The real estate firm has been chosen to handle the sale of Melissa Caddick’s Sydney mansion, and proceeds are expected to compensate investors from whom she took more than $23 million.
Top tips on winning a real estate bidding war
Strategy can outmanoeuvre buckets of cash in real estate property sales.
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Delivering the knockout bid in tightly fought residential auctions sometimes requires tactics as much as money, say veteran property buyers.
A bucket of cash will win seven times out of 10, they claim. But for other auctions, the winning mix will be a combination of style, guile and savvy use of a smaller pile of savings.
‘You need to assert confidence, put the other bidders off their game and be ready to apply some intimidation,” says Cate Bakos, a buyers’ agent.
Mansion Global
Expats Keeping Sydney’s Real Estate Market Humming
While the Covid-19 pandemic has kept foreign investors from buying in Australia, former residents are returning to purchase homes in droves By Kirsten Craze |
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Sydney has seen an increase in expats seeking new homes in the city amid the coronavirus pandemic. Pixabay
Sydney has seen an increase in expats seeking new homes in the city amid the coronavirus pandemic.
Pixabay
Closed borders have done little to dampen the demand
for luxury property in Sydney as expats have stepped in where foreign buyers
left off prior to the pandemic.
A steady stream of off-shore purchasers had been snapping up Sydney’s mega mansions in the 2010s, but after the federal government tightened buying restrictions for non-Australian residents in 2018-19, their numbers had been declining.
Inside the spectacular suburban hideaway inspired by a 1959 Hollywood thriller - complete with a Japanese garden oasis, a sunlit living room and a sunken saltwater swimming pool
A hillside house 15 minutes drive from Sydney CBD was inspired by a mansion in an iconic Hollywood movie
The design was based on the house atop Mount Rushmore in Alfred Hitchcock s thriller, North by Northwest
Built in 1961 by Australian architect Bruce Rickard, the lavish estate has a Japanese garden and sunken pool
Inside are five bedrooms, a home office, a wine cellar and a cinema room that opens onto a balcony
A striking stone fireplace is the centrepiece of the enormous open-plan living and dining room