The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1214 SUBURB WARS...FRESHIE & QUEENSCLIFF VS TAMA & BRONTE
Apr 09, 2024Season 26Episode 1214
Mark Novak, Billy Drury
Ever wondered why the Northern Beaches seem to resonate with a laid-back vibe while the Eastern Suburbs exude a more upscale flair? Our latest podcast, "Suburb Wars," takes you through the heart of this Sydney rivalry, with me, your host, drawing from my own experiences of living on both sides of the bridge. As we dissect the cultural and social fabric that weaves these communities together, you'll get an insider's perspective on the factors that influence everything from property desirability to the quality of education and local social scenes. This candid conversation promises to demystify the loyalties residents have towards their neighborhoods, and we'll even touch on how these affect day-to-day practicalities like transport and affordability.
Now, let's talk dollars and sense as we assess the real estate playing field. Imagine having the inside track on the value and performance of beachfront properties across Sydney's most desired coastal strips. That's exactly what we're bringing to the table. We take a magnifying glass to the market, scrutinizing the comparative worth of an exquisite property we're featuring on the Northern Beaches against its Eastern counterparts. This chapter isn't just about the numbers, though; it's a narrative of lifestyle, investment, and the subtle prestige associated with a postcode. Join us as we navigate these waters, where the vistas are as intriguing as the market trends, and discover whether it's the sun-soaked beaches of the North or the chic allure of the East that truly captures the essence of luxury living in Sydney.
Ever wondered why the Northern Beaches seem to resonate with a laid-back vibe while the Eastern Suburbs exude a more upscale flair? Our latest podcast, "Suburb Wars," takes you through the heart of this Sydney rivalry, with me, your host, drawing from my own experiences of living on both sides of the bridge. As we dissect the cultural and social fabric that weaves these communities together, you'll get an insider's perspective on the factors that influence everything from property desirability to the quality of education and local social scenes. This candid conversation promises to demystify the loyalties residents have towards their neighborhoods, and we'll even touch on how these affect day-to-day practicalities like transport and affordability.
Now, let's talk dollars and sense as we assess the real estate playing field. Imagine having the inside track on the value and performance of beachfront properties across Sydney's most desired coastal strips. That's exactly what we're bringing to the table. We take a magnifying glass to the market, scrutinizing the comparative worth of an exquisite property we're featuring on the Northern Beaches against its Eastern counterparts. This chapter isn't just about the numbers, though; it's a narrative of lifestyle, investment, and the subtle prestige associated with a postcode. Join us as we navigate these waters, where the vistas are as intriguing as the market trends, and discover whether it's the sun-soaked beaches of the North or the chic allure of the East that truly captures the essence of luxury living in Sydney.
Speaker 1:
Suburb Wars North versus the East. We should call them South. And we're talking about Bronte, we're talking about Tamarama, we're talking about Freshwater, we're talking about Queenscliff. The difference between the suburbs, which one's better and which one's performed better real estate wise, stay tuned. Performed better real estate wise, stay tuned. Oh, la, la, la la ah it's.
Speaker 1:
on whose side do you go for these days, given that you were, you're actually conflicts of interest dead in the middle but had some good exposure for 23 years to born and bred in all the beaches and had some good exposure 23 years to eastern suburbs, lived there, brought up a family whilst working on the northern beaches. So there's always been this banter. I'm talking, it's a thing, it's a really big thing this banter between you know the dark side of the bridge and you know northern beaches and and it's and and also it's been quite amusing seeing the, the, the performance of these suburbs as well, comparing them to northern beaches. Northern beaches, I think, is going to surprise you with what we give you. Yeah.
Speaker 2:
It is so funny you go to a friend's house in the east and they honestly think you live in Central Coast. When you tell them you live in DY, I don't think they realise. We're only about 26 minutes away with no traffic.
Speaker 1:
Well, you know what? So is Bronte and Tamarama.
