According to a previous report, in Manly's apartment market the media prices has already surpassed the the $1 million mark. But the growth in Manly's apartment sector is only part of the soaring housing market of Manly. Even with the sky high prices, housing units get so much interest that they don't sit in the market for too long. But these investors might want to try out other locations like those near beaches. And it is a surprise that they may not be as expensive as the houses in Manly but they could be just as interesting.
According to Domain, Sydney's cheapest beachside location is worth a try. In Cronulla the average room may only cost $264 a week. With such figures, according to new data from flatmates.com.au, it is considered the cheapest in Sidney to rent a single room.
Dee Why, Newport and Maroubra also have available options that have access to the panoramic views of the ocean and the average price is $277 per week.
The other ten spots are and their expected weekly rents according to Flatmates.com.au.
1 Cronulla, Sutherland Shire $264.41
2 Dee Why, Northern beaches $276.71
3 Maroubra, Sutherland Shire $276.76
4 Newport, Northern beaches $277.05
5 South Coogee, City and east $284.53
6 Collaroy, Northern beaches $287.79
7 Freshwater, Northern beaches $292.68
8 Narrabeen, Northern beaches $297.45
9 Clovelly , City and east $305.30
10 Coogee, City and east $307.18
According to the CEO of flatmates.com.au, Thomas Clement, the beach suburbs are always very popular but last summer, the demand has spiked higher than normal. Clement said, "It comes down to the demographic of people living there, younger single people just like living on the beaches." He also noted, according to Domain, that the popularity of these areas may be attributed to its notoriety.
