McMahons Point apartment bought for $7.8 million last February is selling for around $8.5 million

A former Perth billionaire who sold a house built for the late Alan Bond for $27.5 million made a quick profit in a Sydney haven.

A former Perth billionaire who sold a house built for the late Alan Bond for $27.5 million made a quick profit in a Sydney haven.

Sue Gibson, who sold the Dalkeith mansion for that huge price in 2018 after splitting from her husband, mining magnate Steve Wyatt, had bought the McMahons Point apartment for $7.8 million last February.

But now that he resides primarily in the Southern Highlands, he found he wasn’t using his four-bedroom, harborside apartment at 201/3 East Crescent.

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After just a month on the market with Atlas’s Adrian Bridges, he’s now sold it for around $8.5 million, a significant profit for the astute investor who hasn’t redecorated.

But the property had several distinctive attributes: a car lift carried your vehicle from street level to the royal apartment; and had a view of the harbor, including the bridge.

Adrian Bridges said he had about 100 groups.

“This volume of interest was not unexpected as there is always a lot of interest in this development,” he said.

“The speed of the selling is also a sign that the market is back in action after an election.”

Originally published as McMahons Point apartment bought for $7.8 million last February is selling for around $8.5 million

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