$3.95 million Drummoyne apartment sale tops Sydney's weekend auctions

The four bedroom apartment at 3/353 Victoria Place, Drummoyne fetched $3.95 million

$3.95 million Drummoyne apartment sale tops Sydney's weekend auctions
$3.95 million Drummoyne apartment sale tops Sydney's weekend auctions

A waterfront Drummoyne apartment topped Sydney's weekend lockdown online auction results.

The four bedroom, two bathroom apartment at fetched $3.95 million.

Marketed by McGrath as having house-like proportions, it last sold at $2 million in 2010.

The waterfront block of four shares a communal function room opening onto level lawn and the water.

The last sale in the complex was in 2017 at $2.5 million.

CoreLogic calculated a preliminary 70.6% amid Sydney's 214 apartment and townhouse auction offerings.

There was a $950,000 median for the offerings, compared with $1.55 million for Sydney houses.

Nationally there were 535 apartment offerings with a 66.8% success rate at a $718,000 median sale price.

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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