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Whale Beach house’s value jumps $450,000 in three months

Whale Beach house’s value jumps $450,000 in three months

The sale price for the Sydney home leapt to $11.6 million, but still proved a loss for the owner, given her purchase came with stamp duty of almost $720,000.

The Whale Beach house was sold by Vittoria coffee co-owner Clelia Cantarella in 2017 for $6.5 million. 

Lucy Macken

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Surging median house prices on the upper reaches of Sydney’s Northern Beaches have played out in real time thanks to the off-market sale of a beachfront house in Whale Beach for $11.6 million to liquor mogul Steven Chambers and his wife, Patricia.

Records for the latest sale of the four-bedroom house on Whale Beach Road show it had jumped in price by $450,000 since late last year, when it was bought for a then-bullish $11.15 million by Dr Philippa McCaffery, founder of Clear Skincare cosmetic skincare clinic.

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Original URL: https://www.afr.com/link/follow-20180101-p57kaq