A spillover in demand for luxury housing from the eastern suburbs resulted in a $33 million sale this week.The push in favour of working from home has eased concerns about the commute.You know things are tough for the cashed-up house hunters of the eastern suburbs when the shortfall in ultra-prestige homes for sale becomes so acute they are forced to look to Mosman.
The spillover across the harbour was brought into stark relief on Monday when a buyer from the east paid $33 million for a house on Balmoral slopes, making it the north shore’s most expensive sale on record. Former Perpetual boss Geoff Lloyd sold his Federation mansion, Cambria, for more than $17 million to a buyer from the east.
Buyer’s agent Deb West, of SydneySlice, said she has more clients on her books asking her to run searches in both the east and Mosman area because there’s so little on offer across the board. Three of her clients have already transitioned from the east to buy in Mosman because of the comparable amenity in terms of village atmosphere, the beaches and harbourside bush tracks.
Atlas’ Michael Coombs sold two of the suburb’s top houses to buyers from the east. While he declined to reveal the sale prices, one is widely tipped at more than $19 million for a designer residence with a pool and tennis court on Elfrida Street; the other for more than $17 million for a Federation mansion, known as Cambria, on Balmoral slopes.
Lucy_Macken Who'd want to live in Mosman of all places?