Vaucluse stunner with harbour views the most expensive sale of the week: RP Data

Vaucluse stunner with harbour views the most expensive sale of the week: RP Data
Vaucluse stunner with harbour views the most expensive sale of the week: RP Data

A five bedroom stunner in Vaucluse was the week's most expensive sale, according to RP Data.

The property at 10 Kings Road boasts stunning views across Sydney Harbour towards the bridge and these views no doubt contributed towards its selling price of $5.475 million.

It was marketed as "an executive family home of understated luxury and effortless style...over three spacious levels with immaculate presentation and premium finishes throughout."

Elliot Placks and Gavin Rubenstien of Ray White Double Bay handled the listing.

The past week saw the property market well and truly click into gear and both Melbourne and Sydney had over 1,000 auctions in the past week with Sydney recording a preliminary clearance rate of 87.5%, according to RP Data.

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Source: RP Data.

Despite the number of fresh listings over the past 28 rising in Sydney by 7,953, there are still 15.5% less properties in total on the market than there was this time 12 months ago.

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Source: RP Data

"The first two weeks of auctions for the year suggest that the improvements recorded over the course of 2013 will be lasting," wrote RP Data's Victorian housing specialist, Robert Larocca.

"The next two weeks are significant, as they will see a return to auction volumes last seen in the fourth quarter of 2013 and the next update of the RP Data Rismark Home Value Index."

The preliminary clearance rate in Melbourne was 79%, according to RP Data.

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Source: RP Data.

The highest selling property in Victoria was at 29 Sussex Street, Brighton (pictured below), where a five bedroom Victorian-style house sold for $3.6 million.

David Hart and Stefan Whiting of Buxton - Brighton were the agents.

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Top 10 most expensive sales of the week ending February 23

10 Kings Road, Vaucluse, NSW, 2030, five-bedroom house, sold on February 21 by Ray White Double Bay for $5.475 million  

9/17 Waruda Street, Kirribilli, NSW, 2061, three-bedroom unit, sold at auction on February 22 by Laing + Simmons North Sydney for $4.325 million  

29 Sussex Street, Brighton, VIC, 3186, five-bedroom house, sold prior to auction on February 22 by Buxton Real Estate Brighton for $3.6 million  

5 Alan Street, Cammeray, NSW, 2062, four-bedroom house, sold prior to auction on February 22 by Belle Property Neutral Bay for $3.39 million  

88 Park Street, Moonee Ponds, VIC, 3039, five-bedroom house, sold at auction on February 22 by Nelson Alexander Real Estate for $3.362 million  

37 Bonnefin Road, Hunters Hill, NSW, 2110, four-bedroom house, sold prior to auction on February 22 by BresicWhitney Darlinghurst for $3.155 million  

79 Balfour Road, Bellevue Hill, NSW, 2023, three-bedroom house, sold on February 21 by Ray White Double Bay for $3.01 million  

127 Buckland Street, Alexandria, NSW, 2015, three-bedroom house, sold on February 18 by BresicWhitney Darlinghurst for $3 million  

1 Gahan Court, Toorak, VIC, 3142, four-bedroom house, sold at auction on February 22 by Williams Batters Real Estate South Yarra for $2.72 million  

13 Hall Street, Brighton, VIC, 3186, four-bedroom house, sold at auction on February 22 by Nick Johnstone Real Estate Brighton for $2.66 million

jrobinson@propertyobserver.com.au 

              

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