Sky News presenter Peter Stefanovic and his wife Sylvia Jeffreys have offloaded their Double Bay mansion just days after he complained about Sydney’s eastern suburbs property market.
Peter, 41, and his Today Extra host wife, 37, listed the four-bedroom terrace in July and were preparing for an August 22 auction conducted through Oliver Lavers of The Rubinstein Group.
However, according to The Sunday Telegraph, keen buyers sealed the deal on Friday at an undisclosed sum, reportedly surpassing the couple’s $4.5m expectations.
Lavers had hinted during the week to both enthusiastic purchasers and their increasingly persistent buyer agents that offers were already pouring in, exceeding the $5m mark.
The couple purchased the two-storey property for $2.7 million back in 2016.
Sky News presenter Peter Stefanovic, 41, (left) and his wife Sylvia Jeffreys, 37, (right) have offloaded their Double Bay mansion just days after he complained about Sydney’s eastern suburbs property market
The elegant four-bedroom, two-bathroom terrace (pictured) had initially been slated for an August 22 auction, conducted through Oliver Lavers of The Rubinstein Group
It is understood the journalists want a bigger home with room for their family, including their two young sons.
News of the sale comes just days after Peter, who is the brother of Today host Karl Stefanovic, aired complaints about the brutal property market in Sydney’s eastern suburbs amid the cost of living crisis.
Speaking on his The First Edition show, Peter lamented that his search for a new home in Sydney’s upmarket eastern subrubs was being impacted by the rising costs.
Speaking to Yellow Brick Road Home Loans executive chairman Mark Burris, Peter said ‘properties, more so in the eastern Suburbs’ were getting so expensive.
‘PropTrack and CoreLogic data shows 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 though that might not surprise you, that are still going way overs,’ he continued.
Earlier in Stefanovic’s eastern Sydney-centric commentary, he asked Mark to lend his take 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, who is the brother of Today host Karl Stefanovic, aired complaints about the brutal property market in Sydney’s eastern suburbs amid the cost of living crisis =
‘Because he says, you know it’s been run down, there’s a lot of space there, there’s the prison [Long Bay Correctional Complex] there, etcetera.’
‘But it’s being knocked back, because some locals don’t want to get it. But is that an example of an idea that could well be pursued [to increase Sydney’s housing supply]?’
Bouris agreed with the suggestion, however pointed out many developers may be unwilling to invest in such a proposal given the red tape involved in getting government approval.
It comes as the median value of houses in Sydney rose by another one per cent to an even more unaffordable $1,333,985 in July, CoreLogic data showed.
He moaned about rising costs in his posh neighbourhood after listing his $4.25million Double Bay home (pictured) for sale
Properties have become so expensive, the average full-time worker on $94,000 a year would struggle to pay off a $1million loan.
Singles earning that much would owe the bank 11 times their salary with a 20 per cent mortgage deposit.
In the eastern suburbs, Bondi prices are well above $4million, rising to $8million in harbourside Vaucluse, CoreLogic data shows.
This puts housing beyond the reach of even a dual-income couple, with households in these beachside postcodes typically earning more than $200,000 a year, tax office figures show.
An elite professional would need to earn $377,553 to even afford a $2.84million house and avoid mortgage stress, where someone owes the bank six times or more of what they earn.
The couple bought their luxury two-story abode for $2.7 million back in 2016