$16 million plus Bellevue Hill sale among weekend auction listings

$16 million plus Bellevue Hill sale among weekend auction listings
$16 million plus Bellevue Hill sale among weekend auction listings
The top weekend auction offering was a trophy home at Bellevue Hill

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.

Sydney's preliminary clearance rate fell to 52.3 per cent, down on last weekend’s final clearance rate of 56.1 per cent.
"As results are collected it will be interesting to see if the final clearance rate will remain above 50 per cent," CoreLogic auction analyst Kevin Brogan said.
The last time Sydney’s clearance rate fell below 50 per cent was between late 2010 and 2012 as the market moved through a downturn. 

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.

Click here to enlarge.

 million plus Bellevue Hill sale among weekend auction listings

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.

Auction highlights this week

Saturday, 2 June 2018 
City  Location  Value Sold 

Most expensive

Sydney 20 Wilona Av, Greenwich NSW 2065, 4 br House, Belle Property Lane Cove $5,750,000
Melbourne 80 Nimmo St, Middle Park VIC 3206, 4 br House, Cayzer Real Estate $5,440,000
Adelaide 9 St Anns Pl, Parkside SA 5063, 3 br House, Ouwens Casserly $1,205,000
Brisbane 95 Gordon St, Gordon Park QLD 4031, 5 br House, Place Newmarket $1,683,000
Canberra 16 Goble St, Hughes ACT 2605, 4 br House, RW Canberra $1,312,500

Most affordable

Sydney 8/62 Alice St, Harris Park NSW 2150, 2 br Unit, AB Property Consultants $500,000
Melbourne 39/39 King St, Dandenong VIC 3175, 2 br Unit, Del Real Estate $255,000
Adelaide 15 Bradford St, Prospect SA 5082, 3 br House, HAR Property People $422,000
Brisbane 25 MacSwiney St, Collingwood Park QLD 4301, 4 br House, HAR Springfield $325,000
Canberra 10/41 Blackall St, Barton ACT 2600, 2 br Unit, Philip Kouvelis Real estate $690,000

 SOURCE Domain


Bellevue Hill

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?