FOUR properties on the waterfront at Lake Macquarie sold over the weekend, raking in a combined value of around $9.5 million.
A four-bedroom, three-bathroom house at 77 Excelsior Parade, Toronto sold at auction for $3.25 million on Saturday with Avery Property.
Set on a 1,240 square metre block and featuring a private jetty and a pool, the auction attracted two registered bidders before it sold to a buyer from regional Victoria.
The house becomes the second most expensive property on the street following the sale of number 27 for $3.75 million in 2019.
One suburb over, Mr Avery sold a spectacular waterfront home at 222 Skye Point Road, Coal Point at auction for $3.15 million.
Owned by former Lifeline Newcastle director Chris Liddell and his wife Cheryl, the property features a private jetty, boat ramp and two residences on the 1,420 square metre block.
There were two bidders at the auction with a buyer from Sydney taking out the top bid.
"He intends to relocate here because it's just too nice of a property not to," Mr Avery said.
"There was quite a lot of interest from people looking to buy the property and run it as an Air BnB with the two houses on the property, but it was such a spectacular position, someone really deserves to go and live there, and enjoy it.
"The views are sensational - probably the best on the lake that I have seen."
Mr Avery said the big auction results demonstrate that there is "always a market for good property".
"Whilst the [bidder] numbers weren't as strong as what they were six months ago, it really does demonstrate that interest from not only the Sydney area but elsewhere is coming in," he said.
"I have always said 'Good real estate is never cheap' because there is always somebody who wants it, whether that be someone local or from Sydney or elsewhere."
At 141 Brighton Avenue, Toronto, a 920 square metre block with a derelict house on the waterfront sold with David Westerman at Altitude Real Estate.
The sale price is undisclosed but it is believed to be in excess of $2 million.
The property is one of two lots on the block, with the second at 139 Brighton Avenue also selling last week for a price believed to be near the $1 million mark.
Mr Westerman said the two listings attracted strong interest, particularly the waterfront offering which sold to a local buyer.
"We were inundated with enquiry both local and interstate. I even had international enquiries," he said.
"The buyer plans to try to renovate the existing dwelling."
The buyer of number 139 also plans to renovate the existing home.
