As the rest of Sydney property wallows in property misery, the mood is upbeat in the harbourfront suburb of Vaucluse where $100 million worth of homes have sold in 12 days.
The most expensive of these has been the hushed-up sale of about $39 million for a waterfront at 9 Coolong Rd in a deal understood to have been stitched up on Monday by LJ Hooker Double Bay legend Bill Malouf and Ben Collier of The Agency.
RELATED $11.8m sale in Vaucluse
Mr Malouf was bound by confidentiality agreement and couldn’t comment while Mr Collier was unavailable, on a plane to the US, today. However, other sources confirmed the sale.
CoreLogic records show the home is in the name of Qiaorong Huang, wife of a Chinese supermarket billionaire, who bought it for $36 million in 2015.
This sale followed the sale of more than $20 million last Friday of a six-bedroom renovator’s delight with its knockout iconic harbour views at 4A Vaucluse Rd, owned by Hong Kong-based couple Rosemary and Desmond Inglis for more than 45 years.
“We had local and international interest,” Paul Rich of Rich’s Double Bay said.
It was bought by a local property developer who plans to build a dream home for his family.
Then at last night’s auction, Ray White Double Bay’s Gavin Rubinstein sold the five-bedroom home at 7 Dalley Ave, Vaucluse of David Tapper, senior partner managing director of Boston Consulting Group, for $7,720,000.
There’d been four registered bidders, with two of them fighting it out for the home.
“Some in the press are saying the market’s coming off — I don’t think so, not at that end of the market.
“There’s a lack of quality choice and that iconic view is performing the best I’ve ever seen, 10 years-plus.”
The other sales include the home of Mark Michalowsky and his wife, Roleen, at 6 Burrabirra Ave. Mr Michalowsky sold his industrial gas business, Supagas, for more than $300 million and in September bought a Vaucluse waterfront for $28.5 million.
The redundant home sold on November 26 for an undisclosed price through Raine and Horne Double Bay’s Martin Maskin and Jake Carter. Though safe to assume it sold within its $8 million to $8.5 million range after it failed to sell at its November 22 auction.
The remainder Vauclase sales making up the $100 million are the November 29 auction sale of the Leung family’s six-bedroom home at 17 Gilliver Ave, which sold for $11.8 million through Raine and Horne Double Bay duo Alex Lyons and Ric Serrao and the November 27 sale post-auction for $13 million of a rebuilt five-bedroom mansion at 9 Vaucluse Rd, again through Mr Rubinstein and his colleague Cae Thomas.