Newspaper article Coffs Coast Advocate (Coffs Harbour, Australia)

Record Sales Show Strength

Newspaper article Coffs Coast Advocate (Coffs Harbour, Australia)

Record Sales Show Strength

Article excerpt

IF you needed proof of the health of the Coffs Coast's real estate market, price records in two of our most exclusive streets in a matter of weeks is certainly everything you need to know.

The records have been set in Sawtell's tightly held Honeysuckle St and the equally sought after Macauleys Headland Dr.

According to RP Data CoreLogic, 9 Honeysuckle St Sawtell was sold by Barry France from Coffs Harbour Real Estate for $1.8 million.

The expansive two-storey beach house featured on the cover of the Real Estate Property Guide on March 26 and has been bought by Sydneysiders planning semi-retirement who were familiar with the area due to family connections.

Exclusive Honeysuckle St runs just behind the dunes of Sawtell's main beach. The previous street record had been $1.45 million for number 12 in 2014.

For those who covet the address, an opportunity to buy is a rarity; there have been just six sales in the street in the last six years and the current sale is the first since March 2015.

Barry France says it's easy to see why the street is so popular.

"You don't get through traffic on Honeysuckle like you do on Boronia; it's quiet compared with other parts of Sawtell like First Ave and Lyons Rd and it's tucked away with convenience of beach access at either end and a very easy walk to the village."

The $1.8 million sales result for 9 Honeysuckle St was just $100,000 less that the Sawtell residential record price set when 3 Boronia St sold at auction in January this year.

It's the third $1 million-plus sale for Sawtell this year; 6 Boronia St sold last month for $1.305 million.

Barry said the strong results in Sawtell were influenced by a number of factors.

"I think mainly though, the First Avenue shopping strip has really come of age in the last 18 months to a year with the theatre reopening. …

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