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When you think of waterfront properties in Sydney, your mind often goes to well-known beach suburbs like Manly or Bondi.
But buying a house in these suburbs would cost you over $4.5 million – which is a price most people just can’t afford.
However, waterfront properties aren’t completely out of reach.
For buyers and investors looking for a more affordable region, the Sutherland Shire might be the ideal choice.
There has been mass development in the area over the past few years with new residential blocks and upgrades to public transport.
Here are the top 5 affordable waterfront suburbs to look at around Sydney.
1. Woronora – $1.46 million
Woronora is known for the pristine Woronora River that runs through the suburb.
You’ll find views throughout the area, even from homes that aren’t right on the waterfront.
Median sold prices over the last year are $1.46 million for houses, and, based on five years of sales, Woronora has seen an impressive compound growth rate of 18.8% for houses.
2. Jannali – $1.54 million
Jannali offers a modest selection of waterfront apartments and houses at a much more affordable price.
With the median unit price at about $802,000, Jannali could be the perfect option for first home buyers looking to get onto the property ladder.
It could also be an option for investors looking for a lower barrier to entry.
Houses are considerably more affordable in comparison to Cronulla with a median of $1.54 million.
3. Bonnet Bay – $1.64 million
Bonnet Bay is also located on the Woronora River and offers an idyllic waterfront lifestyle.
Despite being in close proximity to everything you need, the suburb is filled with nature and is perfect for anyone who wants to enjoy the outdoors.
The median house price in Bonnet Bay is currently around $1.64 million.
4. Bundeena – $1.85 million
Bundeena is a small suburb in the Sutherland Shire that makes an ideal option for those wanting close proximity to the outdoors.
You’ll be surrounded by the Royal National Park and a number of different beaches.
You’ll find houses for around $1.85 million.
5. Cronulla – $3.07 million
Cronulla Beach is definitely one of Sydney’s most popular and well-known beaches.
And the area has surged in demand recently, likely thanks to the sea- and tree-change shift which has seen Sydneysiders move to lifestyle suburbs.
Just 2 years ago the median house price in Cronulla was $1.9 million – today that has shot up to $3.07 million, giving a compound growth rate of 33.6% over the past 5 years.
The good news is that the median unit price for the area is significantly more affordable at around $980,000.
With something on offer for every kind of person, Cronulla is popular with tourists, families, young professionals, and retirees.
To recap
If you’re looking to buy or invest in a waterfront property but don’t want to dish out on a property in the Eastern Suburbs or Lower North Shore, the Sutherland Shire could be ideal for you.
It’s not too far from the Sydney CBD and has everything you need.
A few other suburbs that you could look into in the Sutherland Shire include Como, Oyster Bay, and Maianbar.
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