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Today's quote:

Wednesday, May 27, 2026

I stole these photos from the internet

 

3/149-151 Blues Point Road, McMahons Point, NSW 2060

 

The green dots in the photos point to an 'Art Deco Delight in Prime Locale', which sold prior to auction on 22 May 2026 for $770,000.

The advertisement described it as "nestled in the heart of the vibrant McMahons Point Village this refreshed, first floor unit offers a great first home, city base or investment in one of Sydney's most central and desirable neighbourhoods. Set in a small boutique block of only 4 with classic period charm and large communal rear gardens to enjoy. Offering a generous eat-in kitchen, separate lounge/dining area, bathroom/laundry, linen closet and large bedroom with modern built-in wardrobe, the unit is more than comfortable as is while offering scope to upgrade to taste. Surrounded by quality restaurants, cafes, pubs and shops - and conveniently located just minutes walk to the Harbour Foreshore, walks & parks, North Sydney CBD, ferry, rail and Metro - this is Sydney living at its finest."

 

The apartment sold is right above the SERENITY shop.
My apartment is in the red-brick building to the left.

 

When I came back to Australia in 1985, I bought an almost identical apartment at Number 153, the building right next door, but soon began to think that this was not "Sydney living at its finest". It probably had a lot to do with the regrets I felt about my disappointing homecoming.

 

 

I was desperate to get away again and to "cut my losses" by selling the apartment to whoever wanted to experience "Sydney living at its best". I was ready to accept even an offer which was $15,000 below what I had paid only three months earlier. Luckily, the lady never came back with the money because the apartment has given me a steady rent income for forty years. As for its current value, it's comparable to next door.

 

 

Having been spoilt by the peace of "Riverbend", I could not live there again, but it's nice to know that as an investment it turned out well.

 


Googlemap Riverbend