Sold: Daniel Johns’ investment property delivers $2.39m profit
Daniel Johns has offloaded his long-held investment property in Merewether for $2.75 million.
CoreLogic records show the property at 31 Ranclaud Street has sold and earned the former Silverchair frontman a profit of $2.39 million.
Johns, 45, had just turned 17 when he purchased the beachside pad in 1996 for $360,000 in the wake of the success of Silverchair’s debut album, Frogstomp.
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By continuing you agree to our Terms and Privacy Policy.At the time, Merewether’s median house price was $293,593.
In 2024, the average sale price of a house in the suburb has climbed to $1.86 million, according to CoreLogic.
Listing agent Chasse Ede at Presence Real Estate took the property to market in February with an initial auction guide of $3 million.
It was re-launched in May with a revised auction guide of $2.6 million.
The $2.75 million result achieved a street record for Ranclaud Street, topping the previous $2.57 million record set in December.
Positioned 250 metres from Merewether Beach, the weatherboard home has four bedrooms, including a master with a walk-in robe and ensuite.
There are separate living and dining rooms, a kitchen, a study, a main bathroom and an attic.
The 635 square metre property on Ranclaud Street was the first real estate investment for Johns who bought a two-bedroom shack in a coveted spot near Merewether Beach for $645,000 a few months later in August 1996.
In 2000, Johns paid $1.4 million for a 1970s five-bedroom home with ocean views overlooking Merewether.
The sale follows Johns’ ex-Silverchair bandmate Chris Joannou’s house sale in Carrington in 2022.
Joannou sold his three-bedroom family home at auction for an undisclosed amount believed to be upwards of $1.6 million after purchasing it for $671,000 in 2014.
He bought an acreage on the Mid-North Coast.
