Drummoyne

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Today's trophy home sale comes from Drummoyne where Crust Pizza founder Costa Anastasiadis and wife Lauren sold their home for $2.89 million.
Ray White Drummoyne selling agent Chris Wilkins and McGrath's Aladdin Hassen were expecting $2.5 million for the four bedroom property.
Costa bought the <a href="https://raywhitedrummoyne.com.au/nsw/drummoyne/1420391/" target="_blank">Gipps Street home</a> in 2008 for $1.02 million and renovated the backyard to include a swimming pool and entertaining area.
Previously a traditional 1920 bungalow, the home now comprises of a split level open living and dining area with a lower level theatre.
The couple are said to be trading up to the waterfront at Henley.
The Drummoyne home wasn't the only renovation project the couple have undertaken.
They paid $3.7 million for a waterfront mansion across the Parramatta River in 2009 and developed the home.
Anastasiadis opened the first Crust Pizza store in 2001 and has since opened around a further 120 store in 11 years.
He sold the company to Retail Food Group in 2012 for $41 million.
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Crust Pizza founder sells Drummoyne trophy

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Drummoyne vendors notched up near 90 percent auctions success in the 2015 December quarter, according to a CoreLogic list of the busiest 195 auction suburbs.
Houses in the inner west suburb have a median of around $1.8 million and units around $900,000 in the suburb that is surrounded by water on three sides.
CoreLogic RP Data noted while Sydney’s auction clearance rate over the December quarter was 59 percent there were pockets of the Sydney market where clearance rate performance sits much stronger than the broader market.
For instance the eastern suburbs came in with the highest clearance rate at almost 75 percent, followed by the inner south and inner west at 67 percent.
But Blacktown and Parramatta were in the low 40s.
The research will be handy when deciding just how to list your Sydney home this year, ie by auction or private treaty.
It would be wise to ask your prospective listing agents not only how their agency went late last year but contrast their results against the overall suburban trend.
<img src="/images/2016/01/19/Screen%20Shot%202016-01-19%20at%2010.26.27%20AM.png" alt="">
<img src="/images/2016/01/19/Screen%20Shot%202016-01-19%20at%2010.26.56%20AM.png" alt="" width="534" height="1330">
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<img src="/images/2016/01/19/Screen%20Shot%202016-01-19%20at%2010.31.48%20AM.png" alt="">
Source CoreLogic RP Data
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Sydney's best and worst auction suburb guide

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The Drummoyne home of Crust Pizza founder Costa Anastasiadis and his wife Lauren sold at weekend auction.
They have plans to trade-up to the waterfront at Henley.
Crust Pizza started as one store in 2001 up to about 120 stores 11 years later when the business was for $41 million.
The following year they spent $3.7 million on a waterfront mansion across the Parramatta River with renovations on the property since then.
Ray White Drummoyne’s Chris Wilkins and McGrath’s Aladdin Hassen were expecting $2.5 million at what was expected to be a big turnout for the auction with 15 contracts issued beforehand. 
The property last traded as a far less glamorous Californian bungalow in 2008 for $1.02 million then <a href="https://raywhitedrummoyne.com.au/nsw/drummoyne/1420391/" target="_blank">underwent a substantial backyard renovation in 2010</a>.
This article was first published in the Sunday Telegraph. 
 
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Drummoyne backyard extension secures the weekend dough

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The former Australia and New Zealand Nokia chief Paul Tyler and his wife, Mairead are selling their family home in Drummoyne.
Tyler is off to head up the merged Nokia Acatel Lucent company across the Asia-Pacific and Japan.
Located on the prestigious Drummoyne waterfront, Ray White Drummoyne’s Chris Wilkins and Fiona Hellams have a price guide between $2.6million to $2.7million for the March 19 auction.
<a href="https://www.raywhite.com/nsw/drummoyne/1430671/" target="_blank">The home</a> sits on the bay run with views over Half Moon Bay.
The split level five bedroom residence features a top floor master retreat.
Tyler bought the property for $1.97 million in 2005.
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Nokia chief Paul Tyler lists Drummoyne family home

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The top sale for the week was a four bedroom family home in Sydney's Drummoyne according to CoreLogic.
The property, 78 Wrights Road, Drummoyne, sold through Ward Partners Hunters Hill for $8.05 million.
Top 10
78 Wrights Road, Drummoyne, NSW 4 bed, 3 bath, 2 car house $8,050,000 Ward Partners Hunters Hill 
30 Monaro Road, Kooyong, Vic 5 bed, 4 bath, 2 car house $6,290,000 Marshall White Armadale 
7 Wimba Avenue, Kew, Vic 5 bed, 3 bath, 2 car house $6,240,000 Jellis Craig Boroondara Group 
51 Rowland Street, Kew, Vic 2 bed, 2 bath, 1 car house $4,800,000 Jellis Craig Boroondara Group 
10 Inkerman Street, Mosman, NSW 5 bed, 5 bath, 2 car house $4,750,000 Belle Property Mosman 
35 Alice Street Turramurra, NSW 5 bed, 4 bath, 2 car house $4,100,000 Di Jones North Shore Wahroonga 
18 Lyndhurst Crescent, Hunters Hill, NSW 3 bed, 3 bath, 2 car house $3,955,000 Belle Property Hunters Hill 
31 Princes Street, Hunters Hill, NSW 5 bed, 4 bath, 4 car house $3,930,000 Belle Property Hunters Hill 
35 Douglas Street, Clovelly, NSW 3 bed, 2 bath, 3 car house $3,905,000 McGrath Estate Agents 
27 Nundah Street, Lane Cove North, NSW 5 bed, 4 bath, 3 car house $3,780,000 Stone Real Estate Lane Cove 
 
