Rose Porteous Sells Luxury Toorak Penthouse

Rose’s agent confirmed the Clendon Road apartment sold this week, but declined to elaborate on buyer or price. The 3-bedroom recently constructed apartment was on the market for most of the year with a price tag of $3 million.

Combined with the adjoining penthouse she sold just before Christmas last year, Ms Porteous sold for $6 million, what she paid for $4 million. The sale is another example of the strength of the market at Melbourne’s top end.

In another example nearby, an apartment in at unit 4 of 11 Albany Road returned its short-term owner a very healthy capital gain. It sold last Saturday for $1.53 million, almost double the $770,000 the vendor paid for the apartment just nine months earlier.

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!