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ABC News
ABC News
Business

Sydney oceanfront property sells for close to $45 million amid cost-of-living crunch

The record sale price fetched by a bungalow in Sydney's eastern suburbs suggests the Harbour City's market has some way to climb according to property experts.

Perched on its own small peninsular along the famed Bondi to Bronte walk, the original 1920s bungalow has set a staggering new record.

Known as 'Lang Syne', the home is understood to have sold at around $45 million on Wednesday, after hitting the market in November last year at a $47-52 million listing price.

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