Just in case you thought Australia’s market was slowing down due to a global pandemic.
There’s no denying it. Sydney’s housing market as the Red Hot Chilli Peppers would say, is more than ordinary. Residents in Sydney have witnessed housing prices rise like flash flood tearing through the state as we speak. This week, an apartment nestled in the heart of the infamous beachside suburb of Bondi fetched the highest price at Auction in the history of the country. What did it sell for?
A little over $20 million.
The iconic Eastern suburb is no stranger to smashing price expectations, however, this would indicate not only is Sydney’s market stronger than ever, but the hype over Bondi properties is still very real. If you have ever visited the Harbour City’s surfing capital you’ll understand Bondi is more of a lifestyle than a place. Waterfront properties, contemporary cafes serving the best health food and latest coffee is just one reason prices breach the real estate bubble. Just the word ‘Bondi’ paints an idyllic image for those who love the city, but love the ocean more.
The address of the prestigious listing, overlooking the most Instagram worthy Bondi Icebergs at 16/16 Notts Avenue, was purchased by the world champion yachtsman James Mayo for a shy $9.8 million. Many years later, the property sold well over its forecasted $15 million price tag. The property boasts an oversized terrace perfect for entertaining and alfresco dining. A deck with blistering views over Bondi beach, a media room and formal dining room, finished with parking for three cars and a combined living space of 304sqm.
The highest sale in Australian history focuses on a monochrome design while also giving natural light a whole new meaning. There’s no doubt the property was worth a high price, take a tour inside and see why it has become the highest sale in Aussie history.