school catchment.
Metropole assisted young family by selecting a property strategy based on our 6 stranded approach and were able to show client both on market and off market opportunities. We secured a property that ticked all the boxes in a strong performing suburb on the north side of Brisbane, close to good schools, shops and train.
The property increased in value by $75,000 with 12 months which significantly outperformed the averages for this asset class in its location.
Croydon Park, NSW
We purchased this apartment in May 2014 for $415K which was well below market value. The estimated appraisal as at November 2018 is $ 590K + which is 9.19% average annual growth over 4.6 years.