Excited buyers Keiran Faulkner and Jou Jou Faulkner, who are upgrading from a townhouse around the corner. Picture: Sam Ruttyn
THE smart money pounced in North Bondi home this morning, with a nicely renovated home selling to JB Were Senior Wealth Adviser Kieran Faulkner for $2,735,000.
“You can’t buy a house in this area for less than that — usually it starts with a three — so I think it was a good price,” Mr Faulkner said.
Yet the vendors of the three-bedroom, two-bathroom home at 12 Murriverie Rd were happy enough too, with the price being $35,000 above their $2.7 million reserve.
“It’s a good result in this market,” Marilyn Partridge said, who, with husband Larry, have lived in the home for 27 years. CoreLogic figures show they paid $342,000 in 1991.
The living areas at 12 Murriverie Rd, North Bondi, opened out to a private courtyard
They’re looking to buy a home in Sydney’s north to capitalise on the growing number of more affordable opportunities there.
“It’s time for a change,” Mrs Partridge said.
Mr Faulkner, with wife Jou Jou Faulkner, who runs her own marketing firm Setting You Up For Success, are upgrading from a townhouse around the corner with their children, David, 8, and Grace, 2.
“It’s exciting — we’ve been looking on and off for a year,” Mrs Faulkner said.
Auctioneer Jason Pantzer slams the gavel down in favour of Keiran Faulkner and Jou Jou Faulkner. Picture: Sam Ruttyn
Phillips Pantzer Donnelley’s Mary Anne Cronin and Lauren Ellison had four bidders register with three active.
One of the three active bidders arrived just as auctioneer Jason Pantzer was about to call for bids.
As he was registering, one larrikin told Mr Pantzer to hurry up because he had another auction to get to. “OK, what are you offering?” he said.
The living area at 12 Murriverie Rd, North Bondi
The bidder replied: “2.1 million”, which was laughed off by Mr Pantzer who said he would accept nothing less than $2.5 million as an opening bid, noting that a knockdown had just sold for $2.45 million nearby.
That’s when the smart money made his move, with Mr Faulkner offering $2.5 million.
Then it was off, with the bids rising in $25,000, $10,000, $5000 and $15,000 increments.
When bidding got to $2.62 million, Mr Faulkner asked if it was on the market, to which Mr Pantzer cleverly replied: “It’s been on the market for four weeks.”
The facade of 12 Murriverie Rd, North Bondi.
But it wasn’t until it rose to $2,715,000 that Mr Pantzer announced that a sale was imminent — “yes, it’s ‘on the market’, he confirmed.
One of the three announced “I’m out”, and after a few more $5000 bids the property was sold to the Faulkners, who embraced.
Ms Cronin said afterwards: “It’s just great to have both happy vendors and purchasers.”