18 Maroubra Drive, Cape Woolamai VIC 3925
18 Maroubra Drive, Cape Woolamai VIC 3925
3 bed / 2 bath coastal house | 547m² block | below suburb median | slower-moving lifestyle market | beach-town appeal
This property sits at the smaller-to-middle end of Cape Woolamai’s detached housing stock, which works in its favour for buyers seeking a manageable coastal footprint rather than a sprawling family compound. The 547m² allotment aligns with the street’s typical block sizes, and the configuration of three bedrooms and two bathrooms suits couples, small families, or holiday-home buyers wanting lock-and-leave convenience. Its estimated value sits below the suburb’s median house price, which positions it as a more accessible entry point into a lifestyle market defined by beach proximity and outdoor living. The property likely appeals most to owner-occupiers seeking a permanent coastal residence or investors targeting steady seasonal rental demand, given the area’s established appeal to weekender and holiday markets.
The property’s value may be shaped by its finish quality and renovation status, as the suburb’s price spread is wide and driven by presentation and layout utility. A dated interior or older build might cap its price relative to recently upgraded homes nearby, while a well-maintained or partially renovated condition could support a stronger outcome. The dual-level or single-level character of the house, along with garage or car accommodation and outdoor entertaining space, may also influence buyer perception. Market conditions appear moderate, with slower turnover and longer selling times, so patience may be needed when pricing or negotiating. Buyers should weigh the potential for cosmetic updates or functional improvements against the property’s solid land base and coastal setting.
Detailed Independent Property Report prepared by PropCred Analyst team for 18 Maroubra Drive, Cape Woolamai VIC 3925
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Cape Woolamai presents a softening house market, with median prices between $710,000 and $733,000 after annual declines of 5.4-5.9% and a quarterly drop of 4.3%. Demand is led by locally born buyers aged 40-49, predominantly tradespeople with certificate-level qualifications, likely seeking owner-occupied housing with acceptable rental support at $460 weekly for three-bedroom homes and a 3.6% gross yield. Conditions have lengthened, with houses taking 92-104 days to sell versus a regional Victoria average of 51 days, while sales volumes contracted 24.6% year-on-year to 46 to 64 transactions. The 69.4% clearance rate and weak price momentum indicate limited urgency. Future growth drivers are not evident from current data; the principal constraint is affordability and buyer hesitation, reflected in declining turnover and price adjustments, though the stable rental market provides a floor.
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PropCred Estimated Value
Comparable Sales: 35 Maroubra Drive sold at $1.4M (4 bed, larger home) | 5 Broadwater Avenue sold at $725,000 (6 bed, similar land) | Property Price Band: $600K–$700K | Value Drivers: land size, dwelling condition, beach proximity
Bedrooms
3
Bathroom
2
Parking
-
Land
547m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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