Business
Sydney apartment auctioned for eye-watering $13m – The Australian Financial Review
The Point Piper residence, declared on the market at $9.9 million, sold as records were smashed at a big spring auction weekend in the emerald city.
The sale price was surprising, Mr Pallier said, because Ms Rankine had not undertaken any renovations since the late 1970s when she moved in to the property.
At first we thought it may be worth $7 million because it was still in its original condition, but its very hard to put an exact price on these types of properties, Mr Pallier said. It just shows the power of the auction on the day.
The massive result was one of 719 scheduled auctions in Sydney on the weekend and the preliminary clearance…
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