The pandemic hasn’t deterred investors from seeking property in Avalon Beach despite the area becoming Australia’s COVID hotspot in recent months. The latest figures show that house prices in this Northern Beaches neighbourhood jumped to 22.4 percent in the last quarter of 2020.
According to realestate.com.au, Avalon’s new median house price has risen to $2.3 million from $1.885 million during the same time period in 2020. House trades reached 157 for 2020 to current, with more than a dozen deals closed in December when a virus cluster emerged in the suburbs and Avalon was under a tight lockdown.
Realtors think that Avalon’s response to the virus threat made it more attractive to prospective buyers as the community followed the rules, made responsible decisions and rallied to curb the spread for good.
Photo Credit: Google Maps
Thus, inquiries about properties in this beach suburb continue to attract buyers looking for a lifestyle home with an “increased sense of urgency,” according to James Baker of McGrath Avalon. Even the rental market is on the upswing as people look for space and properties in a less crowded neighbourhood whilst working from home.
Avalon has always appealed as a quintessential lifestyle destination. Now, people want to stick around and snap up a holiday home for a change in scenery.
Boat trailers not in use will no longer be permitted to park on the stretch of Barrenjoey Road in Avalon Beach. The Northern Beaches Council announced that this is one of the 11 streets in its jurisdiction which must comply with the new boat parking rule.
Last year, the Council laid out a trial run to prevent boat trailers from taking up parking spaces on busy streets. After six months, the trial run has become permanent following a successful result.
“We are getting an increasing number of complaints from residents fed up with trailers and boats taking up most of the parking next to playgrounds, parks, and fields and rarely being moved,” Northern Beaches Mayor Michael Regan told the press in a statement.
“The trial has resulted in the relocation of all trailers at the 11 designated problem areas with 30 per cent not returning to the area again and the remaining 70 per cent relocating to adjoining streets or nearby reserves,” Mr Regan added.
Aside from Barrenjoey Road in Avalon, below are the other areas around the Northern Beaches where boat parking will be permanently prohibited. The ruling is effective in March 2019.
The Council may add more streets to the initial 11 sites. Plans to set up a trailer parking permit and payment system with a third-party parking operator are also in consideration.
