World famous Aussie coastal town that's up for sale – realestate.com.au – realestate.com.au

Stephen Nicholls, Property Journalist
First published 17 Dec 2023, 5:00am
78 Cyrus St, Hyams Beach has a guide of $7m, which would smash the hamlet’s record price of $4.8m if achieved.
It’s the stunning Aussie beach town that’s up for sale
World-famous Hyams Beach has had few homes for sale all year but now you can buy a yachtie’s beachfront, a TV presenter’s holiday house, a whaler’s cottage — even the local cafe!
You may even be able to pick up the former holiday home of an INXS rocker for a big discount.
Around 200km south of Sydney on the NSW South Coast, Hyams is said to have the whitest sand in the world and was recently ranked at No.10 on a list of the world’s 50 best beaches.
The handful of new, premium listings include Sydney to Hobart Yacht Race winner and TCI Renewables chairman Jim Cooney, who has the newly renovated Cyrus St residence he bought for $4m in 2020 up for sale with a $7m guide.
If achieved, that would smash the current $4.8m Hyams record of 2018, repeated two years later for another home.
Views to Point Perpendicular.
Jim Cooney won the Sydney to Hobart Yacht Race two times on Comanche. Photo by Chris Crerar.
The house is located right on the beachfront.
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Local agent Craig McIntosh, of The Holidays Collection, says that whereas most regional markets have seen price drops of between 15 and 20 per cent in recent years due to interest rate rises, it’s been “10 to 15 per cent” at “blue-chip” Hyams.
“It’s the Vaucluse of the South Coast,” he says. “Parking your money in Hyams is pretty safe, and a lot of people feel that way.”
Outside of peak times, when the trendy Insta crowd clogs “the whitest sand in the world”, the locals enjoy “the tranquility, the beach, and the no-through traffic” in the hamlet surrounded by national park.
McIntosh, who shares the listing of Coonan’s glamorous pad, featuring views of the beach to Point Perpendicular, new pool, kitchen, bathrooms (including a fifth bathroom) and floors, with Bill Malouf of Highland Double Bay, has already shown through several potential buyers.
“We’ve had multiple inspections, as we did a ‘quiet campaign’ initially,” he says.
“They’re mainly buyers looking to divide their time between Hyams and Sydney.”
Former Sunrise presenter Samantha Armytage with David Koch. Picture: Daniel Pockett
Her holiday home at 29 Cyrus St, Hyams Beach, has a $3.2m guide. It was bought for $1,765,000 in 2018.
He says there’s also “a bit of traction” with the holiday home of Seven’s former Sunrise presenter, Samantha Armytage, who has her Cyrus St digs overlooking Jervis Bay with McIntosh with a $3.2m guide.
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She’d bought the three-bedder for $1,765,000 in 2018 and has since updated it.
Buyers with smaller budgets could consider a historic whaler’s cottage — with one bedroom but DA-approved plans for a second bedroom — that has a $1.69m guide — or even the building that houses the local store and cafe, The Cooked Goose, with a $2.25m-$2.5m guide.
It’s the freehold that’s on offer rather than business, with the current operators three years into a 15-year lease, and McIntosh has Sydney investors interested in the $163,000 annual rent from the cafe and The Holidays Collection office. A two-bedroom apartment below would also be a popular holiday rental.
A historic whaler’s cottage at 57 Cyrus St, Hyams Beach, has a $1.69m guide.
Sydney investors are interested in the freehold of building housing the popular cafe, The Cooked Goose, with its guide of $2.25m-$2.5m.
21 Cyrus St, Hyams Beach, listed with hopes of $9m two years ago, now has a guide of $5m to $5.5m. It last sold for $2.32m in 2016.
Then there’s the five-bedroom former holiday home of INXS drummer John Farriss at 21 Cyrus St, sold for $2.32m in 2016 and renovated by current owners and with views to Point Perpendicular, Bowen Island and across Chinamans Beach.
It was listed with another agent two years ago with hopes as high as $9m.
Current agent Christina Pincevic of CMP Real Estate says she has New Zealand buyers keen at the revised guide of $5m-$5.5m.
“They’re really keen on the property,” she says.
Note: The author owns a property at Hyams Beach.
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