Sydney's 6-bedroom apartment was sold at $10.1 million, and it appreciated by nearly $8 million in 8 years! The buyer only sees the house for 10 minutes

The Sydney Morning Herald reported that at the auction this Saturday, a buyer spent $10.1 million to buy a luxury house that had only been seen for 10 minutes, and the auction process attracted nearly 200 people.

Located at 131 The Boulevarde in Strathfield District, this property has 6 bedrooms, 8 bathrooms and an underground parking lot.

A total of 5 people registered for the auction, and 4 of them competed fiercely for luxury houses, attracting nearly 200 people to watch.

The report said that the guide price of the property is A$8.9 million, the starting price is A$8.7 million, and the initial price increase is A$100,000.

When the price reached AUD 9.5 million, the price increase increased to AUD 200,000, and several price increase of AUD 50,000 was interspersed during the period.

End, the 6-bedroom mansion was sold for $10.1 million.

(Photo source: Sydney Morning Herald)

Agent Tarun Sethi from McGrath Strathfield said: "The building materials used in this property come from all over the world... limestone is imported from Spain. The seller also personally selected a marble for a building from the stone exhibition in Verona."

Sethi added that since the interest rate cut, the number of auction consultations, participants and bidders have increased.

The seller plans to buy a larger property in Strathfield, and the buyer is also a local Strathfield resident.

The last transaction of the property was in 2017, when the transaction price was $2.75 million.

A total of 1,326 properties were listed for auction in Sydney on Saturday, with the Domain Group recording a preliminary liquidation rate of 69%.

Statistics show that Sydney house prices rose 0.5% in May.