Roxy Jacenko stills seeks buyer for Woollahra investment cottage, as prestige buyers baulk

The businesswomen Roxy Jacenko didn't get to sell her investment cottage, and former home, at 12 Nelson Street, Woollahra following its weekend auction listing.

She wanted $3.5 million, but like so many other prestige auction vendors faced buyer hestitancy.

She decided to list her investment property as she's been looking to purchase a commercial property to house her business, Sweaty Betty PR.

The 329 square metre property – with the two-bedroom, two-bathrooms was bought in 2006 for $2.8 million.

Interior designer Blainey North fitted out the double fronted, one story, residential home which was previously for sale in 2011 with a $3 million price tag.

According to Australian Property Monitors, there were just three sales over $1.9 million at Sydney weekend auction. They included $1.933 million in Willoughby for a renovated property last sold $590,000 in 1998. There was a $2 million sale in Mosman and a $2.3 million sale in Paddington. 

APM recently carried out a study of $2 million plus sales and found the highest proportion of $2 million plus sales were in:

Strathfield

Balmain East

Glebe

Darlinghurst

Birchgrove

Cronulla

Sylvania Waters

Randwick

St Ives

Wahroonga

 The APM report released in July found Strathfield's 37 sales reported of more than $2 million was more than the combined tally of Point Piper, Double Bay and Vaucluse.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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