When it comes to selling or investing in postwar architecture, the name of the architect can bump up the value.
When it comes to selling postwar architecture , the name of the architect can push up the price. Take the example of a house in East Ringwood designed by architect, which sold in July for $1.61 million by Jellis Craig Bundoora for about $240,000 over the reserve.
“There’s a sense of materiality that comes with this period, whether it’s the exposed brick walls or the chunky timber beams,” he says. Shannon Whitney, founder and director of BresicWhitney, cites two eminent postwar architects – Harry Seidler and Neville Gruzman – as attracting interest when their houses come onto the Sydney market.
While these virtually intact period homes appeal to the purists and many design buffs, according to Whitney, “those that have been thoughtfully updated for contemporary living have broader appeal and receive greater prices”.
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