Former Australian cricket captain Michael Clarke lists Bondi Beach investment

Former Australian cricket captain Michael Clarke lists Bondi Beach investment
Former Australian cricket captain Michael Clarke lists Bondi Beach investment

The Bondi Beach investment apartment of former Australian cricket captain Michael Clarke ­has been listed for sale with $8 million hopes.

There were suggestions “Pup” Clarke was preparing to list the Cadigal apartment earlier this year, after he was seen welcoming LJ Hooker ­father-son agent duo Bill and David Malouf into the Campbell Parade complex.

Clarke, currently commentating on the Ashes in ­England, bought the 200 square metre, three-bedroom apartment for $6 million in 2009 from his mate and accountant Anthony Bell, which would mean an $8 million price would reflect a sub-3% annual price growth over the decade.

Former Australian cricket captain Michael Clarke lists Bondi Beach investment

Bell had paid $3.2 million in 2005 on the building’s completion.

After briefly living there with then-fiancee Lara Bingle, the apartment became an investment in 2011. The couple had separated in early 2010.

Clarke, who now lives in an $8.5 million Vaucluse home with interior designer wife Kyly and their two children, saw his rental return deteriorate over the past eight years.

CoreLogic’s tracking of the asking rental price showed it had been offered at $3750 a week earlier this year.

Former Australian cricket captain Michael Clarke lists Bondi Beach investment

It was at $5000 last year. Its initial asking rent was $2800 a week in 2011.

Given the influx of new prestige rental offerings, Bondi Beach rents are down by around 5% with Realestate.com.au executive manager of rent Kul Singh recently noting changes in rent reflected shifts in supply and ­demand.

In 2017 Clarke offloaded Roundhill, the family’s little used Southern Highlands retreat in Berrima for $4.75 million.

It came with its own cricket oval. He retains a townhouse at the Trinity Point project on Lake Macquarie.

This article was published in the Saturday Daily Telegraph. 

Tags: 
Title Tattle Bondi Beach

Comments

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