Millionaire?s row just got longer


COASTAL hot spots Minnie Water and Wooli and the outlying rural township of Ashby are boasting properties for sale ... each with a six-figure price tag.

According to one local agent, a 13.75-hectare riverfront lot featuring a four-bedroom house on the Ashby peninsula is one of the first properties in the area to come onto the market in that price range.

Also running the million dollar mile is a high-set home opposite beachfront reserve at Minnie Water and a three-level oceanfront property at Wooli.

David Lovell, of Mike Macqueen First National in Yamba, said the Ashby hobby farm set a precedent for sales in the area. The block has been transformed from a humble farmlet with two quaint cottages into a sprawling country masterpiece.

Buyer inquiry for the Ashby property is being sought in the late $1.3million range. Part of its package is a 15-metre heated lap pool and a tournament-sized tennis court.

"You can't buy that sort of thing on the coast and a lot of people who are moving to this region aren't necessarily looking to move to a residential town again," Mr Lovell said.

"It's an alternative to coming to the coast and paying a million dollars for a 700 square-metre block of land with a brick and tile house on it, looking across the waterway at your neighbour's backyard."

Listed with Yamba's PRDNationwide is a house at 19 Grevillia Parade, Minnie Water, that comes complete with its own whale watching tower and a sale price of $1,020,000.

The house, on beachfront reserve at Wooli, is advertised for $1.3million. Although out of reach for most people, PRD principal Denise Gillies said the six-figure sale prices were not deterrents to buyers.

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