‘I’m still shaking’: Former MP Virginia Judge buys Newtown terrace at hot Sydney auction
The former politician Virginia Judge bought a Newtown terrace today at auction paying $1.83 million, $180,000 above reserve.
Bresic Whitney principal Shannan Whitney and colleague Renee Dickey had 10 bidders register for the well-kept three-bedroom three-level home, tucked away in a quiet street behind King St, with half of them competing.
Opening at $1.5 million, the bids were immediately flying in $25,000 increments.
Ms Judge, who was the first Labor woman to be elected to the seat of Strathfield in 2003 and held various portfolios in the Rees and Keneally governments including Minister for the Arts, entered the bidding late at $1.8 million in the fast-paced auction.
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Auctioneer Gavin Croft slammed the gavel down in her favour after just a few more $10,000 and $5000 bids. When approached by the Sunday Telegraph who commended her on her choice of home and bidding strategy, Ms Judge said: “I’ve never done anything like that before — I’m still shaking!”
While she said the house was “great”, she’s looking forward to adding a few “personal touches”. This included installing a rainwater tank and maybe solar panels.
Ms Judge, and her partner, Dr Patrick Tooth, of the Tooth brewery’s family, are looking foward to moving in.
These days, Ms Judge is Development Manager for the Heart Research Institute as well as a passionate supporter of the arts as a Sydney Symphony ‘Vanguard’ member along with the Art Gallery of NSW ‘Atelier’.
The long-time Newtown resident says she loves the inner west suburb for its community of “dynamic young people” and “sweet seniors”.
Dr Tooth said he was keen on the walk-in pantry because he loved cooking.
Mr Whitney said the result demonstrated that heading into spring, Sydney has a “balanced” property market.
“Prices are still historically lower than they were at the top of the cycle in 2017 … but sellers should feel more confident than they were in 2018.
“Last year was very difficult and conditions now are much more favourable.”
The wide terrace, on a decent 123 sqm block and with a north-facing backyard, has been well looked after by the vendor, Anne Marie Toogood, who bought it for $859,225 in 2003.
Another inner west agent, Kevin Whelan, also had 10 bidders register with half of them competing for a totally unrenovated four-bedroom terrace on a 220 sqm block at 177 Wilson St, Newtown.
It sold for $1.95 million, $95,000 above reserve.
“It was very bullish,” Mr Whelan said.
“There has been a resurgence in buyers, we had 130 groups through this campaign, all looking for unrenovated homes in the $1.5 million to $2 million price range.”
Bidding had risen quickly in $100,000, $50,000 and $25,000 increments.
Most had been people wanting to renovate the home — an investment property since it last traded in 1974 — and move in.
But it was bought by another investor, a Hong-Kong and Sydney-based family who can expect $1000 a week in rent after a few improvements.