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Brighton Prestige Residential Market on Fire |
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Written by Marc Pallisco
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Monday, 03 December 2007 |
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The top end of the market has been on fire this week – alleviating any concerns rising interest rates, an uncertain share market or even a new political party could destabilise the booming market.
Hocking Stuart director Peter Kennett delivered the most impressive result, selling a mansion at 55 New Street in Brighton for more than $9 million. The sale is the most expensive in the suburb since former St Kilda football club president Rod Butterss sold his mansion in Seacombe Grove for an estimated $11.2 million last year.
Also in Brighton, another mansion at 1 Wellington Street sold for $7.65 million, against a reserve of $7 million.
Secret Agent is investigating whispers of another $10 million plus off-market sale, said to have occurred in Toorak this week. Watch this space.
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