$3.95 million Drummoyne apartment sale tops Sydney's weekend auctions
The four bedroom apartment at 3/353 Victoria Place, Drummoyne fetched $3.95 million
Jonathan ChancellorJuly 18, 2021
A waterfront Drummoyne apartment topped Sydney's weekend lockdown online auction results.
The four bedroom, two bathroom apartment at fetched $3.95 million.
Marketed by McGrath as having house-like proportions, it last sold at $2 million in 2010.
The waterfront block of four shares a communal function room opening onto level lawn and the water.
The last sale in the complex was in 2017 at $2.5 million.
CoreLogic calculated a preliminary 70.6% amid Sydney's 214 apartment and townhouse auction offerings.
There was a $950,000 median for the offerings, compared with $1.55 million for Sydney houses.
Nationally there were 535 apartment offerings with a 66.8% success rate at a $718,000 median sale price.
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.