Sky News presenter Peter Stefanovic and his wife, Sylvia Jeffreys, dumped 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 wife, 37, put the four-bedroom terrace up for sale in July and were preparing for an August 22 auction conducted through Oliver Lavers of The Rubinstein Group.
However, according to The Sunday TelegraphKeen buyers sealed the deal Friday for an undisclosed sum, exceeding the couple’s expectations of $4.5 million.
Lavers had hinted throughout the week to both keen buyers and his increasingly persistent buying agents that offers were already pouring in that were well over the $5 million mark.
The couple bought the two-story property for $2.7 million in 2016.
Sky News presenter Peter Stefanovic, 41 (left) and his wife Sylvia Jeffreys, 37, (right) dumped their Double Bay mansion just days after he complained about the US property market. Sydney’s eastern suburbs.
The chic four-bedroom, two-bathroom terrace (pictured) had initially been scheduled for auction on August 22, conducted through Oliver Lavers of The Rubinstein Group.
It is understood that the journalists want a bigger house with space for their family, including their two young children.
News of the sale comes just days after Peter, the brother of Today presenter Karl Stefanovic, voiced complaints about the brutal property market in Sydney’s eastern suburbs amid the cost-of-living crisis.
Speaking on his show The First Edition, Peter lamented that his search for a new home in Sydney’s upscale eastern suburbs was being affected by rising costs.
Speaking to Yellow Brick Road Home Loans chief executive Mark Burris, Peter said that “property, especially in the eastern suburbs” was becoming very expensive.
‘Data from PropTrack and CoreLogic show that the pace of property price growth is slowing. Are you buying this? he said.
“Because I’m still seeing a lot of properties, more so in the eastern suburbs, although that might not surprise you, that are still selling,” he continued.
Earlier, in the commentary focused on eastern Sydney, Stefanovic asked Mark to provide input on Meriton boss Harry Triguboff’s suggestion to build apartments in Little Bay, about 10km from his Double Bay home.
News of the sale comes just days after Peter, brother of Today presenter Karl Stefanovic, voiced complaints about the brutal property market in Sydney’s eastern suburbs amid the cost of living crisis =
‘Because he says, you know it’s dilapidated, there’s a lot of space there, there’s the prison (Long Bay Correctional Complex), et cetera.’
“But it’s being turned away, because some locals don’t want to receive it. But is that an example of an idea that could well be implemented (to increase the supply of housing in Sydney)?’
Bouris agreed with the suggestion, however, noting that many developers may not be willing to invest in such a proposal due to the red tape involved in getting government approval.
It comes as median home values in Sydney rose another one percent to an even more unaffordable $1,333,985 in July, CoreLogic data showed.
He complained about rising costs in his posh neighborhood after listing his $4.25 million Double Bay home (pictured).
Property has become so expensive that the average full-time worker on $94,000 a year would have a hard time paying off a $1 million loan.
Singles who earn that much owe the bank 11 times their salary with a 20 percent mortgage deposit.
In the eastern suburbs, Bondi prices are well above $4 million, rising to $8 million in the port of Vaucluse, CoreLogic data shows.
This puts housing out of reach for even a dual-income couple, with households in these beachside ZIP codes typically earning more than $200,000 a year, tax office figures show.
An elite professional would need to earn $377,553 to pay for a $2.84 million house and avoid mortgage stress, where someone owes the bank six times or more of what they earn.
The couple bought their two-story luxury residence for $2.7 million in 2016.