A luxury upper north shore house has sold through video link to a buyer in China for $6 million – the second prestige home in the area to sell to an overseas buyer site unseen over the past month.
The buyer in Hong Kong snapped up the house on Northcote Rd in Lindfield Friday night after an inspection via Facetime.
It was a speedy sale considering Ray White Upper North Shore agent Lisa Davies had only put the grand Federation property up for sale two weeks ago.
Ms Davies said the interest from overseas buyers was considerable.
“We are receiving a very high level of overseas buyer inquiry looking for property – spurred on by the low Australian dollar – which gives them an attractive exchange rate advantage,” she said.
Realestate.com.au data showed the property was the most viewed Sydney listing this week.
The Hong Kong buyer is understood to be planning a move to Sydney in the next year or so.
The sellers were downsizers “very happy” with the sale, Ms Davies said.
The Lindfield property was the second property Mr Davies sold for over $6 million to an overseas buyer inspecting via Facetime in the last three weeks.
The other property was a house on Elva Ave in nearby Killara, which changed hands for $6.3 million. The buyers were reported to be an expat family living in Taiwan.
“This was well above where the vendors thought the property may sell and reflective of prices we were seeing earlier in the year,” Ms Davies said.
The veteran added that there was a limited amount of stock on the market but plenty of buyers looking.
“There’s a huge appetite for high end prestige homes,” she said.
The Lindfield home is positioned high in a prestigious east-side setting, which offers a spectacular lifestyle with proportions of living that are reserved for only the most remarkable of residences.
With its gated entry and substantial 1707sqm block, pool and tennis court, the home is beautifully finished living with a commanding street presence.
Bespoke interiors deliver every luxury extra including a gym, wine cellar and decadent whole floor master retreat.
Foreign buyers are allowed to purchase Australian homes provided they are residents. Non-residents are only allowed to purchase new properties and must get approval from the Foreign Investment Review Board.