Speaker 2:
Yeah.
Speaker 1:
Right, yeah, you know, the transport's not that good either. What about Western Suburbs? That's for another day. Yeah, absolutely.
Speaker 2:
That's for another day?
Speaker 1:
Yeah, absolutely, that's for another day, morning, ray. So tell us more, billy. What do you reckon?
Speaker 2:
Should we get to the numbers? Should we leave opinions on the side and just get to the numbers?
Speaker 1:
Yeah, look, I want to do opinions first. I want to entertain the good, the bad and the ugly because I think it's a really, really interesting, you know, from schools to shops, shopping to safety, to nightlife, to restaurants. I want to entertain it for a couple of minutes.
Speaker 2:
Okay, well, I'll tell you about the day in the life of a 20 year old on the northern beaches. I really enjoy a couple of things that our beaches has to offer. First and foremost, it is a beautiful part of the world. Transport's great access into the city's great local shops are great. There's nothing really here, apart from a train station that I feel witnessing compared to the east, and one of my favourite things is you can still get lunch for $13 in DY. I don't think you can do that in the eastern suburbs, yeah and suburbs.
Speaker 1:
Yeah, I think value-wise, like, let's face it, you'll get a train into Bondi Junction but you're not going to get it out of Tamar and you're not going to get it out of Bronte. As a matter of fact, if you're going to drive into the city, I think it'll be a similar drive going from Freshwater to Queensland into the city. I think it'll be a similar drive going from from freshwater to Queensland into the city. But I think the level of the one comment I do get from people that are from the east when they move to the northern beaches is it's more of a relaxed, casual atmosphere. Fact like undisputed.
Speaker 1:
It just is slower pace, but a better pace, a better pace you know.
Speaker 2:
So I think it's a bit you know who's cooler.
Speaker 1:
That would depend on who you ask for sure.
Speaker 2:
Sure you live. You live in freshie. I do, I, I love, I love freshie and I absolutely love the beaches. To be honest, when I go to the eastern suburbs, a little bit like fish out of water, a small fish in a big pond I, I don't really like it. I think everyone's a. I'm a little bit stuck up.
Speaker 1:
Really.
Speaker 2:
Yeah, it's like oh, I live in Bondi.
Speaker 1:
Woo. One thing that I found, living in the east as opposed to the north, was the levels of education appeared to be different. And what I mean by that is I went to Cromwell High School and I was I, you know grew up, got out of school. No one ever asked me what school I went to, nobody cared when. When I ended up in, when I ended up in the east for the next 20 odd, it was one of the first things that come up in conversation and people would say you know, people talk a little bit about you know where are you from, what do you do? And then what school did you go to? And I thought that was highly unusual because we never spoke about that. You know it was, but it's a thing. It's a thing. It's a thing.
Speaker 1:
And I think and I may be biased but it seems like the private schools. They're a hell of a lot more expensive, but it seems like the private school standard. You know, in the Northern Beaches you'll plug your kid into a public school, If not from primary, you'll do it from high school as well. That's what happened to me, Loved it. But it seems in the east you'll plug your kid into a private school. So I dare to say the level of education by default may be a little bit higher, because pain yeah, I think so, and I know I like what it brings.
Speaker 2:
I think it brings a really nice um community together, you know, and those, those school groups obviously stay a really tight, tight-knit group, which is yeah, they, they really do, they really do.
Speaker 1:
Um, let racers have a great day lisa's getting. And an old Novak family joke was when I first went over to the east before I moved out, it was like what school did you go to? I used to say grandma, and it sounded like grandma, it goes in Sydney boys, grandma. But I was saying chroma, chroma, chroma, chroma, chroma, chroma. Okay, now let's look at the um, the high level numbers, and let's, let's, let's, transpose this over to property. Um, so these cats and I do think COVID's been a little bit kind um to decentralizing. So, where people couldn't have done freshwater or queenscliff before, or they couldn't have done Bronte or Tamar before because the necessity of going to work long hours, working in the CBD, I think these four suburbs have really prospered since COVID.
