A home that previously set Mollymook's price record is up for sale.
The four-bedroom, three-bathroom property at 15 Shipton Crescent, was sold in October 2021 for a cool $10 million, according to CoreLogic.
It has now been relisted with Atlas agents Michael Coombs and Lisa Cox.
The home sits immediately on Collers Beach and has ample entertaining areas, including open-plan living and dining.
A price guide has not been announced for the sale this time around. A four-bedroom, four-bathroom house in Jamberoo fetched $7 million in May 2024.
In September 2023, a four-bedroom, three-bathroom Barrack Point home sold for $6.8 million.
A six-bedroom, six-bathroom beachfront house was sold in neighbouring Narrawallee for $12 million in October 2023.
Has the South Coast decreased in price?
Many Canberrans remember the great post-COVID scramble to purchase land on the South Coast.
High demand and the off-loading of properties in tightly-held suburbs inflated prices in many beachfront locations.
Following lockdowns, the median value in Mollymook rose to $1.12 million in July 2022. Almost 50 houses were sold in the suburb that month, following a similar number of sales in January 2022.
The number of houses sold in the suburb has now subsided, to 25 in July 2024.
But despite a dip in median prices, with a two-year low of $1 million in July 2023, the market is still far exceeding what it was in July 2019.
The median Mollymook home would have cost you $600,000 then, compared with $1.1 million in July 2024.
Days on market for the suburb spiked in July 2022, with many top-end homes struggling to sell given tight purse strings.
South Coast agents told The Canberra Times at the time they expected some softening in competition if interest rates were to rise, leading to shorter sale times. That is now what we are seeing.
Huskisson - one of the South Coast's busiest locations - hit a peak median house price of almost $1.4 million in July 2022.
That figure was sitting at $1.2 million in July 2024.
The average days on the market for Huskisson was 120 in July 2024, compared with about 45 two years prior.
The Canberran hotspot of Batemans Bay is considerably cheaper than its more northern counterparts.
The median house price there peaked in July 2022 at $720,000. This figure now sits at about $650,000.
There was less variety in Batemans Bay prices than other suburbs, too, with just $140,000 between the top and bottom quarters of the market.
Median days on the market in this suburb sat at almost 160 in July 2024.
Will your Christmas holiday be more expensive?
Despite South Coast home values still being above what they were pre-COVID, the cost of a holiday in the area is starting to come down.
Holidaymakers were saving up to $127 a night on the South Coast compared with the year prior, data released to The Canberra Times by Airdna in January revealed.
The average daily rate for a holiday rental in Mollymook was $505 in January 2024, compared with $565 the year prior.
In Batemans Bay, 2024 prices sat at $455, up $32 from the year prior. But the 2024 rate was lower than 2022, at $460.
There was a slight rise in available holiday properties in most of these areas, including Mollymook, Mollymook Beach and Batemans Bay.
