$16 million plus Bellevue Hill sale among weekend auction listings
It was sold, at an undisclosed price, after being passed in at $16.2 million through The Agency agent Ben Collier at its onsite auction.
The home of UniLodge student accomodation company founder Jane Hewitt and husband, Mariner Securities director Gary Symons, had been listed with $15 million hopes.
They paid $11.71 million for the six bedroom Drumalbyn Road home (above) in 2013 when buying from APN News and Media chairman Peter Cosgrove.
The contemporary home with Mediterranean overtones sits on 1415 square metres with a heated Peter Glass swimming pool.
The Agency's Ben Collier had the auction listing.
The first week of winter saw 2,272 auctions across the capital cities, with the market returning a preliminary clearance rate of 57.6 per cent.
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Adelaide was the strongest capital at 68.2 per cent, with Canberra is second place at 65.9 per cent, while only 26.7 per cent of homes sold across Perth.
Melbourne returned a preliminary clearance rate of 61.6 per cent this week, increasing on last week’s 59 per cent final clearance.
The top under the hammer sale was in Sydney's Greenwich when interior architect, Freya Reid, a principal of architecture firm Cave + Reid Design, and her husband, Peter Reid secured $5,750,000, which was $250,000 above reserve.
Four of the eight bidders participated in bidding on the four-bedroom, three-bathroom home at 20 Wilona Avenue, The Sunday Telegraph noted.
The contemporary home comes with heritage listed former coach house on its 713sqm block.
They’d bought the property in 2007 for $1.9 million and completed a full redesign and rebuild in 2016.
Melbourne's highest sale was $5.44 million in Middle Park through Cayzer Real Estate. The 80 Nimmo Street offering was listed with $5 million to $5.5 million hopes.
It was an original Edwardian residence, with Little Page Street along its side, offered for the first time in over 60 years.
Melbourne had the nation's cheapest sale when $255,000 was paid for 39/39 King Street, Dandenong.
Its price guide had been $210,000 to $230,000.
The two bedroom, two storey townhouse last sold at $157,000 in 2007.
Weekend auction sales also included Brendan Moar, the gardening guru, who accepted $2.5 million in Camperdown.
It was sold at the pre-auction price guide, with just the one bidding of the two registered parties.
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SOURCE Domain