Sydney's auction heat as chef Peter Kuruvita sells Zetland home pre-auction

Sydney's auction heat as chef Peter Kuruvita sells Zetland home pre-auction
Sydney's auction heat as chef Peter Kuruvita sells Zetland home pre-auction

Restaurateur Peter Kuruvita and his wife Karen sold their Zetland terrace ahead of its weekend auction.

It was listed given their recent move to Queensland opening the Noosa Beach House Peter Kuruvita.

Kuruvita bought the Portman Street terrace for $715,000 in 2004, around the time he opened his Flying Fish restaurant.

The renovated three bedroom had been tipped to fetch more than $1.25 million through McGrath agent Ben Forsyth.

Title Tattle gathers around $1,325,000 was secured.

Sydney’s early spring home auction market continues to strengthen recording a 83.9% initial clearance rate, the highest recorded since February. The revised APM weekend rate sat above 80% for the second weekend.

Some 621 properties were listed to go under the hammer on Saturday which was well ahead of the 570 auctioned the weekend before and the 565 auctioned over the same weekend a year ago.

"Sydney is set to host over 2,400 auctions this September which will be an all-time record for the month and considerably higher than last September when 2003 homes went under the hammer," APM's senior economist Dr Andrew Wilson said.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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