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LANDMARK SYDNEY AUCTION: unrenovated waterfront home in Cabarita sells for $8.275m

This sale completely reset the Cabarita waterfront real estate market as one of the last remaining untouched original homes on Cabarita's dress circle waterfront row sold for $8.275m at auction recently. Dib Chidiac assembled 15 registered bidders and a crowd of over 100 in the pouring rain to watch a handful of bidders slug it out on the auction floor to own this scarce parcel of real estate.

Sydney real estate Auctioneer Clarence White of Menck White Auctioneers sold the property under the hammer.

Sydney's real estate market continues its red hot run and buyers bid with breathtaking confidence to secure properties across town in what has been described as the hottest housing market ever seen in Sydney.


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