IF ever there was an indication the Bondi property market was burning up it’s that James Packer has lastly offloaded his beloved Campbell Pde bachelor pad to astute father and son buyers Roy and Anthony Medich, who will in flip rework the 4 bed room house into their agency’s headquarters.
It’s understood Medich Company will relocate from the three-level terrace at 25 Challis Ave, Potts Level, purchased for $12.5 million solely final 12 months, which they are going to now hire out.
The document sale of Packer’s bachelor pad straight reverse Bondi Seaside was a part of a rare $60 million windfall amassed over 30 days for japanese suburbs agent William Manning of McGrath.
Whereas Sydney’s market malaise has seen a 5.four per cent value drop on common throughout town — the most important annual fall in six years — pockets of the east shine.
Darling Level condominium costs, which have a median worth of $2,428,605, rose 14.four per cent prior to now 12 months.
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In Double Bay, residences costs are up 13.eight per cent with a median value of $1,382,487, and Rose Bay costs have been up 12.6 per cent.
At Bondi Seaside, the place Packer’s condominium fetched a coastal document of $29 million final week, costs have risen 11.eight per cent.
Mr Manning, who offered the Packer property on July 23, additionally offered a Bondi beachfront penthouse at 14/102-106 Campbell Pde for $four.four million — to his sister.
In line with property data the purchaser was Sarah Rothwell, spouse of Winten Property Group chief govt officer David Rothwell.
“Personally, I feel Bondi is the most popular property market in Sydney when it comes to capital appreciation, return and life-style,” Mr Manning advised the Wentworth Courier.
Over the previous month, Manning additionally offered the heritage listed Wentworth Memorial Church in-built 1965 in Fitzwiliam Rd Vaucluse for near $6 million.
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He additionally offered Mrs Rothwell’s former funding condominium at 107 Stanley St, Darlinghurst, for $1.2 million and 61A Wallaroy Rd, Woollahra for $6.55 million to hotelier Natasha Stanley.
So as to add to the mammoth tally, Manning additionally offered a home at 75 Holdsworth St Woollahra beforehand owned by Alan Bond’s grandson for $four.eight million, amongst others throughout the east together with Dover Heights and a non-waterfront document in Maroubra.
Supply hyperlink – https://www.information.com.au/finance/real-estate/sydney-nsw/mcgraths-william-manning-scores-60-million-in-sales-in-one-month/news-story/1531d6bd2a363b5e585ce0d2071de0ef