A common discussion with clients – and amongst ourselves – is which side of Killcare is preferred, beach or bay. Many people prefer being located close to the energy of the beach and/or views of the ocean whilst others prefer the serene bay side views and/or being closer to the restaurants, cafes and shops. So this week we thought it might be interesting to see what the sales data tells us.
Methodology was to take the last 3 years of sales, ending September 2012, for all Killcare and Killcare Heights houses east of The Scenic Road and compare to those on the Western side in Killcare and Hardys Bay as far as Heath Road. Related party transactions were excluded. The results ?
So I think we have to conclude the beach side has, recently at least, been valued higher although there isn’t much in it.