At that level, the result is the second-highest house sale in the Sydney suburb and returns Messara a handsome capital gain of more than $3 million in just 16 months.It is just one of a slew of trophy home sales that have secured their owners an impressive windfall in the post-COVID market. There is an acute shortage of homes for sale in the $20 million-range and strong demand from cashed-up buyers.
Atlas’ Michael Coombs declined to comment on the deal. But he had listed it recently with a guide of $25 million to $27 million. A sold sticker fronted the home’s billboard on Monday morning and settlement will confirm the exact price.The more than $25 million result is topped locally by theThat happened when the Balmoral slopes house on 1188 square metres was sold by Marjorie and Trevor Conway, the Dubai-based director of interdealer broker Tradition.
Following his purchase, Messara’s ownership of the property remained a carefully maintained secret given it was lodged in a beneficial trust. It was revealed by well-placed sources only after he listed it for sale late last month. His ownership also appeared in the paper trail behind the trust.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailytelegraph - 🏆 21. / 51 Read more »