{"id":15550,"date":"2022-04-19T12:05:17","date_gmt":"2022-04-19T00:35:17","guid":{"rendered":"http:\/\/quantiphy.com.au\/oldbackup\/?p=15550"},"modified":"2022-04-19T12:05:35","modified_gmt":"2022-04-19T00:35:35","slug":"sydneys-most-exclusive-suburbs-were-practically-given-away","status":"publish","type":"post","link":"https:\/\/quantiphy.com.au\/oldbackup\/sydneys-most-exclusive-suburbs-were-practically-given-away\/","title":{"rendered":"Sydney\u2019s most exclusive suburbs were practically given away"},"content":{"rendered":"<p>Less than six months ago, a two-bedroom apartment in Coogee sold for a record-breaking $3.2M. But back in 1909, things were a bit different.<\/p>\n<p>Incredible vintage auctions posters provide a window into the world of Sydney real estate over 100 years ago, with swathes of seaside land going under the hammer for next to nothing.<\/p>\n<p>Though it\u2019s hard to find a space to park your car these days in the Eastern Suburbs, back then whole beachside blocks were practically being given away. Though the terms of sale differed depending on the location, all auctions had two things in common: they always kicked off at 3pm and lunch was provided. If you were lucky, there\u2019d also be a band playing. How civilised.<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-15552\" src=\"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/ClovellyLittleCoogeeBayA42048_1024x1024-e1647474912804-1-640x903.png\" alt=\"\" width=\"600\" height=\"846\" srcset=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/ClovellyLittleCoogeeBayA42048_1024x1024-e1647474912804-1-640x903.png 640w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/ClovellyLittleCoogeeBayA42048_1024x1024-e1647474912804-1-320x451.png 320w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/ClovellyLittleCoogeeBayA42048_1024x1024-e1647474912804-1.png 650w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>Take Sea Bather\u2019s Estate, Little Coogee (today known as Clovelly), for instance. Consisting of sloping grass land, over 30 lots with a perfect view went up for sale on March 13, 1909, with the terms as follows: \u00a31 deposit, \u00a31 per month, 5% interest, and assistance given to buyers who at once build their own houses.<\/p>\n<p>On March 27th, the Coogee Glen Estate\u2014comprised of \u201c39 Choice Allotments\u201d with frontages to Alison, Brooke Division and Mount Streets\u2014went under the hammer. According to Hardie &amp; Gordon Auctioneers, the unlocking of this fine estate afforded buyers \u201cthe opportunity of acquiring at auction a block of perfect building land with glorious ocean views in the popular and progressive suburb of Coogee.\u201d<\/p>\n<div class=\"bt_bb_row\" data-structure=\"12\">\n<div class=\"bt_bb_column col-md-12 col-ms-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\" data-width=\"12\">\n<div class=\"bt_bb_column_content\">\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bt_bb_row_wrapper bt_bb_row_width_boxed_1200\">\n<div class=\"bt_bb_row\" data-structure=\"2-4-4-2\">\n<div class=\"bt_bb_column col-md-2 col-sm-4 col-ms-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\" data-width=\"2\">\n<div class=\"bt_bb_column_content\"><\/div>\n<\/div>\n<div class=\"bt_bb_column col-md-4 col-ms-12 bt_bb_align_center bt_bb_vertical_align_top bt_bb_padding_double bt_bb_highlight\" data-width=\"4\">\n<div class=\"bt_bb_column_content\">\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<div class=\"bt_bb_text\">\n<h6>Speak To An Expert<\/h6>\n<p>Schedule in a time to discuss your situation with a home loan specialist<\/p>\n<\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_normal bt_bb_border_style_none\"><\/div>\n<div class=\"bt_bb_button bto btop bt_bb_icon_position_left bt_bb_color_scheme_14 bt_bb_style_filled bt_bb_width_inline bt_bb_shape_inherit bt_bb_size_normal bt_bb_align_inherit\" data-bt-override-class=\"{&quot;bt_bb_size_&quot;:{&quot;current_class&quot;:&quot;bt_bb_size_normal&quot;,&quot;xl&quot;:&quot;normal&quot;},&quot;bt_bb_align_&quot;:{&quot;current_class&quot;:&quot;bt_bb_align_inherit&quot;,&quot;xl&quot;:&quot;inherit&quot;}}\"><a class=\"bt_bb_link\" title=\"BOOK IN A CALL\" href=\"\/finance\/book-a-chat-with-tommy-biller\/\" target=\"_self\" rel=\"noopener noreferrer\"><span class=\"bt_bb_button_text\">BOOK IN A CALL<\/span><\/a><\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_normal bt_bb_border_style_none\"><\/div>\n<\/div>\n<\/div>\n<div class=\"bt_bb_column col-md-4 col-ms-12 bt_bb_align_center bt_bb_vertical_align_top bt_bb_padding_double bt_bb_highlight\" data-width=\"4\">\n<div class=\"bt_bb_column_content\"><\/div>\n<\/div>\n<div class=\"bt_bb_column col-md-2 col-sm-4 col-ms-12 bt_bb_align_center bt_bb_vertical_align_top bt_bb_padding_double bt_bb_highlight\" data-width=\"2\">\n<div class=\"bt_bb_column_content\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bt_bb_row\" data-structure=\"12\">\n<div class=\"bt_bb_column col-md-12 col-ms-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\" data-width=\"12\">\n<div class=\"bt_bb_column_content\">\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Among \u2018facts worth special notice\u2019 listed on the poster are the lots exceptional depths, amazing views, and how much you\u2019ll save on doctor\u2019s bills thanks to Coogee\u2019s breeze. Just goes to show agents have always possessed the gift of the gab.