It may not be a suburb record but a $4 million sale has eclipsed any other for Merewether’s Curry Street.
The seven-figure sum was paid in an off-market exchange during the week and easily surpassed the previous highest sale amount for the street of $2.399 million, according to Australian Property Monitors data. That was paid for No.1 last December.
The $4 million sale of 30 Curry Street – a near new “high end” residence which has ocean views and featured a four-person lift – was brokered by agent Mike Flook, of Robinson Property.
The four-bedroom home, built two years ago, was bought by an interstate businessman relocating to Newcastle.
“The home is in that golden triangle of Pell, Curry and Janet streets, anything that hugs the back of the school there and is a block or two back from the beach,” Mr Flook said.
“What the purchaser appreciated was it offered privacy - not being smashed by the elements that you get right on the beach – and it is by far one of the best quality homes that he had seen, and he looked at several other that are currently on the market.
“For a build of that quality combined with position, location and what blocks with older homes are selling for in the immediate area, it will prove to be a sound investment for the future.”
Merewether continued to set the pace for property in the region last year with prices soaring more than 20 per cent on the previous 12 months and the suburb’s median rising to $1.38 million, according to APM sales data.
The biggest sale for the year was $5.05 million in May, when Mr Flook sold 107 Frederick Street, which attracted local, national and international interest.
The Frederick Street sale was on market but the Robinson Property agent said a number of sales in and around that exclusive pocket of Merewether were done off market.
“We’re working closely and tightly with professional people who have made it clear what they’re seeking,” Mr Flook said.
“This was an enquiry I received off a completely different property and everything he described was Curry Street and this one rose to the top of the pile.
“A lot of these people don’t make quick decisions. They’re looking for that right property and on the seller’s side, especially up in that bracket, they are private people and want to keep it low key.”
The record sale comes after a string of other new benchmarks set for suburbs in Newcastle and Lake Macquarie in the past six months.
Read more: Strong 2017 for ‘blue chip suburbs’
New price highs were set in Stockton ($2 million), Garden Suburb ($1.1 million), Adamstown Heights ($1.6 million), Hamilton South ($2.625 million), Lambton ($1.54 million), Kotara South ($1.09 million), Broadmeadow ($1.25 million) and Redhead ($1.6 million).
A Hamilton East home which hit the market last weekend will by far surpass any other sales in that suburb if it reached its price guide of $2.7 million to $2.9 million.
