Channel Nine sports presenter James Bracey sells Cammeray home after 50 days
It has taken 50 days, but the Channel 9 sports presenter James Bracey has finally secured a buyer for his Cammeray home.
And there's been no price reveal, highlighting the end of those boastful boom times when everyone wanted the world to know of their over the top sale price.
Bracey had wanted $1.65 million before its mid-November auction through McGrath agent Trevor Richardson and gave the same price guidance in the weeks following.
Bracey, who shares the home with wife Margot and their golden retriever Ace, had paid $950,000 in 2013, the same year he was appointed presenter of Sky News Australia sports show SportsNight with James Bracey.
He left Sky News Australia late last year to take the Channel Nine role as host of shows including their rugby league telecasts on The Sunday Footy Show.
Bracey had updated the single level, 1920s freestanding Californian bungalow that has two bedrooms, one bathroom and a courtyard set in established gardens of 340 sqm.
The Miller Street offering with no off-street parking was marketed as having potential for a second storey.
His listing came as the five year long Sydney property boom ended highlighted as weekend clearance rates finished the year in the low 50s.
The era of low home loan rates continued but buyers cooled their purchasing enthusiasm.
One key reason the price growth slowed across the Sydney market was that banks would simply not lend as much.
They offered home buyers reduced loan amount approvals so when the buyers turned up at open for inspections and auctions, they had less in their pocket than what the banks would have lent to them this time last year.
Under instructions from APRA, the banks have cut tens of thousands of dollars off the maximum loan amounts in the attempt by to dampen risks of a crash in the housing market.
This article was first published in The Saturday Daily Telegraph.
