Redfern house price record: Macquarie banker buys schoolteacher’s house for $5.75m –

Redfern house price record: Macquarie banker buys schoolteacher’s house for $5.75m -

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700 Bourke St, Redfern, was all the time going to be in style as a result of it’s on a 335 sqm block, which is giant for the internal metropolis.

The thriller purchaser who paid the report $5.75m home value in Redfern for a schoolteacher’s home that price $800k 20 years in the past has been revealed for the primary time.

The net bought sticker on the four-bedroom freestanding residence on a 335 sqm block in Bourke St went up final week.

It had been quietly listed with Ray White Touma Group principal Charles Touma on his company’s web site since June, however he has remained silent on each the value paid or the identification of the purchaser.

However the chatter within the neighbourhood has been in overdrive since final week’s gobsmacking deal, with first the value and, now the purchaser revealed as being an government at a subsidiary of Macquarie Financial institution, lengthy often known as“The Millionaire’s Manufacturing facility”.


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The massive freestanding residence sits behind a excessive fence in Bourke St.

The eating room opens via timber doorways to the massive yard.

The Redfern purchasers have been confirmed as Scot Thompson, a division director at Macquarie Asset Administration, and his spouse, Heather.

The couple are upgrading from a terrace in Surry Hills, which is but to hit the market.

The Redfern market has modified significantly because the homeowners of the Bourke St home, a now retired science instructor from Sydney Boy’s Excessive Faculty, Michael Kay, and his spouse, Claerwen, purchased for $807,500 in 2001.

Again then the median home value was $397,500. Now, in line with, it’s $1.75m.

There are a number of residing areas, in and out.

Giant properties on huge blocks have been more and more extremely wanted, notably since Covid, and the 335 sqm block owned by the Kays is likely one of the largest residential blocks in Redfern.

The earlier report for a Redfern home is $4,975,000.

That was achieved a 12 months in the past by Maclay Longhurst of BresicWhitney for a three-bedroom, three-bathroom Thurlow St terrace, designed by architect Luigi Rosselli, which is on a 168 sqm block.

With 4 bedrooms, there’s loads of room for many households.

The massive non-public yard can be in style with children and pooches.

The Bourke St freestanding home affords a personal and sunny backyard with terrace and a backyard studio, which has entry through the rear pedestrian lane.

The house is shut by St Jude Café and Little Eve and a brief stroll from the brand new Surry Hills Village buying centre and residence redevelopment.

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