1/1-7 Canthium Way, Casuarina NSW 2487

1/1-7 Canthium Way, Casuarina NSW 2487
3-2-2 beachside townhouse | north-facing master balcony | direct beach access | double garage | mid-2000s coastal build The property is a three-bedroom, two-bathroom townhouse with a double garage, arranged over two levels for coastal living. A north-facing balcony is attached to the master, and timber flooring, high ceilings, and a powder room are included downstairs, an uncommon finish for its age. It is positioned about 200 metres from the surf beach, with direct pedestrian access and a quiet street set back from Casuarina Way. This configuration is best suited to owner-occupiers and downsizers, and is made practical for investors by pet-friendly strata and strong rental demand. It is regarded as one of the better-finished townhouses in the pocket, with a clear edge provided by its north-facing orientation and double garage. Price may be influenced by body corporate costs of about $1,100 per quarter and by the townhouse being held within a consolidated strata parcel. Attention might be required to finishes given the mid-2000s build age, though fresh paint and new appliances are already in place. Pricing may be supported by scarcity of direct beach access and the two-car garage. The trade-off between low-maintenance living and limited land entitlement should be weighed. >> Comparable Sales: 12/1-7 Canthium Way sold at $790k in 2021 | Property Price Band: $1.3M to $1.4M | Value Drivers: north-facing balcony, direct beach access, double garage
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/1-7 Canthium Way, Casuarina NSW 2487
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Casuarina NSW is a tightly held coastal market driven by established professionals and families seeking lifestyle properties. Tight supply and solid tenant demand underpin pricing. The median house price is $2.2m with a 5.8% annual compound growth rate; units median $1.1m with a 4.7% rental yield. Houses average 74 days on market. Over a decade, compound growth reached 11.3% annually, but the market is now above its long-term trend, signalling overvaluation. Unit prices slipped 2.2% in the past year, a constraint on further gains.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

2731m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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