Northern beaches houses have been earning their owners more than $11k a week this year

Houses on the northern beaches have been earning their owners more than $11,000 each week this year, according to analysis by locally-based buyers agents.

And one beach suburb has seen its median house price grow by a whopping $25,000 each week this year. Demand for northern beaches houses was so high it had pushed the median house sale price for the whole peninsula up $290,000 in six months – the equivalent of more than $11,000 each week.

The new median house price for the northern beaches was now $2.21 million up from $1,920,000 six months ago and based on property data from PriceFinder. But some suburbs had really seen their house prices soar. Curl Curl’s median house price has soared by nearly 25 per cent, or a staggering $650,000, over the period, which is equivalent to about $25,000 every week this year,

Analysis of the following suburbs found six-monthly median house price growth of between 18 and nearly 25 per cent. Highlights include:

- Allambie Heights: median house price in January 2021 $1,800,000; in June 2021: $2,130,000; 18.3 per cent growth

- Curl Curl: median house price January 2021 $2,625,000; in June 2021: $3,275,000; 24.7 per cent growth

- Collaroy Plateau: median house price January 2021 $1,900,000; in June 2021 $2,300,000; 21 per cent growth

- North Manly: median house price January 2021 $2,100,000; in June 2021 $2,555,000; 21.6 per cent growth

- North Balgowlah: median house price January 2021 $2,270,000; in June 2021 $2,700,000; 18.9 per cent growth

Source - Realestate.com.au