{"id":37323,"date":"2022-03-11T08:51:51","date_gmt":"2022-03-10T19:51:51","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=37323"},"modified":"2022-03-11T08:51:51","modified_gmt":"2022-03-10T19:51:51","slug":"luna-park-rides-force-big-dip-in-sale-price","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/luna-park-rides-force-big-dip-in-sale-price\/","title":{"rendered":"Luna Park rides force Big Dip in sale price"},"content":{"rendered":"

PHOTO: Luna Park\u2019s new rides are the reason an apartment sold for less than two years ago.<\/strong><\/p>\n

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Nine new rides at Luna Park are being blamed for a Milsons Point unit selling for $200,000 less than its sale price two years ago.<\/p>\n<\/div>\n

The luxury three-bedroom apartment at\u00a03a\/6 Cliff St, less than 100m from the edge of the fairground, had a guide of $8m and has just sold for $7.8m.<\/p>\n

It last traded in August 2020 for $8m.<\/p>\n

Agent Nigel Mukhi, of Di Jones Neutral Bay, said three buyers were interested in the expansive apartment with amazing views in The Cavill in the heart of Milsons Point.<\/p>\n

<\/div>\n
\n
\"3A\/6<\/div>\n

3A\/6 Cliff St, Milsons Point, has just sold for $7.8m.<\/strong><\/em><\/div>\n

But it was the knowledge that nine new rides had been added to Luna Park rather than a change in the overall market that influenced the sales result.<\/p>\n

\u201cNot that the rides make that much difference,\u201d he said.<\/p>\n

And interestingly, the buyers already know and appreciate the location as they have been renting in the prestige building paying between $2,500 and $3000 a week for a unit in the modern block having sold their upper north shore home.<\/p>\n

\n
\"It<\/div>\n

It fetched $8m in 2020.<\/strong><\/em><\/div>\n

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\"Even<\/div>\n

Even the kitchen has a harbour view.<\/strong><\/em><\/div>\n

Mukhi said the sale was the highest in the suburb so far this year, expats were returning to Sydney and rents were climbing again.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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