28/03/2021
MARCH MARKET NEWS
Records have been broken in a recent auction in Sydney. A penthouse apartment overlooking Bondi Beach sold through Ben Collier and The Agency in Eastern Suburbs has broken the Australian record for most expensive apartment sold via auction.
The bidding kicked off at $14.5 million and 65 bids later a local Sundry buyer came away with the apartment for a cool $20.1 million.
There is a noticeable uplift in the blue chip luxury apartment market across Australia. This Bondi apartment was last traded in 2016 for $9.8 million and the value shift is indicative of the demand for prime apartment real estate in Australia.