Manly apartment price per sqm record broken
A 1985-built apartment at Manly Beach has sold at $41,000 per sqm.
The near 140 sqm apartment on Marine Parade looking out to the Pacific Ocean fetched $5.7 million, just two weeks into its marketing campaign, Fairfax Media reported.
It last traded for $681,000 in 1992.
Colin and Gloria Fisher, the parents of Sydney’s Catholic Archbishop Anthony Fisher, sold the two-level freehold apartment at Manly’s Fairy Bower
The buyers plan to renovate the 1980s-style apartment, which was on the market for 15 days before its sale.
Max Walls International agent Anthony Walls sold the two storey unit.
The apartment reportedly broke the record which had stood since 2016 when an off-the-plan apartment on Bower Street sold for $9.5 million, reflecting $33,807 per sqm.
That was a three bedroom apartment spanning 281 sqm.
It was eight years that the record before that had stood for. A North Steyne Road unit sold for $12.2 million in 2008, a $30,000 per sqm price.