Burrow already owns an oceanside seaside home on Yallingup’s coastal millionaires row of Wardanup Crescent with a view of Three Bears. It was designed to resemble a nautilus shell from above.
WA’s most profitable professional tour surfer purchased the Wardanup property for $2 million in late 2004 and knocked down the present shack earlier than constructing anew.
Burrow additionally owns a $2.three million unit in Bondi, New South Wales.
The surfer has been one of many vocal opponents to the construction of a five star resort on the cliffs of Gnarabup which is about 40 minutes down the street from his Wardanup Crescent dwelling.
Property costs have jumped up within the South West over the previous yr as Perth rich-listers and different consumers search remoted COVID-19 getaways as vacation houses.
Burrow purchased his new rural block for $220,000 greater than it final bought in 2016.
Actual Property Institute WA vp Joe White, who runs JMW Actual Property out of Dunsborough, advised WAtoday there had been robust gross sales and curiosity throughout the South West area in 2020.
“Once we get to February you may look again and say the market jumped 5 per cent in October, November and December,” he stated.
“A spot I appraised at $490,000 a yr in the past we bought at $545,000, so there’s a 10 per cent leap in that.
“It could actually’t keep this fee however I believe the factor to recognise is we’re coming off a really low base for a really very long time.”