DX Solutions managing director sets Newtown suburb record

DX Solutions managing director sets Newtown suburb record
DX Solutions managing director sets Newtown suburb record

Peter Yialas, the managing director at the ICT services provider, DX Solutions has spent a suburb record $3.85 million on a historic Newtown home.

The 131 year old home on one of Newtown's largest single landholdings was built in 1876 - just a few years after Newtown was made a municipality.

Last traded for $368,000 in 1988, the four bedroom home with swimming pool was sold by Colliers International agent Trent Gallagher.

DX Solutions managing director sets Newtown suburb record

Yialas has recently leased the home at $1,600 a week, reflecting a low two percent yield.

The previous $3.8 million record was set in May, when musician Lara Goodridge sold in Watkin Street.

This article was first published in the Saturday Daily Telegraph.

 

 

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