Speaker 2:
Yeah, absolutely. We found a lot of people that only need to now work from the office maybe two, three days a week, have been able to make the move back and enjoy actually a lifestyle, suburb, so anywhere you know, up and down the coast, and I think it stretches beyond sydney. Just you know, in some cases as, uh, I've benefited from that move yeah, I think so um, but here's, here's the numbers.
Speaker 2:
Let's start with houses. So you can't see the bottom two colours. But we've got green is boonscliff and we've got the dark reddish colour. Very impressive, it's pretty impressive. It's pretty impressive.
Speaker 1:
So this is going to be a strong stat because these except for Queensgift Queensgift doesn't have as many houses in there, but it's more of a unit suburb. But that's a 10-year capital growth and what are my colours again?
Speaker 2:
So tamarama's leading at the top, yeah, followed by bronte yeah this is recent suburbs, and then under that you've got queenscliff and freshy.
Speaker 1:
Okay, so, uh, median price of five and a half six mil for the east and a median price of five and a half. Six mil for the east and a median price for the north of three and a half.
Speaker 2:
Yeah, it's scary how close they are actually in terms of the two eastern suburbs almost identical.
Speaker 1:
Yeah, they're both suburbs almost identical. Yeah, they've both really, really tracked. Now out of interest, percentile-wise, who's been which one's the red Tamar?
Speaker 2:
or Bronte. Yeah, tamar, so I've got the numbers here.
Speaker 1:
Yeah, well done, tamra. So I've got the numbers here. Yeah, well done, billy Bob. So who's had the most capital growth over 10 years? Don't get me wrong, I'm going off percentage-wise because I can see that they've all performed particularly very similarly. They've sort of tracked each other the whole way.
Speaker 2:
Well, bronte's done 170%. What In 10 years?
Speaker 1:
Yeah, that's double, and then 70% on top of that. That is massive.
Speaker 2:
Yeah, and Tamarama's done 177%.
Speaker 1:
That is nuts In 10 years. Okay, that's 10 years of performance, Irrelevant to the price. Just like ranking it on percentage. How's for?
Speaker 2:
Broke up a tad, there Got a quick comment. I'm often saying that these oceanfront, waterfront homes in the east are crazy. Good value, though, when comparing to the east. Yeah it's so funny. We're selling a property at the moment in the northern beaches on the clifftop and when you compare it to some of these million-dollar sales you see online, it's really good value and I think buyers are making that move.
Speaker 1:
Now we'll start to see the value all right, so sorry, I just cut out just then, I missed you. But um, so how do we go on the on freshwater and queenscliff performance, pulling it up now?
Speaker 2:
so that's um. That's impressive metrics for the east. Well done For the northern beaches. Queenscliff 147% no yeah.
Speaker 1:
Freshwater.
Speaker 2:
Freshie trailing closely behind 155%.
Speaker 1:
Yeah, right, wow, that's it guys. That is it, that is it and that is it. So what's Lisa going to say?
Speaker 2:
We just chatted about. When you look at both ocean fronts, whether that be on the cliff or that be on the beach the value for money you know, compared to what you get in the east when you're looking at the north, it's unbelievable.
Speaker 1:
Well, I think, in confidence, say from our graphages that there's almost double edge there. So your cliff tops, instead of your cliff top being seven and a half, eight and a half, it's going to be more like 15, 17 in the east. Anyway, that's the battle of the east and the north, that's a battle of freshwater versus Bronte and Tamar and Queenscliff versing each other. Any questions, anyone out there, throw them at us. We'll answer them at a later point. Billy, what do you got to say?
Speaker 2:
I think we might just have to accept that the East has got the edge on performance. However, if we're talking lifestyle, come and have a look at the North Boom See ya. Come and have a look at the North boom see ya.