Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Newcastle Herald
Newcastle Herald
National
Jade Lazarevic

Sale of beachhouse sets a suburb record in Anna Bay, but for how long?

This property at 42 Ocean Avenue in Anna Bay has broken the suburb record after selling for $2.8 million. Picture supplied

PROPERTY prices in Anna Bay have reached new heights after a house sold for a residential suburb record of $2.8 million.

The seven-bedroom, four-bathroom property at 42 Ocean Avenue sold for the record-breaking with Ray White The Knaggs Group listing agents Aramis Pincovai and Tim Jurisic.

Ocean views from the balcony. Picture supplied

It topped the previous Anna Bay record by $200,000 which was set in September 2022 following the $2.6 million sale of three-bedroom home on the same street at 49a Ocean Avenue.

Mr Pincovai said the listing drew around 150 enquiries during the campaign, with a significant increase in buyer interest over Christmas when holidaymakers were in the region.

The house is positioned between Birubi Beach and Anna Bay rock pools. Picture supplied

"We had a lot of competition on the property in the last two weeks where we were inundated with strong interest from out-of-area parties," Mr Pincovai said.

"We had a contract race between three parties who were all Sydney-based.

The property comprised a house reconfigured into four separate units. Picture supplied

"People are looking up and down the coast for a coastal change or a holiday house which was the case for these buyers."

The house was reconfigured into two separate two-bedroom, one-bathroom units and there were two separate single bedroom units at the rear of the property.

The property comprised seven bedrooms in total. Picture supplied

"It had the ability to host holiday guests while simultaneously you could keep one of the units for yourself and use it at your leisure," he said.

"That made it highly desirable."

The location offered easy access to Birubi Beach. Picture supplied

However, the record could be short-lived with another property in Anna Bay tipped to fetch around $4 million.

The luxury new build on 10,000 square metres at 34b Port Stephens Drive in Anna Bay hit the market in later December with PRD Port Stephens listing agent Dane Queenan who hopes to finalise the sale in the coming weeks.

Large windows take in the view across the beach. Picture supplied

Mr Pincovai said the high level of interest in the Port Stephens region was driven by the affordability it offered and the upcoming expansion of Williamtown Airport.

"With the airport expansion and future promise of international carriers, Anna Bay is going to be one of the hottest suburbs on the peninsula, in my opinion, he said.

The property is split into four units. Picture supplied

Newcastle buyers agent Chad Dunn agreed the Port Stephens region was attracting rising levels of interest from out-of-area buyers.

"At the moment, I would say that 50 per cent of my enquiry from out of the area as a buyer's agent is coming for the Port Stephens area, particularly Anna Bay," Mr Dunn said.

Newcastle buyers agent, Chad Dunn. Picture Jonathan Carroll

"They seem more aware of the impact that something the size of an international grade airport would have on that area."

The median house value in Anna Bay is $1.03 million, according to CoreLogic.

- Readers can now subscribe to Australian Community Media's free weekly Newcastle Herald property newsletter.

The newsletter will keep you informed about what's currently making headlines in the region's real estate market and beyond.

To sign up, click here, scroll down, enter your details, click the 'property' box and then click 'subscribe'.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.