Lisa Ho prepares to take $1 million plus loss on her 1880s Randwick property
Fashionista Lisa Ho 's four bedroom Randwick residence, Silverton was passed in at weekend auction at $2,675,000.
It had $3 million plus hopes prior to its auction through McGrath agent Adrian Bo - and has since been given a $3 million asking price.
The Randwick home on 626 square metres was initially listed for sale in 2011 with hopes of more than $4.5 million.
Lisa Ho bought the freestanding, circa-1884 Italianate residence in 2010 for $4 million directly from interior designer Ros Palmer.
The Dutruc Street property previously traded in 1985 for $266,000.
RP Data puts the median Randwick house price at $1.43 million, which is down 3.4% over the past year, but up 9.9% over the past five years.
Lisa Ho's big mistake was dealing direct with the persuasive Ros Palmer.




