Wahroonga has a new suburb record of $13.03m after expats bid more than $2m over the reserve at auction to secure a grand statement home with tennis court, pool and 2484sqm block in Braeside St.
Tim Fraser, of Di Jones Wahroonga, said 27 Braeside St sold in just 24 days with eight bidders competing for the six-bedroom home in the suburb’s golden triangle. Adam McKay of Ray White was the co-agent.
“The opening bid was $9m and bids rose very quickly in $100,000 to $300,000 increments up to $12m; between $12.5m and $13m there were three bids,” Fraser said.
The house was a new build by Felton Homes in 2020 and the owners were anaesthetist Dr Woods and his wife.
“Buyers loved the quality build, the great location close to schools and rail and the 840sqm of accommodation,” he added.
“We are seeing a resurgence of expats returning to Sydney which is helping to drive these prices,” Fraser said.
“The eventual buyer was an expat returning from Hong Kong and there was a mix of local and international bidders for this property.”
The underbidder was a local family looking to upgrade.
The previous record for Wahroonga was $13m set in early 2018 for a six-bedroom house on 4096sqm of land also with a tennis court, indoor pool, billiards room and cinema in Walter St.
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