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Cherie Humel and Michael Clarke could not comment but had a guide of $35 million, and a source with knowledge of the deal but not authorised to speak publicly said it sold in line with the guide.
The Manly trophy home was among the top sales this week.Credit:
At the other end of the market, in Chippendale, a local first-home buyer renting around the corner kicked off the auction with a $630,000 bid, fuelling a flurry of $10,000 bids past the reserve.
White said bidding slowed at the $750,000 mark, with the buyers – who had been living in Surry Hills since relocating from Albury – throwing down a final $5000 to secure the keys.
The auction revealed the intensity of the first-home buyer market and some of the big budgets on display in Sydney’s entry-level sector.
However, White said, buyers were becoming increasingly picky. “The good homes have all of the attention right now and the average ones don’t,” he said.
“Having 12 registered bidders on this one was huge, but the average number of bidders right now would normally be three, so that’s a sign of the rarity of the commodity.”
A sprawling five-bedroom home at 47A Bent St, Lindfield with a lush rainforest backdrop fetched $3.25 million under the hammer on Saturday after an upsizing North Shore family outbid one other punter.
It’s the third time selling agent Jessica Cao, of Ray White Upper North Shore, has sold the home since 2014 – homeowners there typically hold properties for 20 years. She said the pandemic foiled the plans of the vendors, a couple who had planned to relocate from Melbourne.
“I only sold this house to them in 2019 for $3 million. They were going to come up to Sydney because of work, but then COVID changed everything,” she said. “The job changed, and they were forced to rent out the house instead.”
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Cao said she had sold the home in 2014 for $1.85 million, which indicated the steady growth and desirability of the area among buyers craving a large home close to nature.
“The latest buyers had only been looking for two months, so they were very efficient. For them, it was all about the serenity and the tranquility.”
The price guide was $3 million, and bidding for the home started at $2.9 million, rising mainly in increments of $50,000. The auction was over within 10 minutes, Cao said, having fetched the reserve price.
At Bondi Beach, a two-bedroom, top floor unit at 9/3 Cox Avenue sold under the hammer for $1,315,000 to a Melbourne investor, who paid $65,000 over the $1.25 million reserve.
Selling agent James Ledgerwood, of McGrath Double Bay, said four out of five registered bidders participated. The final $1000 bid knocked out competing first-home buyers who were relying on the bank of mum and dad and had been looking for some time.
Ledgerwood said bidding kicked off at $1.15 million, and 20 of the 30 bids were of $500 and $1000. The price guide was $1.15 million to $1.2 million.
“About 15 bids of those were $1000 bids, and they were thrown down in rapid-fire succession, so it was an exciting auction. And I think that’s because it was a quality home in a good area,” he said.
A 1916 heritage home on a 1258-square-metre block in Marrickville collected an eye-watering $900,000 more than its $3.7 million reserve at a hotly contested auction, with two siblings pooling their resources to pay $4.6 million.
BresicWhitney selling agent Frederico Fraga-Matos said the four-bedder at 321 Marrickville Road, known as Montrose House, had been carefully restored while maintaining its heritage high ceilings and even the original bathtub. It lured buyers from around Sydney.
“We really weren’t expecting it [to] get that price,” Fraga-Matos said.
“The price guide was $3.5 million all throughout that campaign, so we thought it would maybe get to the high $3 millions, but this home has such a historic significance, and it’s a landmark home on a big landholding.
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“It’s also single level, and that really appealed to families.”
He said there were six registered bidders, of whom five participated, mostly upsizers. The winners – a multi-generational family from Darling Point – loved its single-level accessibility for their elderly parents.
“One of the siblings recently sold her home in Darling Point for around $3.3 million, and they had been looking for about 12 months for the perfect place for the whole family,” Fraga-Matos said.
An upsizing Stanmore family kicked off bidding at $3.5 million, with increments of $50,000 and then $20,000. The underbidders were a young couple renting nearby.
The vendors bought the property in 2021 for $3.4 million and were selling due to a job offer in New Zealand.
With Lucy Macken
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