What the real estate agent says...

“The market in Malabar is very strong with plenty of buyers and a shortage of stock. There are a lot of young families looking to get better value than they might in nearby Maroubra or South Coogee, and they’re after a threeor four-bedroom family home with a bit of land. Malabar is a great suburb as it’s quite private with a beach lifestyle but still close to the city. This home would sell to a keen renovator or, more likely, to a developer. The land value for larger blocks – like this one with its 15-metre frontage – is very healthy and Deirdre could expect upwards of $1.8 million. For a fully renovated home, she’d be looking in the low $2 million range.”