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Deposit bond provider approves $1m bond

Deposit bond provider approves $1m bond
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The approval of a record-high deposit bond is being attributed to several market trends, including steep property prices, the prevalence of “upsizers”, and more demand for credit.
Deposit Bond provider Deposit Power has announced that it has approved a record $1 million deposit bond, which it said was required to purchase a $10 million property in metro Sydney.
Deposit Power also said that a $600,000 deposit bond was also approved in the same week, adding that these amounts have exceeded the average deposit bond, which is usually less than $100,000.
According to the deposit bond provider, in both instances, the purchasers were upsizing and required a deposit bond to offset their cash being bound in equity in their existing properties. ....

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Freight boss Terry Tzaneros revealed as buyer of lawyer Sarah Cooke's $40 million trophy home in Point Piper, Sydney

Terry Tzaneros and his wife, Anne, have emerged as the owners of one of this year’s most expensive houses, the Point Piper, Sydney, residence of Sarah Cooke. ....

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Sydney luxury property sales: Options trader Toby Allen buys himself a $13 million-plus Palm Beach house for his 36th birthday

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Toby Allen, a former bitcoin trader and current head of trading for APAC at global options trading company Akuna Capital, turned 36 last week – and what better present to buy himself than the Palm Beach getaway of retired coal miner Trevor Bailey?
There were gag orders preventing Sasha de Bilde, of Pittwater Property, revealing the sale price, but sources say Allen paid about $13.5 million, which is a little more than the $13 million it passed in for at last month’s auction.
The sale price didn’t quite reach the $14.95 million original hopes this year, but is almost double the $7 million it last traded for in 2013 when sold by opal exporters Lyn and Tom van Brugge. ....

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Point Piper eco-mansion which sold for $40million is most expensive 2021 Sydney sale

An ultra-luxurious eco mansion in affluent Point Piper is the most expensive home sold in Sydney this year after it went for more than $40million in a lucrative top-secret sale. ....

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Former Qantas chief Geoff Dixon takes flight

Relax and enjoy the view!
There s certainly plenty of room for families, professional couples or downsizers and their guests since the residence offers 438sqm of indoor and outdoor living space.
Finished to the highest possible standard, the couple have done a range of cosmetic improvements to the residence, which is one of just three in the boutique complex.
It offers an enormous open-plan living and dining area with a gas fireplace that s surrounded by marble.
An additional formal lounge room has harbour views and a surround sound system.
The master suite occupies the entire first floor.
Full-height bi-fold doors lead to an enormous sunny wraparound terrace with Harbour Bridge views that s perfect for large-scale entertaining. ....

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