When we think waterfront, we often think of beach suburbs like Manly or Bondi.
Buying a house in these suburbs can easily cost you over three million dollars, something most people just can’t afford.
However, this doesn’t mean that a waterfront property has to be completely out of reach for you.
For buyers and investors looking for a more affordable region, the Sutherland Shire might be the ideal choice.
There has been mass development in the area over the past few years with new residential blocks and upgrades to public transport.
In recent months, the market has recovered from the downturn and activity is picking up.
Greg Calderwood, sales manager and director from Sanders Property Agents in Jannali, has said “It feels like the market has bounced back 15 to 20 percent to where it was, consumer confidence is back, buyer numbers are still fairly large, and competition is strong.”
1. Jannali – $958k
Just like in Cronulla, you’ll be able to find a modest selection of waterfront apartments in Jannali.
With the median unit price at about $689k, Jannali could be the perfect option for first home buyers looking to make the most of government grants.
It could also be an option for investors looking for a lower barrier to entry.
Houses are considerably more affordable in comparison to Cronulla with a median of $958k.
2. Bundeena – $1.03m
Bundeena is a small suburb in the Sutherland Shire that makes an ideal option for those wanting close proximity to the outdoors.
You’ll be surrounded by the Royal National Park and a number of different beaches.
You’ll find houses for similar prices as in Jannali with a median price of $1.03m.
3. Bonnet Bay – $1.1m
Last but definitely not least, Bonnet Bay is also located on the Woronora River.
Despite being in close proximity to everything you need, the suburb is filled with nature and is perfect for anyone who wants to enjoy the outdoors.
The median house price in Bonnet Bay is currently around $1.1m.
4. Woronora – $1.2m
Woronora is known for the pristine Woronora River that runs through the suburb.
You’ll find views throughout the area, even from homes that aren’t right on the waterfront.
The median house price is about $1.2m.
For a slightly more affordable option, the neighbouring suburb, Woronora Heights, has a median house price of $1.05m.
5. Cronulla – $1.9m
Cronulla Beach is definitely one of Sydney’s most popular and well-known beaches.
Though the median house price in Cronulla sits at a hefty $1.9m, the median unit price comes in at a much more affordable $791k.
With something on offer for every kind of person, Cronulla is popular with tourists, families, young professionals and retirees.
If you’re looking to buy or invest in a waterfront property but don’t want to dish out on a property in the Eastern Suburbs or Lower North Shore, the Sutherland Shire could be ideal for you.
It’s not too far from the Sydney CBD and has everything you need.
A few other suburbs that you could look into in the Sutherland Shire include Como, Oyster Bay and Maianbar.
If you’re looking at buying your next home or investment property here’s 4 ways the team at Metropole can help you:
Sure many of the property markets around Australia are performing well, but correct property selection is even more important than ever, as only selected sectors of the market are likely to outperform.
Why not get the independent team of property strategists and buyers’ agents at Metropole to help level the playing field for you?
We help our clients grow, protect and pass on their wealth through a range of services including:
- Strategic property advice. – Allow us to build a Strategic Property Plan for you and your family. Planning is bringing the future into the present so you can do something about it now! Click here to learn more
- Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $3Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney and Brisbane bring you years of experience and perspective – that’s something money just can’t buy. We’ll help you find your next home or an investment grade property. Click here to learn how we can help you.
- Wealth Advisory – We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you.
- Property Management – Our stress free property management services help you maximise your property returns. Click here to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years and our properties lease 10 days faster than the market average.
Guest author: Ellen Orton is the Head of Business Operations at OpenAgent.com.au, an online agent comparison website helping Australians to sell, buy and own property.