DESPITE the coronavirus pandemic, the most successful Australian real estate business within the Ray White network just sold 14 properties totalling $64,501,000 in the last two weeks.
Ray White Double Bay Managing Director Elliott Placks said the value of a premier listing will always remain robust in any market.
“Stock is still hard to find but a rare commodity will always have interest. Buyers know opportunities do not come up every day and they also know it would be a shame not to take advantage of the scarcity factor,” Mr Placks said.
“We are in the middle of a global health crisis but there is nothing fundamentally different about the property market in Sydney’s eastern suburbs. We are busy, we are available 24/7 via virtual inspections, private inspections and on the phone.
“Our front door may be shut in line with the government’s rules but my team of 50 are very much still working and hustling for all our vendors and buyers”
Notable sales of the past few weeks includes the landmark Woollahra house at 13 Trelawney Street, Woollahra (above) which sold for over $18 million and was a suburb record by $1.5 million. The former site of the German Consulate General has been owned by the German government for more than 40 years and offered a rare opportunity to further capitalise on an R3 zoned north to rear allotment.
Another standout sale was the grand Californian bungalow called ‘Dunaird’, built over 100 years ago, at 1 Shirley Road, Wollstonecraft which sold for over $9 million and was a suburb record by $2 million. Originally built for Sir Clifford Love, one of the founders of Uncle Tobys, ‘Dunaird’ sat on a 1900sqm double block, capturing harbour and city views, with easy access to shops, train stations, cafes and the CBD.
“Right now we have more than $650 million worth of property that we are offering for sale both on and off market,” Mr Placks said.
This achingly beautiful property is for sale right now with the prized north east facing view plus absolute deep waterfront home on 1001sqm at 15B Coolong Road, Vaucluse. With uninterrupted harbour views, the home is being marketed by Elliott Placks and it’s being offered for the first time in 55 years with a price guide of $18 million.
Not too far away you’ll find 37 Wentworth Rd, Vaucluse, a blue ribbon street, offering the utmost in exclusivity and privacy. With its palatial formal and casual living zones, landscaped lawn and swimming pool, plus Calcutta marble island kitchen with European appliances this six bedroom home is on the market with a buyer’s guide of $15 million.
For sale at $7.6 million is the Bellevue Hill beauty at 95 Balfour Rd. Mr Placks said this striking architectural home has generously scaled interiors with 3.5m high soaring ceilings that flood the home with natural light. “Vast open plan living and dining areas flow seamlessly onto a large north facing wrap around entertaining terrace capturing sweeping harbour views.”
On the always popular Billyard Ave, Elizabeth Bay, you will find an extremely rare opportunity to buy 3 x 3 bedroom strata apartments in one line through Mr Placks. With $8.5 million hopes, the first offering of its kind in 25 years, this is a huge investment opportunity available at Unit 2,4,6/11 Billyard Ave, Elizabeth Bay.
“The quiet block of six is just a stroll away from the cafes of Potts Point, historic Elizabeth Bay House and the waterfront Beare’s Park.”
Ownership represents a half share entitlement of this magnificent building in a blue-chip locale. All three apartments are currently tenanted with $208,050 approx. per annum in gross income.
“There’s potential to become an owner occupier with extended family and live together, yet separate.”