‘Who cares about the election’: Burst of post-Easter property
There’s been a post-Easter burst of eastern suburbs prestige property onto the market, including the Bellevue Hill home of property developer Kun Deng and her family.
“Who cares about the election,” says Angus Gorrie of McGrath Estate Agents, who has the $5m listing of the luxury six-bed home at 12 Arthur St, with colleague Samuel O’Reilly.
He smart vendors should follow suit to take advantage of the shortage of quality property on the market.
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“We had 28 groups through this home on Saturday — all families — which is pretty good at this price bracket.
“And now with the election date locked in [at May 18], we’re seeing a lot of auctions booked in for May 25.”
After a lull because of Easter holidays and the election uncertainty, Mr Gorrie has five auctions booked for that date.
Other agents report a similar trend for the week following the election, with some moving earlier scheduled auctions to late May. Though new listings have been well down on previous years over the past few months.
Dover Heights delicacy
Another hot new listing is the brand new Dover Heights home owned by Dong Cai Chen and Junxiu Huang, a husband and wife team who export Australian wine to China.
‘Crest’, the five-bedroom, five-bathroom home at 2 Raleigh St, designed by Vic Lake & Associates, has a $9m guide via Ray White’s Gavin Rubinstein and Cae Thomas ahead of the May 23 auction.
That date is looming as a big midweek auction night.
There are harbour views, an infinity pool, steam room, wine-tasting room and lift in the Dover Heights home.
CoreLogic records show the couple bought the original home on the 569 sqm block for $4.5m in 2015.
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First images have arrived of the grand Bellevue Hill estate of Yellow Brick Road executive Jamie Schwarz and his wife, Amber.
The 1758 sqm property at 18 Drumalbyn Rd was bought from the estate of the late Lady Sonia McMahon in 2011 for $9 million.
It’s set to hit the market soon in an expressions of interest campaign via Michael Pallier of Sotheby’s.
Independent firm Pontons has valued the property at $17.5m.
It features manicured grounds by designer Myles Baldwin.
There could be no place more pleasurable for a game of tennis.
The family is moving to the Meditteranean-inspired home at 10 The Crescent, Vaucluse that they bought for $15.1m recently via D’Leanne Lewis of Laing and Simmons Double Bay and Mr Pallier.
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Point Piper dreams
With Atlassian billionaires buying up large chunks of Point Piper — the latest being Mike Cannon-Brookes’s $12m purchase adjoining his 1.1ha $100m holding — thankfully there are still apartments available for the rest of us.
Like the three-bedroom unit on the third floor at 15/2A Wentworth St, which has a $1.8m guide via BadgerFox’s Peter Leipnik and Alexander George.
The apartment, which has double parking and an amazing harbour outlook, is owned by Joshua Ehrlich and partner Bev Sutton.
It was also briefly home to the man who was Woollahra’s youngest mayor at the age of 22, Marcus Ehrlich.
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