Maroubra suburb record smashed with $14m sale amid post-COVID FOMO, and now TINA

16 Mermaid Avenue, Maroubra, sold for $14m last week, setting a new suburb record.

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Not only was the Tamarama suburb record smashed with a $16.5m sale last week, so was Maroubra’s with a $14m sale as buyers passion for trophy homes by the coast soars.

“There’s an unquenchable thirst for housing, FOMO [Fear of Missing Out] and TINA — There is No Alternative,” says leading prestige residential valuer Simon Feilich, director of Dyson Austen.

The five-bedroom, five-bathroom Smyth & Smyth-designed home with six-car garage at 16 Mermaid Avenue, Maroubra — which records show was owned by Buildquip director Connie Stojic — sold last Tuesday via Sotheby’s managing director Michael Pallier.

The previous house price record for…