Bondi hoarders home auction postponed again

Bondi hoarders home auction postponed again
Bondi hoarders home auction postponed again

The infamous Bondi hoarders' property was withdrawn from auction last night, in yet another stalled chapter in its 26 year saga.

There were around 10 interested parties expected, but the property was pulled just an hour before its scheduled 6pm auction.

The owner Mary Bobolas had secured a temporary legal stay that stopped any auction.

A $2 million sale had been anticipated due to its prime location and 550 sqm block size.

The 19 Boonara Avenue offering was listed under instructions of the NSW Sheriff's Office.

It was the third time that the marketing failed to end in an under the hammer sale.

There was an unexpected delay last month with the paperwork not quite right.

Previously the owner Mary Bobolas dodged the sale of the property February last year by coming up with $180,000 to pay Waverley Council's cleaning and legal bills just hours before that scheduled auction.

The drawn out process has seen buyer interest wane as when it was first listed in 2015, 63 contracts had been handed out. Last month it was in the 30s. This time interest was down to around the expected 10 attendees.

They will need to pay a further $160,000 to meet the newest set of cleaning and legal bills.

The council's solicitors wrote to the Bobolas family in November asking for settlement of the outstanding money to avoid the sale but they received no funds.

Raine & Horne agent Ric Serrao was commissioned by the NSW Sheriff's Office to sell the property so that clean-up costs can be recovered on behalf of the council.

Rubbish flowed out of the door and onto the property frontage on the latest listing images despite a 10 truck clear up in July last year.

There were no inspections possible for prospective buyers.

Ric Serrao couldn't even access the property so there were no internal photos or floor plan available.

This article was first published in the Daily Telegraph. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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