Family Pays $2. 625 Million for 'Iconic' Inner West House at Auction Sydney's housing market is in a state of flux, with recent auction results offering a glimpse into the psyche of buyers and sellers.
Families are upsizing, downsizing, or trying to make sense of a market that seems to be stumbling towards its inevitable correction. The Stanmore house that fetched $2. 625 million at auction was an anomaly.
It not only surpassed its reserve price but also exemplifies the era's fixation on period properties. The late Victorian Italianate gem has been lovingly restored and preserved, much like the memories of a bygone era.