Waterhouse clan's Clifton Gardens home pulled from weekend auction

Waterhouse clan's Clifton Gardens home pulled from weekend auction
Waterhouse clan's Clifton Gardens home pulled from weekend auction

There was a late scratching amid Sydney's 600 scheduled weekend auctions.

Racing couple Gai and Rob Waterhouse withdrew their longtime Mosman family home given insufficient competitive interest was lined up to bid for their prestige offering.

The battle-axe property in the exclusive enclave Clifton Gardens was listed with a price guide of $6 million.

The Waterhouse family have had the property for 32 years ownership since paying $457,500 in 1983 but have rented it out for the past four years.

They now prefer Balmoral and their Southern Highlands retreat, Dunsinea, the 40 hectare Mittagong trophy property.

The Melbourne Cup winning trainer and her husband, Robbie Waterhouse own in Melbourne having bought a whole floor Spring Street apartment for $4.3 million in 2014.

Gai, ofcourse, was always going to be distracted today by Ladbrokes Blue Diamond Stakes Day race meeting at Caulfield though she has just the one runner, Bonfire in the first. She has two racing at Randwick too.

The four bedroom Burrawong Avenue home has four bedrooms with wall to wall windows highlighting the southerly Harbour views over Shark Island and beyond.

Designed as three inter-connected pavilions, the 695 sqm estate has a mosaic-tiled pool in the rear central courtyard.

The Waterhouse's do not live in the property, but made homely with their family contents, the most impressive being a Garry Shead race day painting.

The master bedroom suite comes with an impressive hat display cabinet filled with Gai's hats and fascinators from past race days.

There were more than two dozen in behind the glass display cabinet when I breezed through this week's open for inspection which was little quiet.

Apparently the week before 2088 Realty listing agent Sally-Anne Lawlor oversaw a cast of thousands with Chinese an Indian buyers and even a French family.

"It was a bit like the UN," she suggested adding she was happy to sell to anyone.

The scratching from the auction doesn't come as a huge surprise.

Although the Sydney market is recording healthy mid 70 percent clearance rates throughout February, Mosman is struggling to sell via auction at the moment, with only two sales last weekend out of its 10 auctions.

There pressure continues as there were 15 Saturday auctions scheduled in Mosman, the busiest suburb across Sydney.

Mosman's median house price is tracking at over $3 million for the first time $3 million with a recovery given a long dip following the GFC, according to CoreLogic RPData. 

This article was first published in the Saturday Daily Telegraph.

 

 

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