Finance Property Former newsreader Helen Kapalos makes a mint on Collingwood sale

Former newsreader Helen Kapalos makes a mint on Collingwood sale

helen kapalos
Helen Kapalos quit commercial TV in 2015 to make feature documentaries.
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Former Today Tonight host Helen Kapalos has sold her Offspring-style Collingwood factory conversion apartment at weekend auction.

Set in the sought-after Foy & Gibson industrial precinct, Kapalos’ two-bedroom, two-bathroom apartment, along with two car spaces, fetched $1.3 million.

The initial price guidance was between $980,000 and $1,078,000, but the guide for the two-level apartment was raised to $1,095,000 to $1,204,500 during the marketing after strong interest.

The apartment has original polished floorboards and soaring ceilings. Photo: Abercromby’s

Abercromby’s agents Sam Goddard sold the apartment to a couple in their 60s from regional Victoria who will reportedly use it as a city base.

The lower level features an open plan living, dining and kitchen area.

Its master retreat with ensuite sits on the upper level.

Helen Kapalos bought the property in 2012 for $755,000. Photo: Abercromby’s

Kapalos paid $755,000 for the apartment in 2012 in the Bohemia block, just before her contract as co-anchor of Ten News at Five wasn’t renewed by the network, which was cutting costs in the newsroom.

In 2013, she began presenting Today Tonight on the Seven Network but Kapalos then left commercial TV to direct documentaries.

She directed the feature-length documentary A Life of its Own: The Truth about Medical Marijuana.

The Oxford Street property sold at the weekend for $1.3 million. Photo: Abercromby’s

Melbourne ranked as the strongest auction market around the capital cities with the highest preliminary clearance rate at 79.4 per cent.

There were 676 reported sales from 816 auctions across the city, CoreLogic calculated.

Melbourne’s top sale was a Balwyn North offering that sold for $2,668,000 as a development site.

Located at 1120 Burke Road, the 993 square metre property with three bedrooms is surrounded by apartments and townhouses complexes.

The 1950s property last sold in 1980 for $65,000.

Melbourne’s highest home sale was a six-bedroom Georgian-style home at 201 Gore Street, Fitzroy for $2.59 million.

This Fitzroy home with a grand Georgian façade fetched over $2.5 million. Photo: Nelson Alexander
It features six bedrooms as well as three bathrooms and two kitchens. Photo: Nelson Alexander

Sydney was host to 613 auctions with a 74.9 per cent clearance rate, rising from 69.2 per cent last week across 609 auctions.

“The final clearance rate for Sydney has been trending below 70 per cent for the last six weeks, although it has been nudging higher over the last two weeks,” CoreLogic noted.

Sydney’s top sale was an award-winning house at Manly which fetched $5.2 million.

Located at 5 College Street, the 695 square metre property won the Premier’s Building Designers Australia award in 2012.

The designer beach house won the Building Designers Australia award in 2012. Photo: Clarke & Humel

James Cooper of Sanctum Design envisioned the coastal contemporary residence to capture the essence of a relaxed 1950s beach shack in a modern suburban beachside setting.

The interiors designed by Hare + Klein have featured in numerous design magazines.

There were six bedrooms and four bathrooms with the master suite having its own ensuite and balcony.

There was also a self-contained studio/guest apartment.

Outside in the landscaped gardens is a fire pit and heated lap pool plus spa.

The property has stunning landscaped gardens, with fire pit and heated lap pool plus spa. Photo: Clarke & Humel

The combined national capital city preliminary clearance rate rose to 74.8 per cent this week, up from a revised final clearance rate of 69.4 per cent last week, while auction volumes increased week-on-week.

There were 1712 properties taken to auction, up from 1627 last week, and higher than this time last year when 1329 auctions were held and a clearance rate of 67.9 per cent was recorded.

All but Adelaide saw the clearance rate increase week-on-week.

In Adelaide, a 69 per cent preliminary result was recorded across 73 auctions.

A sandstone Rose Park house sold for $1.605 million, making it Adelaide’s most expensive weekend auction sale.

Located at 8 Hewitt Avenue, the 1900 three-bedroom property last sold in 1995 for $307,500.

Adelaide’s top sale. Photo: Toop & Toop

The preliminary clearance rate in Brisbane rose to 50.6 per cent, from 41.7 per cent last week. Auction volumes were slightly higher this week with 126 auctions held, up from 116 last week.

A two-bedroom Indooroopilly unit sold for $292,500 making it the nation’s cheapest weekend auction sale.

Located at 3/55 Central Avenue, the 97 square metre property is one of only six in the block. It was last sold in 1993 for $125,000.

Perth’s clearance rate of 73.3 per cent across 15 auction results was up from last week, when 35 auctions were held and a clearance rate of 46.2 per cent was recorded.

Across Canberra, 46 homes were taken to auction, with preliminary results showing a clearance rate of 73.3 per cent, up from 68.9 per cent the previous weekend.

A Forrest house sold for $4.22 million making it Canberra’s most expensive weekend auction sale.

Located at 5 Moresby Street, the property last sold in 2001 for $2.14 million.

Jonathan Chancellor is editor at large at Property Observer.

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