Planet Bondi Property Blog

Back in the good old days before Covid any sale of a home in North Bondi or Dover Heights over 10 million would have been big news.  However during early July to Oct 11, 2021 Sydney Delta lockdown, these huge prices have become more and more common.   This is a tale of two homes that are only 550 meters by foot apart and both sold for over 11 million in September of 2021.  90 Military sold for 11.5 million while 99 Murriverie Rd sold for 11.235 million. The incredible thing about both homes is that they both traded for about 5 millions less only a few years ago 90 Military sold for 5.76 million in May of 2018 so that gain in value in Sept 2021 was a whopping 5.74 million https://www.realestate.com.au/property/90-military-rd-dover-heights-nsw-2030 99 Murriverie sold for 6.3 million in June of 2019 so the gain in value in Sept 2021 was an incredible 4,935 million. https://www.domain.com.au/news/north-bondi-house-sold-in-2019-for-6-3m-resold-by-30-year-old-for-11-235m-1...

  1/17 Loombah Road - Dover Heights The highest price ever paid for a dual occupancy or semi in Dover Heights is 6.25 mill.  Sold on May 20, 2021 and it was 5 bed / 4 bath / 4 car with decent harbour views at 1/43 Hardy Street. https://www.domain.com.au/property-profile/1-43-hardy-street-dover-heights-nsw-2030 1/17 Loombah is 3 bed, 3 bath, 2 car with not great views and word has it that the vendor was offered over 6 mill but wants more than 7.   Is it worth it? https://www.realestate.com.au/property-house-nsw-dover+heights-136400234 Here is my take: I went to one of the very first inspections of this property went it first went on the market.  One of the first things that irked me was the fact the the property was clearly not complete.  The gates between the street and both the front and back yards had not been installed and while walking on the patio I noticed that some of the tiles had yet to be secured to the concrete below.  When you have been bui...