Cottesloe Property Set to Break Records
A luxurious property listing in Cottesloe, Perth, has been priced at over $20 million, setting a new benchmark in the suburb. The price translates to $16,934 per square metre, exceeding the previous record by $2000.
This property features a north-facing orientation and offers proximity to the Indian Ocean and scenic parklands, enhancing its coastal living appeal. Luxury listings, like this one, drive growth in Perth’s prestige market, with affluent buyers seeking high-end properties with unique features.
As the Cottesloe property market continues to experience high demand, investors may find the area’s growth prospects worth exploring further.
Record-Breaking Property Listing
A record-breaking property listing has hit the market in Cottesloe, with a staggering price tag of over $20 million, setting a new benchmark for residential land in Western Australia.
This luxurious offering boasts unparalleled coastal living opportunities, with proximity to the Indian Ocean and scenic parklands.
With a price tag that translates to $16,934 per square metre, this listing exceeds the current record by over $2000 per square metre.
The property’s north-facing orientation, a highly desirable feature in real estate, further enhances its value.
The prospect of luxury amenities and unparalleled coastal views has generated significant interest in this rare opportunity, making it an attractive option for affluent buyers seeking a premier Western Australian property.
Cottesloe’s Luxury Land Offering
Cottesloe’s Luxury Land Offering is a rare gem in Western Australia’s real estate market, characterized by its prime location and unparalleled coastal views. This offering presents a unique opportunity for buyers to experience the ultimate coastal lifestyle, complete with exclusive amenities.
| Feature | Description |
|---|---|
| Location | Corner of Pearse Street, near the Indian Ocean |
| Land Size | 1181 square metres |
| Orientation | North-facing, highly desirable in real estate |
| Proximity | Close to parkland and protected ocean views |
| Development Potential | Rear access enhances views and potential development |
The property’s prime location, size, and orientation make it an attractive option for those seeking a luxurious coastal lifestyle. Its proximity to parkland and protected ocean views further enhance its appeal, making it a rare find in Western Australia’s real estate market.
Market Trends and Insights
Luxury listings like the Cottesloe property have consistently driven market growth in Perth’s prestige market. This trend is largely influenced by buyer preferences, with many affluent individuals seeking high-end properties that offer unique features and exclusive lifestyles.
Coastal living, in particular, has become a highly sought-after aspect of luxury real estate, with properties like the Cottesloe listing offering unparalleled ocean views and proximity to parkland. According to recent market data, demand for coastal properties remains high, with Perth’s prestige market experiencing notable growth.
As a result, listings in competitive suburbs like Cottesloe are becoming increasingly scarce, driving up prices and setting new benchmarks for luxury real estate in Western Australia.
Investment Potential Unlocked
High land values and unique property features are driving the investment potential of premium listings in Perth’s prestige market. This trend is particularly evident in Cottesloe, where a notable property is expected to set a new benchmark for residential land.
| Investment Factor | Potential Impact | Key Statistics |
|---|---|---|
| Land Appreciation | Long-term value growth | 6.6% quarterly, 23.8% annually |
| Coastal Development | Enhanced property value | Limited availability of large residential properties in Cottesloe |
| Unique Features | Increased property desirability | Rear access enhances views and potential development |
| Market Demand | High demand from affluent buyers | Perth’s prestige market experiencing notable growth |
These factors combined create a unique investment opportunity, with land appreciation and coastal development driving growth in Cottesloe’s luxury market.
Perth’s Prestige Market Boom
Perth’s prestige market is witnessing a significant surge, driven by the increasing demand for premium properties in highly sought-after suburbs like Cottesloe.
This boom is largely attributed to the allure of luxury amenities and a desirable coastal lifestyle. As the Perth median house price continues to rise, reaching $852,240 with a 6.6% quarterly and 23.8% annual growth, affluent buyers are seeking exclusive properties that offer a unique blend of lifestyle and luxury.
Cottesloe, recognized as a prime location in Perth’s luxury market, is experiencing high demand for large residential properties, with limited availability fueling the growth of the prestige market.
This surge in demand is expected to continue, with the Cottesloe property set to break records, further solidifying Perth’s position in the prestige market.
