Woollahra tops Sydney weekend auctions
Sydney’s most expensive residential property to sell at auction last weekend was traded for $2.8 million in Sydney’s inner eastern suburb of Woollahra.
The four-bedroom 1920s-built house at 28a View Street last sold in 2010 for $1.66 million as a run down bungalow, according to APM. It was subsequently renovated in the French Provincial-style and sold through McGrath Coogee.
According to RP Data, in January the median house price for Woollahra spiked at $3.65 million – which was the highest monthly figure for several years.
The annual change in median house price is 2.3%, but over five years it is closer to 20%.
Other recent house sales in the area include $4.175 million in John Street and $3.3 million in Moncur Street.
The highest price paid in Woollahra in the past 12 months was $14.5 million for 12 Wallaroy Road.
