Sell with Confidence
Read More

Lush South Coast Parcel Auctioned for Record

LAST night the unstoppable Sydney sales agent, Craig Pontey of Ray White Double Bay, along with Ray White Gerringong principal Neil Campbell, auctioned off the most talked about property on the South Coast of NSW for a record price.

Fashion pioneer and Ingham chicken heir Robby Ingham and wife Sarah sold their infamous block called Ocean Pines for $11.3M last night at auction.

It’s understood the picturesque 100-acre property smashed it’s reserve price by more than $3M.

The lush parcel of coastal land was auctioned at the Crooked River Winery in Gerringong, less than two hours south of Sydney.

There were four registered bidders, two of which were very active, and the winning buyer was understood to live in Sydney’s eastern suburbs.

“It was an exciting auction. The auctioneer called it on the market at $8.5M,” said Mr Pontey, who is no stranger to setting real estate records given he helped sell an Edgecliff property last year to set the highest residential property price ever sold at auction in Australia for $33.250M.

“Robby was on the phone, not in the room, but he’s over the moon with the result.

“It’s the highest price ever paid under the hammer on the South Coast.”

In September 2012, the 40-hectare parcel at242 Fern Street, Gerringongsold for $7 million, was purchased by Robby Ingham Pty Ltd.

Mr Ingham had plans to extensively develop the coastal rural holding but no work had been undertaken at the cattle grazing property despite lengthy legal proceedings which resulted in approval for the  prized 10 bedroom circular development.

Ray White Gerringong principal Neil Campbell said buyer interest had come from over all over, with 1500 direct inquiries during the campaign.

“We even had expats from Singapore and Hong Kong who came to have a look at it but In the end though the four buyers who were registered to bid were all from Sydney,” Mr Campbell said.

“It’s an amazing piece of land but there’s not another one like it, despite people asking me all the time.

“Robby is ecstatic with the result. He had plans approved to build an incredible 10 bedroom circular home but he also owns a beautiful 50 acres with an amazing house just two minutes away at Gerroa overlooking Crooked River and the beach which is their weekender.”

Up to Date

Latest News

  • Top agency team sells six properties in 10 days amid pandemic

    DESPITE the COVID-19 pandemic, an Associate Director and Sales Executive from the most successful Australian real estate business within the Ray White network has sold six properties totalling more than $15,500,000, in just 10 days. The highlight of the six deals was the $3,500,000-$3,700,000 sale of 1 Shaw Street (pictured above) in … Read more

    Read Full Post

  • Ray White Double Bay returns to auctions with a bang

    IT WAS a chilly night in Sydney but that didn’t stop nine eager bidders from turning out for the hotly contested Ray White Double Bay auction at 113 Victoria Road, Bellevue Hill. Sold by Double Bay Managing Director Elliott Placks and agent Alan Fettes, the four bedroom home went under the … Read more

    Read Full Post