Larry Emdur with his Morning Show co-host, Kylie Gillies.
The Morning Show’s Larry Emdur has quietly listed his Bondi investment properties on the back of his agent son’s recent sales success in the neighbourhood.
Son Jye Emdur, who works for The Agency alongside Brad Gillespie, set a building record for an Art Deco two-bedder at 6/28 Ramsgate Avenue, North Bondi recently.
“We were guiding $1.1m, but we had 60 groups through and sold it in seven days prior to auction for $1.36m,” he told the Wentworth Courier.
Snapped up by a young local man from Waverley using a buyer’s agent, he had first home buyers and a handful of investors keen.
“It felt positive and strong from the get-go,” he said.
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Jye Emdur sold 6/28 Ramsgate Avenue, North Bondi for $1.36m, a record for the block.
The two-bedroom apartment attracted 60 groups through and sold in a week.
Jye Emdur at an auction in Chippendale in July. Picture: Darren Leigh-Roberts
Despite the market for apartments in the inner-city being less strong, the experience in Bondi enthused dad Larry.
“He’s had Bondi investments for 30 years and he’s looking to do other investments down the track rather than one-bedroom or two-bedroom units,” Emdur said.
“So we’ve got them on the database and we’ve got some who missed out on Ramsgate Avenue looking, and a few others have been through.”
Ultimately, he expects his dad will put the apartments — a one-bedder at 3/78 Brighton Boulevard purchased for $318,000 in 2001 that collects $600 a week in rent and a two-bedder at 5/16 Glen Street, Bondi bought for $400,000 that same year that had been renting for 850 a week — on the general market.
The facade of 3/78 Brighton Boulevard, North Bondi.
The Brighton Boulevard apartment features a renovated kitchen and bathroom.
There are now hopes of circa $1m for each of the apartments.
Jye says Larry and wife Sylvie have no plans to move on from their $3m apartment in the Rocks in the CBD, purchased in 2017 after accountant Anthony Bell paid a suburb-record setting $11.5m for their clifftop mansion in Dover Heights.
They live both there and the Berowra Waters holiday home with river views purchased for $1.1m in February.
Jye, 26, spent the first few years of his life living with his parents at an apartment on Ramsgate Avenue, North Bondi.
The terrace of the two-bedroom apartment at 5/16 Glen Street, Bondi.
The Glen Street apartment has two bedrooms.
The family retains that apartment, bought for $375,000 in 1992.
Larry Emdur, who grew up by the beach at Bondi, has been an enthusiastic surfer all his life.
Says Jye: “Dad used to surf a lot … that’s how he fell into his job, being a copy boy over night and he’d surf all day.”
Jye, an agent for two years with The Agency, shares an enthusiasm for Bondi.
“Three generations of Emdurs have lived in Bondi and Bondi holds a very special and close place in my heart,” he said.
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