Singer Guy Sebastian seeks to cut and run from Clovelly for level lawn

Singer Guy Sebastian seeks to cut and run from Clovelly for level lawn
Jonathan ChancellorJuly 4, 2013

Singer Guy Sebastian, and his wife, Jules, have listed their three level Clovelly abode with reported $2 million hopes as they seek something more suitable for their very young son, Hudson.

The X Factor judge bought the architect-designed Knox Street house in 2010 for $2.15 million.

Its living and dining areas are set over the top floor, with three bedrooms on the middle space and a fourth bedroom and rumpus room on the lower level. Presumably way too many stairs for the young family.

Jason Pantzer of GoodyerDonnelly has the listing.

The Sebastian's appear to be in much the same predicament as Braith Anasta and his wife, the actor Jodi Gordon who recently narrowly escaped the Clovelly downturn.

The injured Wests Tigers champion Braith Anasta secured $1,855,000 when their four-bedroom, two-bathroom Clovelly home went to auction last month.

Initially more than $1.8 million was being suggested for the two-storey semi, but the agents then adjusted their marketing to $1.7 million plus.

Agents hoped the lowering of the price guide would introduce stronger competition in the lead-up to the auction.

It had been bought for $1,805,000 in 2011 by Anasta, so the sale price represented a loss after expenses including $84,000 purchase stamp duty.

It had sold previously at $1.76 million in 2009.

RP Data gives Clovelly's median house price as $1.365 million, down 16% over the past year.

Its down 6% over the past five years, according to RP Data.

The average discounting required of private treaty vendors is typically around 10% to secure a sale.

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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