could fetch well above $10 million, amid scarce supply of luxury homes and strong demand from ultra-high net worth buyers, experts say.
“I think it will sell easily. It is in a highly sought-after location and has had a lot of publicity.”prime asset of Ms CaddickThe court-appointed receiver of Caddick’s assets, Bruce Gleeson from Jones Partners, said minor improvements and maintenance to boost the property’s luxury appeal had been undertaken since obtaining vacant possession in late May.
Gavin Rubenstein of Ray White franchise The Rubenstein Group said the lack of choice had spurred competition among buyers. The house at 3 Lindsay Avenue, Darling Point in Sydney’s eastern suburbs fetched $60 million, the highest sale in the past 12 months according to Ray White. “Overall, we continue to see strength in the prestige segment, primarily because many $10 million-plus buyers don’t rely so much on debt, but also because the economy is doing very well.