Last week, in a heated auction that can only be described at “hectic” the 5 bed room Balmain waterfront was sold for $5.475 million- topping the weekly Sydney sales price.
The average sale price for a 4 bed home in Balmain is $2.6 million, making this sale 210% higher than the average price.
As reported in the Weekly times This house at 5B Tilba Aveachieved the top sale for the week in the inner west, with five to six registered bidders competing. Listing agent Michael Finger of Ray White Double Bay said there was a “salad of buyers”, with families and empty nesters looking to snap up the house.
The vendor originally bought the original 740 sqm property 2 years ago for $4 million before subdividing and developing the site into two homes. Both the vendor and the purchaser – a family from the North Shore were extremely pleased with the result.
This highly reported property was sold by Michael Finger and Peter Leipnik of Ray White Double Bay.
After a bumper April, the team have managed to surpass their sales record again, with the month of May setting a new record of over $255,000,000 of transactions! With 69 properties sold, we are so happy to have helped 140 individuals and families to the next stage of their lives … Read more
A masterclass from Warren Ginsberg and Elliott Placks on how to correctly take advantage of the market and deliver the best results for their clients. Congratulations to our vendors and the lucky new owners of this luxury home! Demand continues to grow in the eastern suburbs as stock levels combined … Read more