Property Tycoon auction tipping centres on Millers Point offering

A harbour-side penthouse with views over Sydney Harbour Bridge is going under the hammer this weekend in an auction that could go either way.

The auction at 901/1 Pottinger St Millers Point could be huge or a fizzer. Properties like these are as rare as hens teeth and can fiercely contested. On the other hand only a small sector of the market can afford it.

The spectacular north east facing penthouse captures the beauty of Sydney Harbour and comprises three bedrooms. It is an ultra modern apartment with a massive 376sqm of floor space. It is truly an entertainers dream.

Agent Ettiene West from Morton & Morton Real Estate said buyer interest has been around $3.3 million - $3.5 million.

For those who want to have a harmless punt, there's now a tipping website, www.propertytycoon.com.au, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.