Dib Chidiac and his team assembled 15 registrations and a huge crowd in the pouring rain to compete for one of the last untouched original homes on Cabarita's dress circle waterfront at 33 Dorking Rd recently.
Sydney real estate auctioneer Clarence White of Menck White Auctioneers sold the property under the hammer for a whopping $8.275m.
Sydney's housing market is in the midst of an unprecedented boom in prices with auction clearance rates soaring in the high 80s week in week out through the pre-easter selling season.