Luxury Sydney House Transactions – 2010

Despite uncertainty of the Sydney residential market, there have been some exceptional transactions this year. 2009 experienced a recovery in the residential market that was led by the lower priced section and primarily by 1st home buyers. 2010 has witnessed the luxury end of the Sydney market resurface as buyers feeling bargains will begin to decline as the year progresses.

For 2010 the highest price to date was Carrara Rd, Vaucluse which sold for aound 26.75m in May through Ray White Double Bay. Jonathan Chancellor noted in the SMH on June 3 the following – ” The top-20 Sydney house sales (see below) in the past six months total $232 million, down only marginally on the $244 million in the last six months of 2009, and the $239 million total in the same six months last year”.

Monica Saunders-Weinberg snapped up the second largest deal of the year for the Drumalbyn Rd, Bellevue Hill residence.  Coming in 3rd place is the Ryan family who purchased for 16.3 million the harbour-front Vaucluse house on the Crescent owned by David Morgan of private equity group JC Flowers.

“Mosman holds five of the places among the top-20 sales so far this year. Two of the sales involved the former president of Fidelity Investments Asia-Pacific, funds manager Brett Goodin”.

Top 20 Sydney house sales 2010

No. $m Address
1 $26.75* Carrara Rd, Vaucluse
2 $20* Drumalbyn Rd, Bellevue Hill
3 $16.30 The Crescent, Vaucluse
4 $15* Wentworth Rd, Vaucluse
5 $13.50 Victoria Rd, Bellevue Hill
6 $12.8* Morella Rd, Mosman
7 $11.9* Wolseley Rd, Point Piper
8 $11* Bay St, Mosman
9 $10.25* Edgecliff Rd, Woollahra
10 $10.10 Sabina St, Mosman
11 $10 Barrenjoey Rd, Palm Beach
12 $9.6* Bower St, Manly
13 $9.20 Greenoaks Av, Darling Point
14 $9 Vaucluse Rd, Vaucluse
15 $8 Rosemont Av, Woollahra
16 $8 Ocean St, Woollahra
17 $7.85 Warringah Rd, Mosman
18 $7.75 Goodhope St, Paddington
19 $7.60 Burton St, Mosman
20 $7.5* Victoria Rd, Bellevue Hill

* Price not yet officially recorded

CohenHandler are a buyers agent who act exclusively for people seeking to buy property in Sydney.

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