TEST CRICKET GREAT ALLAN BORDER SELLS MOSMAN INVESTMENT APARTMENT FOR $1.1 MILLION

by Lucy Macken written for Prestige Property Reporter Feb 29, 2020

Test cricket great Allan Border has cashed in on Sydney’s booming property market, selling a Mosman investment apartment for $1.101 million that overlooks his namesake Allan Border Oval.

Sources say there were about nine bidders competing for the two-bedroom apartment owned by the Queensland-based former Test cricket captain, pushing the result well above the $1 million level, when it was called on the market.

Rob Klaric, of property advisory The Property Expert, placed the winning bid, presumably on behalf of a client, although he declined to comment on the deal.

The property last traded for $98,000 in 1987 when bought by Border’s parents John and Jacqueline, who transferred it to their son in 1992 for $185,000.

The following year the oval was renamed after Mosman Cricket Club’s most distinguished old boy.

Ray White Mosman’s Lewis Adams declined to comment when approached by Domain, but sources say there was a $950,000 guide on the apartment in the lead-up to Thursday’s auction.

Auction clearance rates have returned to boom-time levels this year, reaching a preliminary 82 per cent last Saturday Sydneywide, according to Domain data.