Last year was a good year for the pint-sized, prestigious pocket of Clontarf.
Not only was the suburb’s sale record broken when 1 Monash Cres changed hands for $11.5 million, but there were two other sales north of $10 million. And another two north of $8 million, CoreLogic reports.
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All up, 40 properties sold in Clontarf in the 12 months to November 2018, an unusually high number for the suburb.
This has seen Clontarf’s median house price pass Manly’s $3.1 million to reach $3.3 million, making it the third most expensive suburb on the northern beaches, behind Whale Beach and Queenscliff.
While many other prestige suburbs around Sydney are now starting to see drops in median prices, Clontarf saw a 5.6 per cent growth in the 12 months to November, 2018.
This represents a five-year growth of 59 per cent.
Rents are also up in Clontarf, defying another Sydneywide downward trend. The median asking weekly rent for a house in Clontarf is now $1750, up from $1550 in 2017.
Jake Rowe, of Rowe Partners Real Estate, said Clontarf had bounced back after losing some of its lustre in 2008-2014.
“It’s a suburb that is in a great spot, so close to the harbour and still private and exclusive,” he said.
“It is great to see so much activity in the suburb now, there are new homes and renovations bringing a real buzz to the area.”
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Ready set, downsize on the water
Mr Rowe is currently marketing one of the best trophy homes on offer in Clontarf at the moment.
The architect-designed retreat, at 4 Linkmead Ave, has just about every luxury imaginable, from the wet-edge pool to the decadent sandstone wine cellar lined with glass fridges.
All of this showcases an interrupted, 180-degree Middle Harbour view that can be enjoyed from just about anywhere in the house.
The property also adjoins waterfront reserve and has direct beach access.
Other features include multiple terraces, covered wet bar/barbecue, Caesarstone island kitchen, home office, and garage.
The property is for sale by expressions of interest, closing 5pm, March 18, with a price guide of $8,000,000. For more information contact Jake Rowe, or Ben O’Brien, at Rowe Partners Real Estate.