Sky News presenter Peter Stefanovic and his wife Sylvia Jeffreys vacated their Double Bay mansion just days after he complained about the property market in Sydney’s eastern suburbs.
Peter, 41, and his Today Extra host, 37, listed the four-bedroom terrace in July and prepared for an August 22 auction conducted by Oliver Lavers of The Rubinstein Group.
However, according to The Sunday Telegrapheager buyers closed the deal on Friday for an undisclosed sum, reportedly beating the pair’s expectations of $4.5 million.
Lavers had hinted during the week to both eager buyers and their increasingly persistent buyer agents that the offers were already pouring in, over $5 million.
The couple purchased the two-story property in 2016 for $2.7 million.
Sky News presenter Peter Stefanovic, 41, (left) and his wife Sylvia Jeffreys, 37, (right) unloaded their Double Bay mansion just days after complaining about the property market in Sydney’s eastern suburbs
The elegant four-bedroom, two-bathroom terrace (pictured) was initially slated for auction on Aug. 22, conducted by Oliver Lavers of The Rubinstein Group
It is clear that the journalists want a bigger house with room for their family, including their two young sons.
The news of the sale comes just days after Peter, the brother of Today presenter Karl Stefanovic, raised complaints about the brutal property market in Sydney’s eastern suburbs amid the cost of living crisis.
On his The First Edition show, Peter complained that his search for a new home in Sydney’s posh eastern suburbs was being affected by rising costs.
Speaking to Mark Burris, executive chairman of Yellow Brick Road Home Loans, Peter said that “properties, especially in the eastern suburbs,” were getting so expensive.
PropTrack and CoreLogic data show that the pace of real estate price growth is slowing. Are you buying this?’ he said.
“Because I still see a lot of properties, more so in the eastern suburbs, although that might not surprise you, that are still going way over the top,” he continued.
Earlier in Stefanovic’s eastern Sydney-centric commentary, he asked Mark to comment on Meriton boss Harry Triguboff’s suggestion to build apartments in Little Bay, about 10km from his home in Double Bay.
The news of the sale comes just days after Peter, the brother of Today presenter Karl Stefanovic, raised complaints about the brutal property market in Sydney’s eastern suburbs amid the cost of living crisis =
“Because he says, you know, it’s run down, there’s a lot of space there, there’s the prison (Long Bay Correctional Complex), and so on.”
“But it’s being pushed back because some locals don’t want it. But is that an example of an idea that could be pursued (to increase the housing stock in Sydney)?’
Bouris agreed with the suggestion, but pointed out that many developers may not be willing to invest in such a proposal given the red tape involved in getting government approval.
It comes as median home values in Sydney jumped another 1% in July to an even more prohibitive $1,333,985, data from CoreLogic showed.
He lamented rising costs in his upscale neighborhood after putting his $4.25 million Double Bay home (pictured) up for sale
Real estate has become so expensive that at $94,000 a year, the average full-time worker would struggle to pay off a $1 million loan.
Single people earning that much owe the bank 11 times their salary on a 20 percent mortgage.
In the eastern suburbs, Bondi prices are well above $4 million, rising to $8 million in port-side Vaucluse, CoreLogic data shows.
This puts housing out of reach for even a two-income couple, with households in these beachfront zip codes typically earning more than $200,000 a year, IRS figures show.
An elite professional would need to earn $377,553 to even pay for a $2.84 million home and avoid mortgage stress, where someone owes the bank six times or more of what they earn.
The couple purchased their two-story luxury home in 2016 for $2.7 million