Property values in these sought-after inner suburbs and Northern Beaches neighbourhoods have fallen over the past quarter, and the pull back in prices is rippling across the city.
It was the first time the property, a deceased estate, had hit the market in more than five decades, and it drew half a dozen bidders. A seller in the next suburb wasn’t so lucky and a pair of waterfront units passed in.
It was the first time the property, a deceased estate, had hit the market in more than five decades, and it drew half a dozen bidders. A seller in the next suburb wasn’t so lucky and a pair of waterfront units passed in.
It was the first time the property, a deceased estate, had hit the market in more than five decades, and it drew half a dozen bidders. A seller in the next suburb wasn’t so lucky and a pair of waterfront units passed in.
Melissa Heagney
Save
Share
A Mosman home that had been owned by missing iProsperity businessman Harry Zhou Xiang Huang sold on Saturday for $10.52 million, recording one of the biggest auction results for the weekend.
Disgruntled creditors had forced the sale of the four-bedroom home at 28 Fairfax Road after Huang and his associate and iProsperity founder Michael Menghong Gu fled the country last year.
28 Fairfax Road, Mosman, recorded one of the biggest auction results at the weekend.Â
They left behind debts believed to be as much as $350 million after iProsperity collapsed.
The business had been part of the federal governmentâs Significant Investor Visa program in which wealthy foreigners were granted fast-tracked residency visas.