23 Banksia Street, Ettalong Beach NSW 2257

Large 519sqm block | older local demographic | sold above current guide in 2025 | 50% owner-occupier street The property’s competitive edge is its land size on a street with balanced tenure, but the recent October 2025 sale at $1,300,000 creates a clear ceiling for negotiation, given the current guide sits below that figure. A 519sqm block with a shed and outdoor area suits a buyer seeking space for a family or future subdivision potential, though the older demographic in Ettalong Beach suggests limited local demand from downsizers or young families. The property best serves an investor or buyer willing to hold for medium-term capital growth, as the 3-bedroom median of $1,260,000 indicates the house is priced near market peak. The primary risk is the gap between the 2025 sale price and the current valuation of $1,080,000, which may signal a softening market or an overpriced guide. The 0% auction clearance rate and 53-day average days on market suggest slower turnover, so a buyer should factor in extended holding costs. The opportunity lies in negotiating closer to the valuation, then holding for 5-7 years to benefit from the large block’s scarcity. Use the property as a long-term hold or a renovation project to lift value above the 2025 sale point.