‘Portsea coastal stretch among Australia’s most popular streets (12 NOV 2018)
‘From clifftop mansions with $20 million price tags to humble $500,000 apartments, a wide range of buyers can own a home along Point Nepean Rd in Portsea.
That is, if they can get their hands on a listing.
The street in the millionaire’s playground is among the most tightly held in the Mornington Peninsula suburb.
Just four houses along it have sold so far this year and in the past 10 years to this November, only 13 apartments or units have changed hands, sales records show.
A prestige address, glorious vistas and beach access hold plenty of attraction for many people. Point Nepean Rd has all three.
Which is why the street is among the top 10 most popular among house hunters nationwide, new data has found.
The data is based on views per listing on realestate.com.au over the past three years to this September. Streets close to the water dominate the list.
“A lot of these areas offer quite good water views — Black Rock, Mt Eliza, Portsea, Brighton, and even Patterson Lakes,” realestate.com.au chief economist Nerida Conisbee said.
As for Point Nepean Rd, she said: “It’s obviously a luxury enclave filled with beautiful homes with water views.”
“An address here says I am close to the beach,” Kay & Burton Portsea director Liz Jensen said.
“It is a coastal road with homes on the cliffside or just across the road and buyers looking here like to be able to walk to the beach and not have to take the car.”
Homes on the cliff-face are the least likely to be listed and have prices starting from $6 million to above $20 million, Ms Jensen said.
Some of the peninsula’s most valuable homes are located on this stretch, TJ Sparks director Terry Sparks said.
“These are homes on the beachfront with direct beach access or back onto the water,” Mr Sparks said.
The top sale on the street so far in 2018 was house No. 3808 which fetched $13.8 million in April. `Rovina’ is a cliff-fronting residence looking over Portsea Pier and Weeroona Bay.
The early-1960s build used recycled materials from well-known Melbourne buildings and is styled like a Mediterranean villa with a design by renowned architect Geoffrey Sommers.
At the end of the scale, an apartment at No. 8/3765 sold for $600,000.’
Bayside
Coastal markets 2019
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