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Sydney Auctions: One-bedroom Manly unit in famed Dungowan building sells for $1.9 million



Real Estate

No. 10/7 South Steyne at Manly has sold at auction for $1.9 million.

The waves were not the only thing crashing on a sunny Saturday morning in Manly, as a one-bedroom apartment sold for $650,000 over reserve at an incredible auction.

A crowd of 150 people crowded onto both sides of South Steyne opposite Manly Life Saving Club to watch 23 bidders compete for a unit in the famed Dungowan building.

Stone Real Estate — Manly selling Eddy Piddington, who also acted as the auctioneer, got proceedings under way with a $1.4 million bid — $175,000 over the reserve.

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