MONA VALE BEACH HOUSE WITH RARE DIRECT BEACH ACCESS HITS THE MARKET
This four bedroom coastal classic has been remade for modern living, delivering 270 degree ocean views and rare direct beach access.
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A beautifully renovated New South Wales home in a never-to-be-built-out location by the beach is on the market.
The property at 61 Hillcrest Avenue, Mona Vale, in New South Wales, has a price guide of $7.5+ million and is being marketed by Ray White Northern Beaches agents Emma Blake and Sasha de Bilde.
The property is set to go to auction on October 26.
Ms Blake said the “historic home” with direct beach access was set at the end of a cul-de-sac in one of Mona Vale’s most prestigious streets.
“The property is in a never-to-be-built-out position and there are large open plan living spaces looking out to Mona Vale Beach and beyond,” she said.
“The elevated position offers uninterrupted 270-degree views across Mona Vale Beach, the ocean horizon, and surrounding headlands – with expansive open-plan living spaces designed to embrace the coastal lifestyle.”
The home was once owned by local surf entrepreneur Shane Stedman, founder of Shane Surfboards and credited with popularising the Ugg boot in Australia.
Over the years, the property became something of a local icon – hosting several well-known guests, including Richard Branson.
In 2021, the home was purchased by Justin Riddett and his family, who were living in Singapore at the time.
Together with design firm Whitney & Co and Northern Beaches Constructions, the owners undertook a major renovation that transformed the home into a contemporary beachside haven while preserving its original character.
The four-bedroom, two-bathroom home features a high-quality build with thoughtful architectural enhancements, blending timeless coastal charm with modern functionality.
The renovation was led by Julie Fisk of Whitney & Co and Elliot Ryan of Northern Beaches Constructions, in close collaboration with the owners.
“From the outset, we wanted to honour the spirit of the home while elevating it to a new standard,” Mr Riddett said.
“The result is something truly special – a place where our family has thrived and connected deeply with the beach and community.”
While the family is ready to downsize, Mr Riddett said the lifestyle will be hard to leave behind.
“Most days the kids and I go to the beach after school – there’s no road to cross,” he said.
“For us, this house was about the kids, and I think it would best suit another family who can enjoy its location just like we have.”
The property’s location is unmatched – one of the few homes in the entire Northern Beaches with direct beach access and panoramic views, he said.
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Australia’s median advertised rent has climbed to a record high, with every capital city recording quarterly price growth despite a slight lift in vacancy rates.
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Australia’s rental market has reached a new milestone, with national median advertised rents climbing to a record $670 per week in the June quarter as prices continued to rise across every capital city.
New data from realestate.com.au shows national rents increased 3.1 per cent over the quarter and 6.4 per cent over the past year, while capital city rents rose 2.2 per cent over the quarter to a median of $690 per week, up $10 from the March quarter.
REA Group economist Luc Redman said rental price growth had continued despite a small increase in vacancy rates.
“National median rents reached a new high in the June quarter, with widespread price growth across the capitals,” he said.
“The rent increases occurred despite a small increase in the rental vacancy rate over the same period.”
Melbourne and Perth recorded the strongest quarterly growth among the capitals, with rents increasing 3.5 per cent in each city. On an annual basis, Perth led the nation with rental growth of 10.3 per cent, followed by Hobart at 9.1 per cent and Darwin at 7.7 per cent.
Sydney remained Australia’s most expensive city for renters, with a median advertised rent of $800 per week, while Melbourne and Hobart were the most affordable capital cities at $600 per week.
Regional markets were more subdued, with rents holding steady over the quarter but remaining 5.3 per cent higher than a year ago, suggesting the rapid pace of growth outside the capitals has eased.
Mr Redman said the full impact of the Federal Budget’s changes to investor tax settings was yet to be seen.
“The May Federal Budget, which announced sweeping changes to investor tax settings, occurred in the middle of the quarter, so the full impact on the rental market is yet to be seen,” he said.
“While the vacancy rate has edged higher, the expected decrease in investor demand due to the budget’s tax changes could slow the pace of new supply, putting further pressure on rents.”
The report also found house rents continued to outpace units, rising 2.9 per cent across capital cities over the quarter compared with 1.5 per cent for units. Melbourne was the only capital where renting a unit was more expensive than renting a house, reflecting demand for well-located apartments.
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