Parents fly in to make the winning bid
FIRST-home buyers renting in Manly had to go to a wedding in Wellington, New Zealand, so their parents did an emergency dash from Melbourne to bid on their behalf.
And Mum and Dad did well, with the couple, in their 30s, now the proud owners of a two-bedroom Art Deco harbourside apartment at 6/33 The Crescent.
“They’re back on the plane tonight, with the job done,” said Cunninghams Property’s Georgi Bates, who sold the period apartment for $1,275,000 — $25,000 above reserve. “But the parents weren’t buying the apartment for them, as is often the case these days. They were just doing the bidding.”
There had been six bidders register, with three active.
The underbidders were a couple from Bondi, who are planning a move across the Bridge because one was from the northern beaches.
With a crowd of 120 people, bidding started at $1.15 million and rose in $10,000 increments. Bidding slowed down from $1.2 million, but continued with $5000 offers at $1.26 million, and then $1000s.
Along with potential owneroccupiers, investors had been keen. The apartment would rent for between $900 and $950 a week.
The Crescent, Manly.
Interior of 6/33 The Crescent, Manly.