Monique Field of Monique Field Property has set a $1.9 million Oak Flats street record for a brand-new home in a non-waterfront street — a price typically reserved for lakefront properties — after buyers raced to secure the rare cul-de-sac position in 29 days.
Cul-de-sac position and reserve backing were non-negotiable
The vendors had been extremely specific when selecting their block years earlier: a cul-de-sac street backing onto reserve with no rear neighbours and close to waterways. They built what is now an 18-month-old, highly specified home with three living areas and side access for future shed and pool additions.
“They built it as a forever home, but sometimes circumstances change,” Monique says.
That side access and future-proofing potential became key selling points — features that are rare in the Oak Flats market.
Every buyer arrived with the same wish list
Every inspection attracted the same type of buyer: families looking for quiet, brand-new homes in tightly held locations with room to grow.
“Everything ticked a box because it was rare,” Monique says.
“Finding a home in a really quiet location with no rear neighbours, the newness, the fact that it had future potential to put a pool or a shed — people knew they needed to act quickly.”
Two serious buyers missed out, both with matching criteria: cul-de-sac streets, proximity to water, and newer builds. All buyers needed to sell before purchasing, so the winner was the one who could move fastest.
Result signals premium land value for the pocket
Monique sees the result as a signal for the broader pocket. Most surrounding homes are older properties ripe for knockdown-rebuild projects, and this sale demonstrates the land value for buyers wanting to replicate the vendors’ approach.
“The land is very valuable because people will see the opportunity to secure the space to put brand-new homes on and be in a really quiet, unique location,” she says.
The $1.9 million figure is noteworthy because Oak Flats typically only sees prices at that level for waterfront or lakefront properties — not homes in standard streets, even premium ones.
“It’s a price that hasn’t been seen in Oak Flats for a typical street,” Monique says.
“Sometimes properties on the water or the lake will command a very high price, but not generally a home in a street that’s not on the water.”
For future vendors in the same pocket, Monique’s advice is simple: the location story is the drawcard, and the scarcity of similar homes forces the right buyers to act quickly.
About the agent
Monique Field of Monique Field Property is a multi-award-winning real estate professional known for integrity, client focus, and deep knowledge of the Illawarra market. She has built a reputation as a trusted local authority, helping clients achieve results through strategic campaigns and hands-on service. For more information, visit Monique’s website or call Monique on +61 403 021 172.
