With over 100 people passionate about this luxury Barangaroo apartment, the winning buyer had to do something out of the ordinary.
A Sydney home seller has pocketed a huge price for his property after a determined buyer showed his agent a signed blank check and asked him to quote the price he wanted.
The offer made during an opening for inspection proved too enticing for the sellers to resist and, despite their reluctance to let go of the unit, they signed paperwork on the sale over the weekend.
Their price: 6.58 million dollars.
The eye-watering sum was $1.5 million above the price the sellers expected to pocket for their waterfront property in Barangaroo at the auction scheduled for later this month.
That wasn’t the only staggering offer the sellers received for the apartment in the 601/19 Barangaroo Ave.
Another buyer allegedly showed Plus Agency sales agent Peter Li a banking app on his phone and offered to wire the money directly to Mr Li to secure the sale.
“The successful buyer was the guy who brought his checkbook, he lived in the building and wanted to upgrade to a three-bedroom apartment…it was the last three-bedroom option available,” Mr Li said.
“Five million was our original price guide, we sold it for $1.5 million more than the original price guide – about 30%.”
“The seller was determined to go to auction, but changed her mind when she saw the price we had already secured. The same apartment sold (at) the launch of the plan for $2.95 million. Now it’s more than double.
Mr. Li gave all the credit for the sale to his team of agents Leanne Pan, Dui Li and Jason Weng for the sale of $51,406 per sq.m.
Within the first 48 hours of listing, agents received 100 buyer inquiries.
Mr Li said Barangaroo was the new destination for people looking for luxury properties in the city.
“The results we are seeing in Barangaroo are extraordinary. People are leaving Point Piper for Barangaroo…they are finding it difficult too as no one is selling there currently.
“Apparently, Barangaroo is immune to the current market downturn.”
The last three-bedroom unit for sale in the same building was 702/21 Barangaroo Ave, which sold in February for $8.5 million. It was a two-level penthouse with 100 m² of space.
Originally published as Blank check bid wins battle for $6.58m apartment in Barangaroo