Catch co-founder Gabby Leibovich lists luxury Brighton house for $10m
The luxury Brighton residential investment property of Gabby Leibovich, the co-founder of Catch, has been listed for sale with a guidance of $9.10 to $10m.
The Brighton residential investment property of Gabby Leibovich, the co-founder of Catch, has been listed for sale.
The five-bedroom, five-bathroom 8 St Ninians Court house comes with $9.10m to $10m price guidance through Kay & Burton Bayside agent Alex Schiavo.
The four-level contemporary residence on 829sq m has been a rental for 11 years.
Its last known asking rental was $2950 per week in late 2020. It was initially listed at $3000 per week after its $4.9m purchase in 2012. The highest asking rental in the interim was $3300 in 2018.
The Caulfield North-based Leibovich, who sold Catch to Wesfarmers in 2019, is divesting the investment as he is moving on to new ventures.
The home is the latest listing in the coveted “Golden Mile” locality.
Ross Savas at Kay & Burton still has the Teychel compound listing, having initially sought $46m to $50m for the Moule Ave offering last October. The guidance is now $39.9m to $43.89m.
The next priciest is St Ives, the Stephen Akehurst-designed Dudley St home of Adrian Field, the chairman of warehousing giant Star Services, which comes with $21m to $23m hopes.
The Golden Mile is a longtime colloquial selling term for the bayside strip bordered by St Kilda St, Head St, Brighton Yacht Club and the beach.
Just outside the mile, Dalton House on Normanby St has been listed by former Racing Victoria director Barbara Saunders and her husband, the retired retailing executive Barry, with a $13.5m to $14.5m guide.
The highest Brighton sale in recent times was 39 Seacombe Grove, sold by the family of Beverley Barlow, the late co-owner of convenience store chain 7-Eleven. The beachside mansion sold within its $30m to $33m price range, but there’s been no settlement yet.
Presumably former cricket captain Ricky Ponting and wife Rianna will be the next big listing, having bought in Toorak for $20.7m. They bought bayside 10 years ago for $9.25m.
Toorak trophy
The nation’s highest weekend auction sale was in Toorak when a five-bedroom trophy home on Glenbervie Rd reportedly fetched $10.52m, which was below the recent $11m to $12.1m price guidance.
Four buyers competed at the private auction held by Buxton agent Leo Xu for the renovated Marcus Martin 1930s-designed five-bedroom, six-bathroom home on 1139sq m. It last sold at $7.6m in 2015, with a David Hicks update within Jack Merlo gardens.
It was listed last October through Marshall White with $12.5m hopes.
It had been owned by Mitsubishi Australia between 1986 and 2007.
On the block
Melbourne’s second-highest auction sale came when a 1161sq m two-title building block on Highbury St, Balwyn North fetched $3.495m.
It was $135,000 above the reserve after the Ray White agent Helen Yan gave a $3m to $3.3m price guide. There were four bidders for the offering located in the Balwyn high school zone.
One of the existing three-bedroom, one-bathroom semi-detached homes had been up for rent at $450 a week late last year, having had a $430 a week asking rental in 2019.
Melbourne was the busiest capital city market last week, with 729 homes auctioned, up from the 629 in the prior week. Melbourne’s preliminary clearance rate was 77 per cent from 610 results collected so far by CoreLogic, the highest preliminary clearance rate since October 2021. Over the same week last year, Melbourne hosted 1290 auctions, with a 63 per cent success rate.
Sydney shines
Sydney’s top sale came when artist Adrienne Levenson auctioned her longtime Darling Point home. It attracted bids from two parties, who took the bidding to $8.6m at the onsite auction in Saturday’s drizzle.
It was sold soon after to the top bidder, who resides just along the promenade.
The top bidder’s terrier took to the couch immediately after the property was passed in, signalling its willingness to take up residency.
It was marketed by Pauline Goodyer at Goodyer Real Estate as an “unexpected tropical oasis by the harbour”. The shingled four-bedroom home on 313sq m, which last traded five decades ago, comes with bridge views where New Beach Rd meets Yarranabbe Rd.
Levenson, longtime assistant to composer Peter Sculthorpe, raised three sons at the home.
Sydney’s next priciest sale was when a two-bedroom, top-floor 1960s St Charles, Kirribilli apartment sold as a deceased estate for $5.46m. The Upper Pitt St apartment had been held by the O’Neill family since 1977.
Sydney had 570 auctions last week, compared to 574 the prior week, and 914 this time last year. Of the 444 results collected so far by CoreLogic, 70 per cent have been successful.
“This marks the seventh consecutive week that Sydney’s preliminary clearance rate has held above the 70 per cent mark, Tim Lawless from CoreLogic noted. Over the same week last year, 58 per cent were successful.
Canberra on top
Across the smaller capitals, Canberra’s 67 per cent success rate overtook Adelaide on 62 per cent. It was a 5 percentage point rise week-on-week for the national capital, while Adelaide recorded a 23 percentage point decline.
Brisbane’s preliminary clearance rate fell 10 percentage points, with 43 per cent recording a sale. However there was the a record setting $20.5m private-treaty, off-market sale of the 130-year-old New Farm riverfront property Amity. The mystery interstate buyer of the home of architect Tony Dempsey operated through buyer’s agent Jamie Charman.
In Perth, seven of the 15 results were successful, including 70 St Johns Wood Boulevard, Mount Claremont selling at $2.4m.
After a snappy 25-day marketing campaign, Ray White agent Vivien Yap had 11 registered bidders with four active, with the buyers moving from Kalgoorlie. The four-bedroom, three-bathroom 2006-built house sold at $1,975,000 in 2012, when it took 180 days to sell after being initially listed at $2.35m.
Listing lapse
Anne Flaherty, the PropTrack economist, has noted May listing activity is looking subdued. There were 2079 auctions scheduled across Australia last week, with 2073 slated for this week, but then a drop to 1800 by mid-May.
“The number of homes set to go under the hammer remains 11 per cent below last year’s levels,” she said.
“Some would-be vendors and buyers are likely biding their time to see where interest rates end up. Once greater clarity emerges around peak interest rate levels, this may spur an increase in selling and buying activity.”
The most viewed residential listing on realestate.com.au last week was the five-bedroom Queenslander-style home at 113 Evelyn St, Grange in Brisbane’s northern suburbs.
The 2021-built home has resort style features, according to Sotheby’s Brisbane agent Tyson Clark, who is marketing it as located in Grange’s “Golden Triangle”. It is a term not commonly used in the locality.
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