Mirvac-built Latitude, Milsons Point resale tops Sydney's priciest apartment auction list

The 302/55 Lavender Street apartment was sold by the Morton Agency with views over the city and harbour.
Mirvac-built Latitude, Milsons Point resale tops Sydney's priciest apartment auction list
Jonathan ChancellorDecember 12, 2021

A $5.18 million resale in the Mirvac-built Milsons Point Latitude complex topped the nation's weekend apartment auction list.

The sale was a three bedroom two bathroom offering.

The 302/55 Lavender Street apartment was sold by the Morton Agency with views over the city and harbour.

There was level lift access to a security car space and lock-up storage.

The complex has amenities including a pool, spa, sauna and gym within short walking distance to North Sydney's CBD, Kirribilli restaurants/cafes and Lavender Bay's foreshore walks.

It last sold in 2008 at $2,690,000. It was first sold in 2005 at $1,899,900.

It was advertised as a $1900 a week rental in 2019, according to CoreLogic, having been a $1995 rental in 2016. 

More recent Milsons Point apartment projects include Aqualuna by Ceerose and Blue by Aqualand.

A three level townhouse at 13/8 Water Street, Birchgrove with water views over the marina through to Cockatoo Island was Sydney's next priciest sale over the past week at $4,008,000.

It came with a whole floor master suite with ensuite, balcony and robes.

There was lift access to all levels.

It last sold in 2015 at $3 million having been first sold by Greencliff in 2000 at $1,420,000.

Sydney's third highest sale over the past week was $3,985,000 when the three bedroom penthouse at 1306/1 Francis Street, Darlinghurst sold.

Close to Hyde Park, it came with views over the city and harbour.

It was the penthouse in the acclaimed Marchese & Partners designed Lumina by Harrington Properties.

It featured a 83sqm rooftop terrace.

The three bedrooms came with two car spaces plus storage.

Domain reported the auction saw competition from four of the seven registered bidders pushing the price $685,000 above the reserve.

It was sold to a couple, recently returned from Singapore through Guido Scatizzi, of BresicWhitney having last traded for $1.6 million in 2008.

It had first sold at $1.3 million in 2003.

The apartmemnt had been advertised as a $1400 a week rental in May last year, according to CoreLogic. It  had previously been a $1600 a week offering between2013 and 2018.

CoreLogic put the Sydney apartment auction clearance rate at 63 percent, just one percent down on the 64 percent success rate for houses.

There were 494 auction apartment offerings.

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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