Property Watch: New waterfront record for Salamander Bay, Greta development hits market

A beachfront record of $3.6 million was set at auction last weekend for the sale of a home in Salamander Bay’s Randall Drive.

Chris Hasson, of Real Estate Friend, marketed the five-bedroom, four-bathroom residence with direct access to Wanda Beach.

It has an indoor swimming pool and spa, boathouse and stunning water views through floor-to-ceiling glass.

“It’s a beachfront record there, for that whole stretch,” Mr Hasson said.

“It’s the highest sale in the past eight years in the whole of Port Stephens, so it’s obviously set a new benchmark for the waterfront market.

“It was a strong auction with six registered bidders that were all bidding strongly, which is a demonstration of confidence in the top end.”

Mr Hasson ran a six-week marketing campaign and said interest was local as well as from out of town with a large portion from Sydney and a handful of international interested parties.

It was eventually secured by an out-of-town buyer.

“It was an amazing property and at the same time a very good result, which just shows the confidence in the market,” Mr Hasson said.

“In general, there are a lot of baby boomers exiting Sydney and we are getting a lot of interest, especially in more prestige properties. That’s been a general consensus we’ve seen, not only in this campaign, but through other top-end properties.”

According to Australian Property Monitors, the highest previous sale in Salamander Bay was $3.45 million for a property in Soldiers Point Road in 2015.

RURAL STORYBOOK

From seaside to the countryside, a five-bedroom “storybook” home on 2.35 acres in Bolwarra Heights ticks a lot of boxes, according to Natasha McElwaine of McElwaine Estate Agents.

She is selling 22 Willovale Drive through an expressions of interest campaign and expects offers north of $900,000.

The property is “in a really secluded pocket” of the suburb. The home is around 18 years old and overlooks an inground pool.

The first inspection is at 11am today.

SPACE AND SERENITY: This "storybook" home enjoys position on over two acres of land in a quiet pocket of Bolwarra Heights.

SPACE AND SERENITY: This "storybook" home enjoys position on over two acres of land in a quiet pocket of Bolwarra Heights.

NEW DEVELOPMENT IN MELVILLE ROAD

Park View, a new residential development located opposite Myers Park in Melville Road, Broadmeadow has hit the market.

It is being marketed by PRDnationwide Newcastle and Lake Macquarie and offers six “ultra-spacious” townhouses.

They range in size from two bedrooms with a study to three and four-bedroom homes with a choice of living and outdoor spaces.

The development has been designed by ELK Building Design and Space Design Architecture.

Prices start from $605,000 and range up to $810,000.

An artist's impression of new Broadmeadow development Park View.

An artist's impression of new Broadmeadow development Park View.

OPEN DAY FOR WYNDHAM RIDGE

An open day on Saturday will kick off sales and mark the completion of stage one of the $60 million Wyndham Ridge. It is the largest ever development in the history of Greta.

Iris Capital is behind the Hunter Valley estate, which general manager Craig Hibbard described as unlike any other development for the area.

“We respect that the township of Greta offers people the unique opportunity to be closer to nature, and Wyndham Ridge ensures people have space for trees, gardens, pets and a big shed if they want,” Mr Hibbard said.

“This isn’t like any other development. Stage one consists of 71 lots, with the entire subdivision comprising 248 lots.”

Prices for lots start from $190,000.

The open day is from 9am to midday and will include a petting zoo, jumping castle, balloon artist and face painting.