Independent MP for North Sydney Kylea Tink has sold her family home for $6.35m at auction at the weekend — a new record for the street and more than double what she paid for it 10 years ago.
Saturday’s onsite auction of the Woonona Rd property was spirited and bidding quickly passed the $5.5m price guide.
The six-bedroom house with pool in Northbridge had been the family home since 2013 and was marketed as a magnificent residence in a treasured street by agent David Forrester of Belle Property Northbridge.
MORE: Claudia Karvan’s epic investment fail
The Tinks paid $2.6m for the house then set about renovating and more recently making cosmetic upgrades.
The Hamptons-style home was 350m from cafes, public transport, and primary schools, had solar power, security and an entertainers’ backyard with outdoor alfresco area overlooking the heated pool.
According to PropTrack, the median house price in Northbridge is $4.6m.
Mr Forrester said Northbridge attracts wealthy conservative families and typically 90 houses trade each year.
He pointed out that the number of houses offered for sale in Northbridge this year has plummeted with only 19 coming to market by the end of July.
And when the volume of property dives by 2/3rds it pushes up prices, he added.
Kylea won the formerly sale Federal Liberal seat last year and has lived in the electorate for more than 15 years.
She is a successful businesswoman with a background in public relations, a social advocate, chief executive of the McGrath Foundation and Chief executive of Camp Quality.
Currently she and her teenage children are living on the other side of the North Sydney electorate, in Lane Cove.
Originally published as Teal MP Kylea Tink sells Northbridge home for $6.35m at auction
Read related topics:Sydney