Two $1 million plus mansion losses head RP Data top 10 sales

Sydney sales dominated the week's top 10 RP Data sales list but the highest priced sale was at a $1,025 million discount to its last sale price in pricey Vaucluse.

The 15% price fall ranks among the most severe realised loss reported in the prestige property downturn that lingers well after its global financial crisis induced downturn in 2008.

The Vaucluse Road, Vaucluse property had last traded at $6,875,000 in 2006 when bought by businesswoman Deborah Ricci.

"Presiding over majestic views of the City, Opera House, Bridge & Harbour, this "Sleeping Beauty" is discreetly elevated, almost hidden from the road and enjoys quiet privacy," its selling agent D'Leanne Lewis at Laing & Simmons Double Bay said.

The second placed Woollahra sale ranks among the more common trend of sales at well below initial vendor expectations. It had been listed in April with $6.5 million plus hopes through the same agent who secured $5 million at its wekeend auction. Glen Rhoda, the circa-1863 Gothic-style residence on Wallaroy Road last traded for $6.15 million in 2004 when sold to the Tassone family by the INXS drummer Jon Farriss who had bought it for $2.4 million in 1991 from film producer Margaret Fink, who'd lived there since 1968 when she purchased it for $74,000.

Meanwhile Melbourne agents endeavour to keep prestige sale prices somewhat under wraps.

There were two Melbourne sales - in Hawthorn and Brighton - which ought have been on the list but had prices withheld including Rathgar at Hawthorn which reputedly sold for $5 million plus. It had actually been listed for by invitation only auction with $5 million plus hopes.  

1. 29 Vaucluse Road, Vaucluse, NSW, 2030, five-bedroom house, sold at auction on September 19 by Laing + Simmons Double Bay for $5.85 million

2. 71 Wallaroy Road, Woollahra, NSW, 2025, five-bedroom house, sold at auction on September 22 by McGrath Estate Agents for $5 million

3. 101 Raglan Street, Mosman, NSW, 2088, five-bedroom house, sold at auction on September 22 by Richardson & Wrench Mosman/Neutral Bay for $3.675 million

4. 41 Dorking Road, Cabarita, NSW, 2137, five-bedroom house, sold at auction on September 22 by Haus Real Estate Strathfield for $2.9 million

5. 24 Wallis Parade, Bondi Beach, NSW, 2026, five-bedroom house, sold at auction on September 20 by Raine & Horne Double Bay for $2.715 million

6. 5/33 Sutherland Crescent, Darling Point, NSW, 2027, three-bedroom unit, sold at auction on September 20 by Raine & Horne Double Bay for $2.7 million

7. 9 Ebsworth Road, Rose Bay, NSW, 2029, four-bedroom house, sold at auction on September 18 by L J Levi Real Estate for $2.675 million

8. 25 Parlington Street, Canterbury, VIC, 3126, four-bedroom house, sold at auction on September 22 by Kay & Burton Hawthorn for $2.522 million

9. 61 James Cook Island, Sylvania Waters, NSW, 2224, five-bedroom house, sold at auction on September 22 by Ray White Sylvania Waters for $2.4 million

10. 16 Earl Street, Randwick, NSW, 2031, three-bedroom house, sold prior to auction on September 22 by GoodyerDonnelley Real Estate for $2.1 million