I think I would have mixed feelings about living here. In summer you would undoubtedly get plenty of sea breeze to cool you down. And the opportunity for shooting the sea and all its moods would be wonderful.

But in the midst of winter, which this is not really, it's just a chilly, slightly windy and drizzly overcast day) you'd get a heck of a battering. And you'd need a LOT of rust treatment on your car.

Nice place to visit, not sure I'd want to live there.

Not that there would be a lot of options, for it's not in fact a house. Following Mairéad's comment I did a bit more digging and found that this is not a house but rather the Sandon Point Surf Lifesaving Club. And indeed, coastal erosion was much on their minds after the last refurbishment as this article discusses:

"Environmentalist Jill Walker has criticised renovations to Sandon Point's surf club, claiming the clubhouse should have been moved back from the water, in light of rising sea levels and scarping along the beach.
Ms Walker, a Sandon Point resident, believes Wollongong City Council engineers should have moved the club further away from the beach to avoid the potentially devastating effects of beach erosion.
The club reopened in April (2013) after a $3.7 million refurbishment, including extensive work to improve storage areas, club activity rooms, as well as severely dilapidated amenities and unsafe balconies.
...
Heavy rain and huge tides last month have already taken their toll on the popular swimming spot.
Scarping was spotted up to the surf club's foundations, leading long-time club member Ken Holloway to remark that its impact was "quite extraordinary".
"I haven't seen it like this in my 17 years at Sandon Point," he told the Mercury last month."

Yes, I definitely don't want to live there.