Monday, March 22, 2010

Perth's most prestigious street is Cottesloe's Marine Parade


WHAT A VIEW: What you could expect to see if you lived in Marine Parade in Cottesloe. Picture: Kerris Berrington Source: PerthNow

Credit: PerthNow

IT has a world-famous beach and a renowned Sunday session. Now Cottesloe can lay claim to having Perth's most prestigious street.

The Sunday Times surveyed some of Perth's top real estate agents, asking them to reveal their top three WA streets, and Cottesloe's beachfront Marine Pde came out on top.

The title of Perth's top address is often debated in the property industry. One real estate advertisement claims Perth's "most exclusive and prestigious street" is Saunders St in Mosman Park, where mining heiress Angela Bennett's mansion recently sold for an Australian record $57.5 million.

Jutland Pde in Dalkeith and the South Perth Esplanade are contenders, but Renouf Real Estate principal Jayson Renouf said it was hard to ignore the views of Perth's best-known beach.

"The best thing about Perth is the beach and climate, and Marine Pde has to be the best stretch on the coastal strip," he said.

"The beach outlook is everything. You've got to be sitting on a boat to have a better view.

"Plus, you've got everything that is the Cottesloe lifestyle to go with it."

Mr Renouf said prices in the street started at $4 million for a small block and older, beachfront apartments could fetch as much as $2 million.

But anyone looking to move into Perth's newly-crowned top location may have to wait, because most residents put down deep roots.

"Some people have been there for 30-40 years and as you can see, it's a pretty hard place to turn yourself away from," Mr Renouf said.

"The only place to move to would be the river, but that's not quite the same. Once there, on that beach, you're pretty much at the top of the tree."

William Porteous, director of William Porteous Properties International, said Jutland Pde was a big draw for those who could afford it.

Two properties in the riverfront street are for sale - one for $18 million and the other $20 million.

"As Perth's population increases and more money comes in, who knows how much someone could pay for something in this street," he said.

With only the Swan River between it and the city, South Perth Esplanade was voted the best street south of the river. Jones Ballard Property Group principal Nik Jones said the street had always been desirable.

"There isn't going to be another street with only the river between it and the city," he said.

Other sought-after streets included Bindaring Pde in Claremont, The Esplanade in Peppermint Grove and Blackwall Reach in Bicton.

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