How much Jo Haylen’s Caves Beach place would be worth
After Jo Haylen’s Australia Day weekend saga, perhaps Caves Beach could be the next Copacabana. Here’s how much the four bedroom, three bathroom house set Ms Haylen back in 2018.
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Maybe its move over Copacabana, as Jo Haylen has unquestionably elevated Caves Beach, near Lake Macquarie, even higher on the radar of Sydney buyers looking for a coastal weekender.
It’s a cheaper, but more distant, holiday home option than the NSW Central Coast where her former boss, Anthony Albanese bought on the cliff last year triggering a blaze of publicity for Copacabana.
The saga surrounding Haylen, who has promised to pay back the $750 travel cost of the 446km chauffeur-driven Australia Day weekend trip that involved lunch at Brokenwood Wines at Pokolbin, have the makings of a David Williamson comeback play.
Haylen owns a retreat one block back from the cliff and the beach.
The beach is renowned for its tidal caves complete with archways, tunnels and chambers that formed some 200 million years ago during the Triassic period.
Perfect, depending on the tide, for hiding from the pesky paparazzi.
Her house enjoys ocean views from its second level framed by a striking Norfolk Island pine.
It was marketed as being on a “blue ribbon street” when last sold by One Agency noting its boasted “the perfect Easterly rear aspect, to enjoy cool afternoon sea breezes all summer long.”
Set 75 minutes from Sydney’s northern outskirts, Caves Beach listings on realestate.com.au attracted 44 buyer enquiries last year. Copacabana sat higher at 58 enquiries.
The four bedroom, three bathroom house was bought by Haylen and her husband, a partner at MinterEllison Consulting, Garth Williams for $980,000 in January 2018.
It has served as their weekender from their Marrickville house which cost $1,590,000 in 2013.
The realEstimate of the house gives its potential selling price as $1.56m.
But if she was to be a forced seller on a reduced backbench salary, it could potentially yield just $1.34m, but maybe in a blaze of publicity she could snare $1.78m.
The web-generated estimate doesn’t take into consideration the $308,000 Delisle Hunt Wood-designed additions approved in 2022.
Caves Beach was originally known as The Plains, then The Plains Beach, Caves Beach, Mawson and back to Caves Beach in 1965.
There are 12 four bedroom houses for sale, including one scheduled for late February auction with $2.6m hopes. A record $4m was paid earlier this month, bettering the $3m record of last August.
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Originally published as How much Jo Haylen’s Caves Beach place would be worth
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