A home on the water's edge has long been considered the ultimate prize by Australians but increasingly it's being sought after by those from foreign shores.
From the mega mansions on Sydney harbour to an $11 million prize on Victoria's coastline, the plunge of the Australian dollar has recently made the idea even more desirable.
"Chinese buyers are very attracted to Mosman waterfronts," says Sydney Ray White Lower North Shore agent Sandie Dunne, who has a $40 million harbourfront home at 12-14 Hopetoun Avenue, Mosman, on her books. 
"Conservatively, about 70 per cent of the big-end sales on the Mosman waterfront have gone to Chinese buyers," she says.
Despite it failing to sell at that price during a campaign with a different agent last year, she's sounding confident. After all, the fall of the Australian dollar since then means it comes at a "30 per cent discount".
And there have been those big sales in Sydney's east, including the James Packer house in Vaucluse for about $70 million. And that wasn't even on the waterfront. The Mosman record is $22.5 million for the place next door in 2007, but these days there's a new crop of buyers with considerably deeper pockets flying in, whether they be foreign or expats. "It's Mosman's time," she said.
The house hasn't been touched for 20 years and the potential for the 2400-square-metre north-facing site overlooking Middle Harbour is enormous. The buyer would probably gut the place or even rebuild, potentially creating multiple residences thus boosting housing stock to satisfy FIRB requirements. There's already overseas interest, she says.
And certainly expats could be interested.
The same goes for the luxury five-bedroom, five-bathroom on the oceanfront at Flinders in Victoria, owned by Andrew Kroger, the brother of Liberal powerbroker Michael, who has relocated to London. Being offered at $15 million last year, Kay & Burton's Prue McLaughlin says it's a steal at $11 million. Several knockdowns had recently sold for about that in the area.
Though this one certainly isn't a knockdown. "It's a Stephen Akehurst-designed house and he doesn't skimp on anything ... everything's really high quality.
"There's also gentle access to the beach ... with a lot of the properties around here it's a bit of a goat track and by the time you get back home you'd need be sweating."

Sydney
The swimming pool of the home at 12-14 Hopetoun Avenue, Mosman.
12-14 Hopetoun Avenue, Mosman $40 million
This waterfront property is on a huge 2400-square-metre block. The three-level main house, with lift, has four bedrooms opening out to terraces overlooking the harbour on the upper (entry) floor. Living areas including the commercial kitchen are on the floor below and a rumpus and billiards area on the lower level. As Ray White's Sandie Dunne, who shares the listing with Kingsley Yates, points out, it's a perfect floor plan. There are nine bathrooms on the property, which includes self-contained living areas for staff or family. It comes with a championship tennis court with clubhouse and heated wet-edge pool and spa.
        Melbourne                
Andrew Kroger's home in Flinders, Victoria.
Boyd's Point, Flinders $11 million +
Reminiscent of the beautiful homes of The Hamptons, this five-bedroom, five-bathroom home designed by Stephen Akehurst was built in 2010 on the clifftop with northerly views of Western Port Bay and out to Bass Strait. On 19 hectares, there's direct beach access. Each of the main rooms looks out to sea. It comes with a heated pool and spa. Boyd's Point is one hour from the city. Prue McLaughlin of Kay & Burton has a private auction for Sunday,   November 29, planned.