{"id":34779,"date":"2021-09-25T08:21:36","date_gmt":"2021-09-24T20:21:36","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=34779"},"modified":"2021-09-25T08:21:36","modified_gmt":"2021-09-24T20:21:36","slug":"little-bay-house-sells-for-9-3-million-breaking-suburb-record","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/little-bay-house-sells-for-9-3-million-breaking-suburb-record\/","title":{"rendered":"Little Bay house sells for $9.3 million, breaking suburb record"},"content":{"rendered":"

PHOTO: Little Bay’s suburb record was broken on Friday, with the $9.3 million sale of a waterfront home.<\/strong><\/p>\n

A house in Little Bay in Sydney\u2019s south east has sold for $9.3 million, smashing the suburb\u2019s previous record by almost $3 million.<\/p>\n

The five-bedroom coastal home had been scheduled for auction next month with an $8 million price guide but sold on Friday to a buyer in Taiwan.<\/p>\n

The\u00a0Murra Murra Place property\u00a0had been on the market for less than three weeks, drawing strong interest from eastern-suburbs house hunters and some international buyers \u2013 with about 50 inspections conducted.<\/p>\n

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The Little Bay home had been scheduled for auction next month.<\/em><\/strong><\/figcaption><\/figure>\n

When selling agent\u00a0Nader Hotait, of\u00a0Ray White Eastern Beaches, flagged a pre-auction offer of $8.5 million with interested parties, a process of multiple offers ensued between the Taiwanese purchaser, a buyer from Russia and a Clovelly local, and the home sold on Friday morning. The buyer plans to relocate back to Australia in the next six months.\u00a0<\/span><\/p>\n

The result smashed the suburb\u2019s previous price record, the $6.4 million paid for a five-bedroom house nearby on Lister Avenue last year, which also traded through Mr Hotait.<\/p>\n

\u201cWe would never have expected anything in this price point,\u201d he\u00a0said.\u00a0<\/span>\u201cEven when we broke the price point 12 months ago that house took about six months to sell. Now with the shortage of property on the market and a lot of people trying to get into coastal homes, it\u2019s driving prices up really strongly.\u201d<\/p>\n

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An open plan living, dining and kitchen area takes up most of the ground floor.<\/strong><\/em><\/figcaption><\/figure>\n

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