No sale next door to ‘Boomerang’ at Elizabeth Bay

September 18th, 2009

In one of the first real tests of Sydney’s spring 2009 prestige residential property market, a crowd of onlookers last night was not enough to tease out any more than an $8 million bid for the Warren Anderson owned block of four apartments at 1 – 4 / 5 Ithaca Road, Elizabeth Bay. Rejecting that bid, the auctioneer eventually passed in the property on an $11 million vendor’s bid. Negotiations are underway.