Long Jetty secures NSW cheapest auction result

Long Jetty secures NSW cheapest auction result
Andrea DixonOctober 12, 2014

Sydney’s most affordable house to sell at auction was in Long Jetty on the Central Coast, 100 km north of the CBD, for $385,000.

Figures released by APM noted that the 1960s-built three-bedroom house at 50 Stella Street sold through LJ Hooker The Entrance.

The large, level site of 676 square metres is a short stroll to the beach and other local amenities. According to RP Data, it last traded in 1990 for $90,000. 

Figures on the database shows the median house price for Long Jetty in August was $473,000, which is up on the same time last year when it was $420,000.

Capital growth was more than 8% in 2013 for the area while the Median Rent was $380 a week. This would reflect a yield of more than 5% for an investor. 

A house on a sub-divided block of 338 square metres at 71/17A Stella Street exchanged earlier this year for $410,000.

The record price for the street is $565,000, which was paid last year for a three-bedroom house on 613 square metres at 115 Stella Street.

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