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Drummoyne family home leads CoreLogic top 10 sales

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Sydney FC boss Graham Arnold is having a stellar season on and off the field.
He's just sold his renovated Drummoyne waterfront.
Arnold listed the three bedroom apartment that cost him $2.19 million in 2015 a day before the opening game of the season last October.
It's last price guide was $2.85 million before being relisted Cobden &amp; Hayson agent Daniel Patterson.
Spread over two levels, the 320 sqm apartment is wrapped in multiple outdoor living areas with views across the bay from the majestic arch of the Gladesville Bridge across Hunters Hill. 
It was described as a 'house-like retreat' in the marketing.
There's also a roof terrace with built-in barbecue and a landscaped flagstone courtyard.
This article first appeared in the Daily Telegraph.
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Sydney FC boss Graham Arnold sells Drummoyne waterfront

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Hotelier Rod Salmon has sold his waterfront mansion in Drummoyne for more than $12 million, a record price for the inner west suburb.
The three-level residence is at the end of Wrights Point
The waterfront mansion was bought in 2014 from fellow hotelier Sam Arnaout who had commissioned the residence following his purchase of the 700-square-metre property in 2007 for $6 million.
​The three-level house includes five bedrooms, six bathrooms, a four-car garage, a rooftop terrace, gym, home theatre, swimming pool, separate living area with a wet bar, and separate guest apartment.
It comes with waterfront lawn that extends to Crown Land.
The record ends the Balmain peninsula’s decades long hold on the inner west’s top sales records, most recently set in 2014 at $11.8 million with the waterfront house purchase in Balmain East by the art collector Paris Neilson. 
The prior was set at $11.5 million in 2008 when Mark Ainsworth, son of billionaire poker machine maker Len Ainsworth, bought a Gothic-style villa on the Birchgrove waterfront. 
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Hotelier Rod Salmon sells Drummoyne waterfront mansion

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GWS Giants star Toby Greene, who has just secured a six year deal with the club, bought his first home during the off-season.
The star forward has bought in Drummoyne, where, judging may his instragram, he's clearly fallen for the sunsets over the bay.
He's spent $1.84 million on a charming Federation semi, dating back to circa 1910.
The 24 year old paid around $350,000 under the median house price in Drummoyne which according to CoreLogic sits at $2.2 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/13/greene2.jpg" alt="">
His new contract, the biggest in the Giants short history, ties him to the club until 2024, with a salary expected to be around $800,000 to $1 million a year.
Greene, who hails from Victoria, has already played 117 games for the club since being picked up in the 2011 draft when he was 18.
He made an instant impact in the club's first season in 2012, winning the best first year player award.
Like most of his team mates, he started off renting in Sydney at Breakfast Point.
In 2016 he was selected in the All-Australian team as the half-forward flank.
Upon signing the big money contract earlier this week, which stands as one of the longest in the AFL, Greene took to Instagram.
Accompanying a couple of pictures from his time at the Giants was the caption: "Proud and excited to share the next 6 years of my journey with <a class="notranslate" href="https://www.instagram.com/gwsgiants/" target="_blank">@gwsgiants</a> <a href="https://www.instagram.com/explore/tags/letthegoodtimesroll/" target="_blank">#letthegoodtimesroll</a>."
His new home, which he'll no doubt be sharing with long-time girlfriend Marley Gordon, has views over Iron Cove Bay and Rodd Island.
It has two bedrooms, one bathrooms, a formal dining room and a north facing courtyard on its 200 sqm parcel
A Corbelled arch entry hall is one of its few remaining periods features.
The wide-fronted semi marketed as offering scope to reconfigure to a three bedroom home or to add a second level.
Cobden &amp; Hayson Drummoyne agents Frank Colacicco and Mia Fredrix sold the home.
The Giants, which open their season against the Western Bulldogs, face their eastern suburbs inclined rivals, the Swans in round three under the lights at the SCG.
This article was first published in the Saturday Daily Telegraph.
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GWS Giants star Toby Greene buys first home

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The Australian Women's Weekly news editor Michael Sheather and wife Julie are selling in Drummoyne.
The couple paid $741,000 for the <a href="https://www.realestate.com.au/property-house-nsw-drummoyne-127428482" target="_blank">1890s Thompson Street property</a> in 2001.
They have added a contemporary open-plan extension at the rear.
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There are still original features in the home, including the polished floorboards and cast-iron fireplaces.
Set on 505 sqm, the family home has four bedrooms, two bathrooms.
The ground have a solar heated pool.
They're seeking around $3.25 million at its February 24 auction.
 
 
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Drummoyne offering with $3.25 million hopes

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The little known Harris family have listed the imposing Drummoyne riverfront, Clovelly, a substantial, two storey Federation house with $8 million hopes.
Built of red brick with pebble dash featuring in its chimneys, it was built about 1904 for Stanley Rea, a dentist. 
There have only been two families in ownership since <a href="https://www.realestate.com.au/property-house-qld-ascot-128253082" target="_blank">the historic treasure</a> was built with its 22 metre frontage to Drummoyne Bay. 
It goes to June 30 private auction through local agents Warwick Williams and Adrian Sereni.
The sandstone boatshed, originally built as the bathing house for the now demolished Drummoyne House, is an enclosed luxurious swimming pool.
Clovelly has panels of leaded art-nouveau glass windows.
It is one of the few surviving waterfront properties that retains house, setting and garden and waterfront features.
It last sold at $1,525,000 in 1995. 
This article first appeared in The Sunday Telegraph. 
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