AN Art Deco apartment block that cost its owners £29,000 almost 80 years ago has sold for more than $33 million, which is believed to be the highest residential price sold at auction in Australia.
“There’ve been a couple of higher commercial ones — one for over $40 million — but we reckon this is the highest residential sale under the hammer ever in Australia,” one of the sales agents, Craig Pontey, of Ray White Double Bay said.
22 Albert St, Edgecliff is right next door to Carmel (left) that sold for more than $15 million in October.
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