Real Estate

atlassian pair buy renovatoraes delight first home in bronte

Written by The ReReport

Aimie and Josh Devenny, who both work for the software company Atlassian, in the Bronte renovator’s delight they bought for $1.37 million — $377,000 above reserve— at auction on Saturday. Picture: Luke Drew

HIGH school sweethearts Josh Devenny and his wife Aimie, who both work at tech firm Atlassian, paid $1.37 million for their first home in Bronte at auction.
Unlike many Sydney first home buyers, the couple said they didn’t need any financial help from their parents to buy the dilapidated deceased estate, forking out a sum that was $377,000 above the reserve price for a two-bedroom unit.

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Soon after the gavel fell, when asked if the record-breaking recent purchase of the Point Piper mansion, Fairwater, by their billionaire Atlassian boss, Mike Cannon-Brookes, had inspired them, Mr Devenny told the Wentworth Courier: “Not at $100 million, no!”

East auctionsExcited buyers Aimie and Josh Devenny embrace as they win the auction. Picture: Luke Drew

Mr Devenny, 28, who is the Principal Product Manager of Atlassian Home, and Mrs Devenny, Product Marketing Team Lead at Atlassian, also 28, have just returned to Sydney after four years working at the software firm’s San Francisco office.
The couple, who met when they were students at Penrith High School, married a year ago and it was Mr Devenny’s birthday on Sunday.

East auctionsThe kitchen needs some love …. Picture: Luke Drew

“I bought an apartment for him as a present,” Mrs Devenny joked.
Located around the corner from the beach, 3/23 Pacific St is an 87 sqm unit in the tightly held “Julian”, a boutique block of five units, built in the 1970s.
There are ocean glimpses from the living room and a garage — worth a fortune in these parts.
It had been the home of the late Lynette Stack for more than 40 years.

East auctionsNot to mention the bathroom. Picture: Luke Drew

The lure to buyers last Saturday certainly wasn’t the peeling paint, smashed parquetry floor and ugly kitchen and bathroom.
Nonetheless, Ray White Bondi Junction’s Sam Capra and Belinda Clemesha had 17 registered bidders — an astonishing number in the current market — with five competing furiously for it.

East auctionsBronte apartment in need of some renovation goes to auction. Picture: Luke Drew

East auctionsBuyer’s agent Ramon Cura shouts out the opening bid from across the road. Picture: Luke Drew

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The Devennys’ secret weapon was buyer’s agent, Ramon Cura, who shouted out the opening bid “$850,000” from across the road — as soon as Ray White auctioneer James Keenan asked for one.
Mr Cura then left the other bidders, mostly young couples, to fight it, not re-entering the race until late in the day — $1.32 million — eventually conquering the underbidder with a series of sharp $2000 bids.
“The key is to be confident and come in over everyone else at the end,” he said. The young couple are now planning their renovation.
“I’ve got some ideas,” Mrs Devenny said. “I wasn’t allowed to get too attached.”

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