Waterfront Property

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Sydney has the highest prices for prime waterfront properties across the world, according to the new Knight Frank Global Waterfront Monitor.
Australia dominates the top five cities, with Sydney well out in front (89.3%), followed by the Gold Coast (64.1%) and Perth (53.2%).
Dubai (50.7%) and Paris (48%) round off the top five.
Michelle Ciesielski, Knight Frank’s director of research, said Sydney topped the charts because it has one of the world's best waterscapes.
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“From its iconic New Year celebrations to the starting point of the Sydney to Hobart yacht race on Boxing Day, residents are treated to expansive views of one of the world’s best waterscapes,” she said.
Prices for prime waterfront properties are on average 40% higher than comparable properties inland, Knight Frank's Global Waterfront Report 2019 suggests. 
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Liam Bailey, Knight Frank's global head of research partner said waterfront addresses are amongst the most desirable in the world, however not all prime waterfront properties are equal and the premiums vary depending on location and amenity.
“Our Global Waterfront Report 2019 found that being located alongside a harbour generates the highest premium of 59.1%," Bailey said.
"This is closely followed by beachfront homes which command an average uplift of 58.5%, with Sydney and the Gold Coast registering some of the highest uplifts for beachfront properties.
"River and lakeside residences are on average 36.8% and 32.7% higher, respectively.”
Bailey said new-build beachfront properties are in high demand in both Perth and Dubai as developments, such as the Palm Jumeriah in Dubai, provide prospective buyers with the opportunity to access the lifestyle and amenities waterfront properties are renowned for.
“In Paris new-build opportunities are scarce so waterfront residences are typically older high-ceilinged Haussman homes along the Seine. This is similar in Berlin where limited space for new-builds is expected to contribute to the increase in the premium waterfront properties generate, which currently sits at 28%.”
Click here <a href="https://www.propertyobserver.com.au/images/2018/12/20/Knight-Waterfront.jpg" target="_blank">to enlarge</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/20/Knight-Waterfront.jpg" alt=""> Source: Knight Frank
Prime waterfront residences in Sydney experience the largest uplift globally, according to Knight Frank Australia's head of residential partner Sarah Harding.
“Sydney sits in first place with waterfront properties generating an average premium of 89.3% (as at Q3 2018), when compared to similar properties located further inland without access to water. 
"Homeowners vie for the finest views of the Harbour Bridge and Opera House as it offers sprawling vistas of, and access to, one of the world’s best waterscapes.”
Harding said prospective buyers from all over the world search for waterfront properties, although there is particularly strong interest from the UK, US, Canada and Australia.
“Outside of the lifestyle and additional amenities a waterfront home provides, such as private moorings or jetties and easy access to numerous water sports, they are also an attractive opportunity for buyers as they are amongst the most liquid of properties.
“Even during a market downturn we see frontline waterfront properties remain in demand due to their position and scarcity. This sees them retain their value and also provide potential buyers with additional confidence in their future exit strategy should they need to sell.”
Knight Frank’s Erin van Tuil, partner of Crown Residences at One Barangaroo said developments such as the Crown Residences at One Barangaroo are creating a new benchmark for waterfront properties in Sydney and around the world.
"Each of the 82 six-star hotel-branded residences will provide expansive dual or triple aspect views over Sydney Harbour, from its iconic New Year celebrations to the starting point of the Sydney to Hobart yacht race on Boxing Day, making it one of Australia’s most prestigious residential addresses.”
 
 
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Sydney generates the highest premium for waterfront properties globally: Knight Frank

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The Gold Coast home of former Mantra CEO Bob East and wife Susan has been listed for sale.
East left the company he floated just a few days ago after the Accor takeover.
The Sorrento property was bought in Susan's name for $2.77 million in 2014 when they were upgrading from nearby. It was known as Riviera Lodge.
The 2370 square metre double waterfront block holds a 10 metre swimming pool, spa, adjacent cabana with outdoor kitchen and a tennis court.
The home has a 710 square metre floorplan and comprises five bedrooms, five bathrooms and a media room.
There's 23 metres of water frontage and nine metre pontoon facilities.
Michael Kollosche at Kollosche Prestige Agents has a $3,995,000 asking price.
East joined the Mantra Group in 2006 and was made CEO a year later.
Late last year he was named the Chair of Tourism Australia.
The property was owned by the former Rolls-Royce car dealer David Baird and wife, Marion in the mid-1990s.
This article first appeared in The Weekend Australian.
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Former Mantra CEO lists Gold Coast home after company takeover

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The $650 million Serenity Cove waterfront development in Queensland's Hope Island is slated for release following some $25 million spent on civil works development.
The 465-dwelling community set around an 18ha lake on a 75ha parcel of land is a joint-venture partnership between Malaysia-based multinationals Sime Darby and Brunsfield International Group.
Serenity Cove will comprise a mix of apartments, townhomes and freestanding homes, a mini-marina and a 3800sqm retail and dining precinct on Lake Serenity.
<img src="/images/2016/11/10/Serenity%2012751-44%208k%20RT-Hero.jpg" alt="">
Project manager Mark Mehr said Serenity Cove is the last development of its kind at Hope Island.
“It’s the ideal time to introduce this project to the market given that pent-up demand but also because it will deliver a mix of dwelling types to suit a wide range of lifestyles in an exceptionally beautiful setting,” he said.
"More than a third of the site (27ha) has been preserved as nature reserve while a further 10ha will become parkland, and just 19ha will be developed."
Colliers International national director, projects Tony Hymus said the development presented an opportunity at Hope Island that could not be replicated.
“This is the last piece of land at Hope Island that can accommodate a master planned community,” Mr Hymus said.
“Residential land opportunities at Hope Island are starting to dry up given that many of the long-term projects in the area are coming to their conclusion.
"Serenity Cove will offer buyers the chance to secure a waterfront residence within a spectacular community in one of the most prestigious residential areas of the Gold Coast.”
<img src="/images/2016/11/10/Render%201.jpeg" alt="">
Serenity Cove will come to the market as plans for the Hope Island Town Centre progress, providing the area with its long-awaited retail and business heart.
For more information <a href="https://serenitycove.com.au" target="_blank">click here</a>.
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