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-15553\" src=\"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/CoogeeGlenEstate_1024x1024-1-640x443.jpg\" alt=\"\" width=\"600\" height=\"415\" srcset=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/CoogeeGlenEstate_1024x1024-1-640x443.jpg 640w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/CoogeeGlenEstate_1024x1024-1-320x222.jpg 320w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/CoogeeGlenEstate_1024x1024-1.jpg 650w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>Over in Manly, the Loop Estate offered \u2018fine views of ocean and harbour\u2019 &amp; \u2018rich deep soil\u2019, with old mates Raine &amp; Horne overseeing the auction on the ground. On Sydney Road, where the median house price today sits at around $4.5M, the terms of sale were a 10% deposit, balance in three years, monthly or quarterly payments at buyer\u2019s option and 4% interest.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-15554\" src=\"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/LoopEstateManly_1024x1024-1.jpg\" alt=\"\" width=\"600\" height=\"919\" srcset=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/LoopEstateManly_1024x1024-1.jpg 600w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/LoopEstateManly_1024x1024-1-320x490.jpg 320w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>Over in Avalon, beachside blocks were on offer for private sale only, because even then, the far northern beaches refused to mix with the general public. One estate sale poster even touted the text: \u201cRemember the slogan: Cronulla was, Palm Beach is, Avalon will be.\u201d With a current median house price of $3.1M, I\u2019d say they were onto something.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-15555\" src=\"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/AvalonBeachEditA6_1024x1024-Copy.jpg\" alt=\"\" width=\"600\" height=\"450\" srcset=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/AvalonBeachEditA6_1024x1024-Copy.jpg 600w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/AvalonBeachEditA6_1024x1024-Copy-320x240.jpg 320w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>By 1918, sale terms were a little less lax, at least in Maroubra.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-15556\" src=\"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/MaroubraA42048_1024x1024-1-640x903.jpg\" alt=\"\" width=\"600\" height=\"846\" srcset=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/MaroubraA42048_1024x1024-1-640x903.jpg 640w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/MaroubraA42048_1024x1024-1-320x451.jpg 320w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2022\/04\/MaroubraA42048_1024x1024-1.jpg 650w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>When a few beach side blocks went up for auction on the 12th of January (as always, at 3pm) a deposit of 25% per lot was required, with balance in 3 equal annual instalments, interest at 5% per annum, and upset prices ranging from \u00a34-\u00a38 per foot. That equates to about $30,000 in 2022. Meanwhile, last May, a family home in Maroubra sold for $6.45M, $950K above its price guide. And the agents didn\u2019t even offer lunch. How times have changed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Less than six months ago, a two-bedroom apartment in Coogee sold for a record-breaking $3.2M. But back in 1909, things were a bit different. Incredible vintage auctions posters provide a window into the world of Sydney real estate over 100 years ago, with swathes of seaside land going under the hammer for next to nothing&#8230;.<\/p>\n","protected":false},"author":4,"featured_media":15557,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,6],"tags":[],"class_list":["post-15550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sydney\u2019s most exclusive suburbs were practically given away - Quantiphy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aus-finance.com.au\/gazette\/sydneys-most-exclusive-suburbs-were-practically-given-away\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sydney\u2019s most exclusive suburbs were practically given away - Quantiphy\" \/>\n<meta property=\"og:description\" content=\"Less than six months ago, a two-bedroom apartment in Coogee sold for a record-breaking $3.2M. 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