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Two cashed-up empty-nesters went head to head for the five-bedroom beachfront home, which was on the market for the first time in more than four decades.

The striking architect-designed Newtown residence with pool, private courtyard and distinctive timber kitchen attracted four bidders at a hot auction.

The striking architect-designed Newtown residence with pool, private courtyard and distinctive timber kitchen attracted four bidders at a hot auction.

Prices soared in highly coveted if far-flung Sydney suburbs last year as remote workers looked for more space, but the boom in those neighbourhoods could be losing steam.

Tawar Razaghi Save Share Almost all homes at the top end of town in Sydney recorded a profit this year, as many turned around up to a million dollars in the space of just 12 months, new figures reveal. The Northern Beaches Council area that takes in Manly up to Palm Beach led the way, with 98.4 per cent of all sales recording a median profit of $856,300 in the first quarter of this year, according to CoreLogic’s Property Pain and Gain report.     In Woollahra Council, which takes in some of the most prestigious suburbs in Australia from Paddington to Vaucluse, 97.4 per cent of all...