Australia

Park your boat for the price of a house

Real Estate

A 45m marina berth in Rozelle is for sale.

Buying a house is not the only expensive property purchase you can make in Sydney if you happen to require a place to park your boat.

Marina berths are some of the hottest and hardest to find real estate across Sydney’s harbour locations.

When berths do come up for sale, they can cost as much as an inner city apartment or a house in western Sydney.

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Real Estate

This marina berth has a $650,000 guide.

While most marina berths can only be rented on Sydney Harbour, there is one that can be purchased outright in the inner west.

Located at the exclusive Balmain Cove Marina in Rozelle, the 45m berth is advertised as “residential land” with a $650,000 guide. That is the same price as a one-bedroom apartment on George St in Haymarket, or a three-bedroom house in Blacktown.

Balmain Realty principal Scott Robertson said the marina berth is a rare opportunity to park a super yacht or a few smaller boats.

Real Estate

A one-bedroom apartment at 718 George St in Haymarket has a $659,000 guide.

Supplied Monaco Yacht Show

A yacht of this size could theoretically dock at Balmain Cove.

“This would be one largest marina berths that you could possibly own on Sydney Harbour,” he said.

While the guide may sound like a lot, it’s nothing when 45m yachts can cost upwards of $15 million — the same price as the current inner west residential record.

The berth sits on a strata title and comes with security, power, and lighting, as well as water and sewer pumping facilities.

Real Estate

This house at 38 Ross St, Blacktown, is one the market with a guide of $690,000.

Mr Robertson said marina berths are attractive to not only boating enthusiasts, but also investors.

“Marina berths are generally hard to find, so they are prized when they do come up for sale,” he said.

Like all good things that sound too good to be true, this marina berth does come with a catch. It can only be purchased by investors or residents who own an apartment in the Balmain Cove development.

Real Estate

The berth is one of the largest in Sydney.

A penthouse in the complex at 189/5 Wulumay Cl, Rozelle, is currently for sale with an guide of $2.4 million. Mr Robertson said the penthouse is one of the first three-bedroom properties to come up for sale in the area in several years.

If purchasing a marina berth is out of the equation, Double Bay Marina currently charges $3300 per month for vessels of 15.5m in size — 29.5m smaller than this berth. This would set you back $500 a month more than renting the average Sydney house, according to SQM Research.

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