In the space of a week, former chairman of Wesfarmers Bob Every and his wife Sheryl sold their Elizabeth Bay waterfront apartment for $22m and bought a Potts Point penthouse for $13m.
Both deals were negotiated by Jason Boon, the Richardson & Wrench gun, and James Agostini of Agostini Property Buyers, Dr Every’s vendor and buyer’s advocate.
Agostini says his client is pretty chuffed.
Dr Every, AO, has offloaded the 300sqm single-level garden apartment in the BKH-designed 28 Billyard Ave, bought off the plan for $4.4m in 2001, for $22m.
And promptly downsized to Sydney to Hobart winner Matt Allen’s pad in the Dorchester, listed with $15.5m+ hopes in February via Boon and his colleague, Geoff Cox, for $13m.
“He’s very excited about the Dorchester,” says Agostini.
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“They live three months in Perth, followed by three months in Sydney, so the Dorchester, which is close to the cafes and restaurants of Potts Point, will be perfect.”
The snappy exchanges of a few weeks ago were two of the few big deals in Sydney’s east in what’s been a very dry July, apart from Seek co-founder Paul Bassat’s purchase in Gladswood Gardens, Double Bay for just under $20m at the start of the month via Elliott Placks and Thomas Popple of Ray White Double Bay, and another for a similar price at 16 Kings Rd via Ray White’s Ashley Bierman.
One source confided it’s been particularly woeful for off-the-plan sellers in the Potts Point area.
“There hasn’t been a single off-the-plan apartment sale in Potts Point for six weeks,” he said.
Most of the top agents, of course, have been partying in Europe. Some are promising to be back on August 1.
Boon’s $22m sale for the single-level garden unit at 28 Billyard Ave follows his $28m sale for the double-storey garden unit next door last November.
That was Elizabeth Bay’s highest sale, followed by Matt Allen’s purchase in the Billyard Ave development at 29 Billyard Ave for just under that.
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Originally published as Two big deals in ‘dry July’ in Sydney’s east
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