1005/7 Rockwall Cres, Potts Point has a $4m guide for a December 2 auction.
Having had a string of sales for his vendors, including one power couple who’ve doubled their money, Highland Double Bay agent David Malouf is throwing caution to the wind and listing his own property for auction.
“I’m going to market, things aren’t that bad, ” he says.
“We’ve had over $200m in sales this financial year, the market’s still strong, and if you’re in a position where you want to go to the next level, now’s a great time.
His argument is that if you’re buying and selling in the same market, and particularly if you’re upgrading, even if you don’t get your dream price for your current lower-priced property, the higher-priced one is likely to have a bigger discount.
‘Once in a lifetime’ chance in Double Bay
Highland Double Bay Malouf director David Malouf bought his apartment for $2,561,000 in 2020.
Malouf converted the two-bedder into an oversized one-bedder … but it’s easy to change it back.
The apartment’s on level 10.
Michael Clarke slashes price in Vaucluse by $5m
Insisting he is yet to buy his next property, he’s putting the two-bedroom unit with two balconies and iconic views that he bought in 2020 for $2,561,000at 1005/7 Rockwall Cres, Potts Point under the hammer on December 2 with a $4m guide.
“It’s a great guide, if I get a few people interested I could even get $4.5m or $5m,” he says.
His colleagues, Sam Schumann and Tarkan Sivas, have the listing, and Schumann agrees it’s fairly priced.
“It’s very special, two bedrooms converted into an oversized one-bedder with beautiful north-easterly views, so I think it will do really well,” he says.
The agent, Samuel Schumann, says the apartment is “beautifully done” and will appeal to a broad range of buyers.
There are two balconies with dream harbour views.
The Bridge and Opera House look incredible from this apartment.
“We sold one a couple of floors down a few months ago that was completely original, unrenovated, and that sold for $3.5m.
“This one is beatifully done and on level 10, so we think
“On level seven, you don’t get the view, beacuse you have apartment blocks in the way.”
Schumann, who says converting it back into two-bedder is as simple as removing a wall, says he’s expecting interest from a range of buyers.
“It could be a downsizer, a young couple, a bachelor pad … all of the above, it’s got good proportions so it will appeal to a broad spectrum of buyers.”
Coogee oceanfront sells for $26.5m
