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Sydney Bondi beach 62 square meters apartment for $2.86 million

 
[Economic News]     01 Mar 2018
Apartment No. 7 / 2 / 4 Noz Street, Sydney Bondi Beach (photo of the real estate website Realestate)

Apartment No. 7 / 2 / 4 Noz Street, Sydney Bondi Beach (photo of the real estate website Realestate)


Summer is over in Australia, but the Sydney Bondi Beach (Bondi Beach) apartment market is hotter than ever.

A total of 1400 properties were auctioned in Sydney over the weekend, according to real estate website Realestate. Among them, Sydney Bondi Beach (Notts. Street) Ave) a flat at 7 / 2 / 4 sold a staggering A $2.86 million. The average apartment price reached A $42,000 per square meter, a record average for a flat on Bondi Beach.

Although the apartment area is only 62 square meters, but has the perfect beach view, and with parking space. The apartment was listed for A $2.5 million, with eight buyers enrolled in the auction, four of whom had a strong desire to buy a house.

Real estate agent Bauer (Ron Bauer) said the final winner of the apartment was a middle-aged couple from the area who planned to move into the apartment.

Meanwhile, Bauer and his colleague McMaster (Hamish McMaster) were shocked at the A $3.51 million sale of the two apartments at (Hall St) 507 / 63 Hall Street on Bondi Beach. The flat covers an area of 140 square meters and is priced at A $2.5 million.

It is reported that the apartment attracted a total of six buyers to register for the auction, half of which are investors, in favor of the apartment`s A $2300 a week rental income. Apartment seller Moro (Rupert Morrow) is a 30-year-old television producer. He bought the flat for A $2.15 million in 2013, not expecting a net profit of A $1.36 million in just five years, and is still in a mood of excitement.

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