A real estate agent has racked up an extraordinary $60million in sales in just one month.
McGrath real estate agent William Manning, based in Sydney’s eastern suburbs, hit the mark after selling James Packer’s bachelor pad across from Bondi Beach for $29million.
Packer’s Campbell Parade property was sold to father and son investors Roy and Anthony Medich, realestate.com.au reported
They will reportedly relocate Medich Corporation to the four-bedroom property, and transform it into their new headquarters. Real estate commission rates aren’t regulated and are set by individual agents, but the average commission for Bondi is 1.89 per cent.
Using this rate, Mr Manning would have taken home $548,100 commission for Packer’s property, and working on the same rate with $60million in sales for the month he could have taken home somewhere in the vicinity of $1.1million in commissions.
Mr Manning has been a real estate agent for 20 years and his ‘specialty suburbs’ include, Bellevue Hill, Darling Point, Paddington, Point Piper, and Woollahra. He’s sold many lavish properties over his career.
The other properties he sold over the past month include a Bondi beachfront penthouse which he sold for $4.4million to his own sister. He has also sold a heritage-listed Wentworth Memorial Church in Vaucluse for almost $6million.
Another property he sold was an investment apartment in Darlinghurst for $1.2 million, and another apartment at Woollahra for $6.55million. He sold another house in Woollahra for $4.8million
Source; Daily mail.co.uk