Five bidders raised their hands for the five-bedroom home with harbour views and an extensive renovation.
A rare Wollstonecraft home sold under the hammer in less than six minutes for $9.1 million on Saturday. A young Chatswood family, who swooped in at the eleventh hour, won the battle – paying almost $1 million over the reserve to secure one of just two homes up for sale in the suburb.
Close to 200 buyers viewed the Wollstonecraft home, with bidding opening at $7 million despite one hopeful bidder attempting to kick it off with a $6 million low-ball bid. Chauncy said the market remained solid in the prestige sector, with high-grade homes in the $5 million to $10 million bracket performing particularly well. He added low supply was fuelling strong prices but noted an uptick of investors offloading properties in the $1 million to $2 million range as rental income wasn’t covering mortgage repayments.
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