Rare homes such as this Bronte stunner that sold for $18m+ this week continue to shine in a spring market that’s generally becoming tougher by the week, agents say.
The five-bedroom, four-bathroom home with double garage, impressive pool and stunning ocean views at 160b MacPherson Sthad a $15m-$17m guide via PPD principal Alexander Phillips.
The conjunction agent was James Ball of Ballard Property.
Property records show the home is owned by Simon Corah, CEO of strategy consultants Growth Mantra, and his wife, Monique.
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“It had northerly aspect, views position and just the very size of it — very hard to come by,” Phillips said.
He had two buyers keen which got the deal done ahead of this week’s scheduled auction and the price went well beyond the guide because there’s not a lot to choose from.
“August was a really strong month with our team clocking up $110m worth of sales,” Phillips said.
“There was a spurt of new buyers in the marketplace, who had a lot of urgency.”
But he says week-by-week, the market has softened.
He says stock levels are very low — about 20 to 30 per cent less than usual — which will help prop up prices.
“A lot of vendors will only list if they’re confident they’ll get a premium so that’s drying up the stock levels, but because of that the market willl hold up a lot more than would normally happen.”
The couple have owned the home on a 538sqm block since 1995 when they paid $1,165,000. They have renovated in recent years, commissioning award-winning architect Virginia Kerridge.
Originally published as Bronte home owned by strategy consultant Simon Corah sells for $18m+
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