Walsh Bay

A $3.15 million Walsh Bay sale topped weekend auction results for apartments across the capital cities.

The 136 sqm two bedroom Mirvac-built apartment was set in the Parbury building in the Walsh Bay precinct.&nbsp;

It was among the 333 apartments put to weekend auction across Sydney which saw a 77 percent success rate.

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The 401/1 Pottinger St apartment came with Harbour Bridge views.

It has access to an indoor pool, gymnasium plus a 13sqm security parking space and 4sqm storage cage.

Selling agent Adrian Wilson said it was a tightly held complex. although there was a sale of another two bedroom apartment three floors higher on the day before.

The $3.15 million apartment had last sold at $2.125 million in 2017.

It first sold off the plan at $915,000 in 2002.

The Parbury at Walsh Bay won the NSW Heritage Office Heritage award in 2004.

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There were 594 auctions of apartments on the weekend, according to CoreLogic, with a 69 percent success rate.

There was an $860,000 median.

Melbourne&#39;s top result was a newly built, four bedroom townhouse at 1/60 Relowe Crescent, Mont Albert North which fetched $1,602,000.

The price guide had been $1.4 million to 41.54 million based on a late 2020 sale at $1.46 million at 47 Boondara Road, Mont Albert North.

Melbourne vendors secured a 57 percent clearance rate from the 208 apartments and townhouse offerings.

The two bedroom apartment was set in the tightly held Parbury building in the renowned Walsh Bay precinct

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Mirvac-built Walsh Bay apartment tops weekend apartment auction sales

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The recent government funding to Sydney’s Walsh Bay has piqued interest in the area, causing demand for commercial property in the area to increase. 
The Berejiklian government has recently approved $100 million worth of funding for the redevelopment of Pier 2/3 at the Walsh Bay precinct.
Funding for the Pier will create some of the country’s most significant art organisations including the Australian Chamber Orchestra, the Australian Theatre for Young People and Bell Shakespeare.
Colliers International have sold two office investments in Walsh Bay over the past six months; Suite 7 and Suite 8, both at 24 Hickson Road, for over $3.3 million combined.
Suite 7 (pictured below) was sold to the Done Group for a rate of $11,638 per square metre, a record rate for Walsh Bay in 2019. 
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“The recent government funding for Sydney’s newest art precinct has piqued interest in Walsh Bay and subsequently we are seeing an influx in demand for commercial space,” said Nick Lumley, Investment Services at Colliers International. 
“Investors and creative businesses are recognising the benefit of being close to this precinct and this is reflected in the activity we are seeing in the area.”
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Government funding boosts Walsh Bay investment: Colliers International

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Nine Entertainment investigative reporter Kate McClymont has written that John McGrath has quietly sold his last remaining property asset.
She wrote McGrath had offloaded his harbourside penthouse for a reputed $8.5 million. The off-market sale was done through Tasman Fallshaw from City Living. When asked about the sale by McClymont, Mr Fallshaw said because of a confidentiality agreement, “I can’t really talk about it.” McGrath bought the split-level penthouse at the northern end of The Pier at Walsh Bay for $6.95 million in 2011. The three-bedroom, four bathroom apartment which has views of the Harbour Bridge, comes with a 18.5 metre marina berth. It has since emerged John McGrath is reputedly seeking a home so he can get a couple of dogs. He consulted his local Millers Point agent on the unsolicited offer and was advised it was worth taking.
“After living in the Walsh Bay region for well over a decade, I have decided my next venture in property will be to have a house where I can enjoy having a couple of dogs, particularly near parklands," McGrath, 55, told the Wentworth Courier exclusively this morning.
“I had an approach from an agent who had heard that I’d asked body corporate several times for approval to have pets and had been knocked back.
“So a proactive agent called and said they had a buyer.”
 
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John McGrath reportedly sells his Walsh Bay apartment 

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Rio Tinto boss Jean-Sebastien Jacques and wife Muriel Demarcus have bought in Sydney.
The couple have spent $3,025,000 on a <a href="https://www.realestate.com.au/sold/property-apartment-nsw-walsh+bay-125776266" target="_blank">Walsh Bay apartment</a> bolthole for when they are not in London.
Spanning 110 sqm, the fifth level apartment has two bedrooms, two bathrooms and a full-length terrace.
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Jacques, who was made CEO in 2016, joined the company in 2011.
In a recent interview Muriel, who runs frenchyummymummy.com, writing about the cultural differences between the French and the British, said Sydney feels like home.
Muriel said the flat she had rented in Sydney was twice as big as her London home, and cost a fraction of the price.
This article was first published in the Sunday Telegraph. 
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Rio Tinto boss buys Walsh Bay apartment

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The former Solicitor-General of Australia Justin Gleeson SC and wife, academic author Dr Bernadette Brennan, have sold their terrace in Walsh Bay.
They bought the three bedroom Pottinger Street terrace new in 2002 for $2,395,000. 
It came with $4.8 million hopes through Belle Property Pyrmont agents Chervonne Papworth and Caroline Selka had the listing.
An internal lift provides access to each level which includes a whole-floor penthouse master suite with a bathroom, walk in wardrobe and an atrium garden.
Last year Gleeson resigned as Solicitor-General of Australia, the Commonwealth's second-ranking law officer, due to a breakdown of relationship with the Federal Attorney-General George Brandis after three years in the job.
The couple are set for a sea change to the eastern suburbs beaches.
This article first appeared in the Sunday Telegraph.
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Former Solicitor-General of Australia Justin Gleeson sells in Walsh Bay

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High profile lawyer and former Solicitor-General of Australia Justin Gleeson and wife, academic author Dr Bernadette Brennan, have listed their designer terrace in Walsh Bay.
An internal lift provides access to each level which includes a <a href="https://www.realestate.com.au/property-terrace-nsw-walsh+bay-125064594" target="_blank">whole-floor penthouse master suite</a> with a bathroom, walk in wardrobe and an atrium garden.
There are three bedrooms in total and a private courtyard, while the contemporary home has integrated technology throughout.
Belle Property Pyrmont agents Chervonne Papworth and Caroline Selka have the listing.
Gleeson resigned as Solicitor-General of Australia last year, the Commonwealth's second-ranking law officer, due to a breakdown of relationship with Attorney-General George Brandis.
He spent three years in the post. Justin and Bernadette, who have two daughters, are reportedly heading closer to the beach.
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