$155 million made from 5 sales show Sydney that there’s no slowing down for the property market.
It’s been said lately that the market is slowing down, people are worried about buying “at a time like this” and a crash is imminent, but Ray White Double Bay are proving that the market is stronger then ever. Over the past 6 months, Ray White Double Bay have been making some serious plays in property, and seeing daring buys along the way. With just a few of the sales totaling nearly $160 million, it appears that there is no crash in sight.
It used to be that the Australian record for a single house sale stand was $70 million for a Vaucluse property, La Mer, sold last year August. However, in the recent months, a secret sale from Ray White Double Bay director, Elliot Placks has seen Ray White Double Bay holding the new record with a sale of $80 million for an amalgamation of four homes.
Apart from this record-breaking sale, another noteworthy one is of course the sale of the neo-Gothic mansion Bishopscourt in Darling Point built in 1841. The sale, made by Double Bay Director, Craig Pontey, ended 105 years of ownership by the Anglican Church. The buyer spent $18 million on the official residence of Sydney Archbishop, Glenn Davies, and reportedly has suggested to spend $10 million more on refurbishing the mansion. The house measuring 6216 square metres consists of 16 bedrooms, a formal reception room, grand dining room, offices and a chapel and is listed on the Register of the National Estate.
With these two sales, along with 24 Victoria Road, and 2 properties in Wunulla Road, that brings the total to around $155 million, from these five sales made by Ray White Double Bay.
Image credit: Sam Yeldham
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
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