Sydney’s $8.1m Sale, NY Couple Land Melbourne Pad

An Australian expat couple dialled in from New York to secure a Melbourne home at auction today, while strong competition in Sydney led to a ‘bumper day of sales’.

A renovated historic home in Sydney’s Woollahra sold for an eye-watering $8.1 million today, with three registered buyers vying for the prize. It is understood to be the highest price paid at auction in Australia this week.

While in Melbourne, buyers are reportedly undeterred by online auctions as coronavirus lockdowns continue.

356 Edgecliff Rd, Woollahra sold at auction for $8.1 million.


Latest realestate.com.au auction data shows New South Wales has a clearance rate of 73% for the week to date, while Victoria’s preliminary clearance rate currently stands at 68%.

Here’s what happened in the auction capitals today.

Melbourne

A charming three-bedroom townhouse in the city’s east sold for $1,366,000 at auction today, to an Australian couple currently living in New York.

Tim Heavyside, from Fletchers Canterbury, said 2/3 Raynes St, Balwyn started the auction had four bidders and opened at $1.1 million bid.

“It went on the market at $1.3 million and sold for $1.366 million to a purchaser in New York. They’re Australian expats plan to live in it eventually, although they can’t get back at the moment,” he said.

“I’ve found that this time around, in iso 2.0, buyers are more accepting of the online [auction] method. So it’s been okay.”

Mr Heavyside said a nearby property, 12 Albert St in Surry Hills, passed in at auction today at $2.27 million with three bidders, but was confident it would sell quickly.

In Melbourne’s inner south, the Balaclava home of former Richmond and Geelong player Taylor Hunt sold for $1.378 million.

The two-bedroom pad at 20 Camden Street sold for $1.378 million in an online auction with four bidders. 

Sydney

A ‘shell of a home’ in inner Sydney attracted plenty of interest at auction today, with six bidders registering for the rundown three-bedroom terrace.

49 Abercrombie St, Chippendale attracted six bidders at auction today, despite its rundown condition. Picture: realestate.com.au


Despite its peeling paint, overgrown backyard and lack of parking, 49 Abercrombie St in Chippendale sold for $1.15 million. The price was $35,000 over reserve and $150,000 above the guide price.

In the south, a two-level house on Billara Ave in Gymea Bay sold under the hammer for $1.135 million, which was $50,000 below the seller’s original reserve.

For more Sydney auction action, read here.

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