The Sydney home that earned almost $6000 a day

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The Sydney home that earned almost $6000 a day
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Katie and Daniel Adamo’s Clifton Gardens house has sold for more than $18.5 million, making a capital gain of more than $4 million in the 17 months they had it.

Former recruitment boss Katie Adamo and her husband, prominent dentist Daniel Adamo, are already known for their high-end Mosman real estate, having sold the family home in 2020 for $22 million. But their latest home sale has shocked even seasoned local property watchers.

The Clifton Gardens home of Katie Adamo as it was when it last traded in late 2020 for $14.5 million. Well-placed sources say it sold for more than $18.5 million through Atlas’ Michael Coombs, who also sold it to Adamo. But the exact price remains unknown given no comment. Given the $952,000 stamp duty on the purchase, and 525 days since it was bought, the sale is estimated to have made $5800 each day it was owned by Adamo.

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