Some love big brash Bondi, others crave calm Clovelly

Some love big brash Bondi, others crave calm Clovelly

We’re a tribal lot. When it comes to eastern suburbs beaches, many couldn’t imagine living anywhere else but brash Bondi. Others prefer the harsh dumpers of Bronte. But for young families, Clovelly is often the ultimate.

Entrepreneur and former international rugby union player Tim McGann with his model wife, Georgia, are selling their recently completed four-bedroom home at 8 Clifton St, Clovelly.

McGrath agent Simon Exleton is getting some decent numbers through the property.

They’re attracted to the newly built home where everything works, the level 250 sqm block and close proximity to the beach.

There’s a double garage and off-street parking for a third — very rare in a street where you’re lucky to have one car spot.

And if you’re cashed up or got your finance organised, you’re in a good position.

“The numbers are out there, but everyone’s disappointed with their finance,” Mr Exleton said.

That said, for properties such as this one priced above $3 million, many buyers who are upgrading or downsizing have sufficient money behind them.

“Everyone’s had such a good run in last five or six years with a 70 per cent increase in home values, if its come back 10 or 20 per cent you can absorb those changes,” Mr Exleton added.

Maroubra is also coming onto many families radar, recognising that the suburb offers better value than the beachside suburbs to the north.

Phillips Pantzer Donnelly’s Christian West and Stephanie Bartlett have had a good response to Professor Les White’s five-bedroom, four-bathroom home on a 557 sqm block at 1 Torrington Rd, Maroubra, up for auction on February 23 with a guide of $3.2 million.

“We’re averaging 15 to 16 groups at opens in Maroubra,” Mr West said.

“We’re still finding the top end at around $3 million is really strong — days on market are lower on the $3 million market than the $2 million.”

And several homes are selling prior to their scheduled auctions, including 86 Holmes St for $2.3 million and another in South Coogee bording Maroubra at 15 Fowler Crescent for “well over” it’s $3 million guide.

“Both properties sold to buyers from last year, who missed out on previous properties,” Mr West said.

“So it’s a mix of competition left over from last year and new buyers coming into the market.”

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