Honorable mentions go to Chinese commercial real estate mogul Sam Guo for getting nearly $ 20 million for his neglected pile of Hunters Hill, Skye Leckie for his $ 17 million sale to Woollahra and former neighbor Kerry-Anne Kennerley for negotiating his own $ 22 million deal. (KAK reportedly received two gold stars but failed to keep the suburbs high for more than a few weeks thanks to the $ 45 million sale of Rosemont by Blue Blood Burrells).
State-of-the-art real estate
If the lockdown hasn’t reminded us of the vital role internet technology plays in our lives, real estate purchases in the tech sector certainly will.
It wasn’t just AirTrunk’s Robin Khuda who invested his newfound wealth in $ 124 million in bricks and mortar.
Joshua Chan, founder of one of the biggest online gambling sites, set a high bid when he bid $ 20.1 million for the James Mayo yachtie’s Bondi Beach carpet and then pocketed 12 , $ 2 million from Bitcoin entrepreneur Kain Warwick when he sold his Bronte dig.
Finder founder Fred Schebesta paid $ 16.85 million to become King of Coogee, and blockchain start-up co-founders Joanne Way Yee Huynh and Dorjee Sun briefly held Bronte’s record of 23.388 million before baby sleepwear entrepreneurs Hana-Lia and Gavin Krawchuk reset values locally with their $ 25 million purchase.
Fintech stocks may have been on a rollercoaster ride, but Australia’s youngest billionaire Nick Molnar hasn’t let that interfere with his plans to buy most of Ben Buckler.
The Afterpay co-founder didn’t just buy the entire clifftop triplex in North Bondi, but added the neighboring apartment block, as well as a $ 5.8 million getaway to Bowral for good measure.
BigCommerce co-founder Eddie Machaalani made suburban residents ask “where is Abbotsford?” After paying $ 25 million for a waterfront estate on the Parramatta River.
Rich List Children
Estate planning has clearly been on the to-do lists of some long-term Wealthy List members.
Harry Triguboff’s daughter, Dr Orna Triguboff, bought a block of flats in North Bondi for $ 11.5 million, and soon after, his daughter Ella Lizor secured a $ 15 million excavation at Bellevue Hill .
Monica Saunders-Weinberg, daughter of the late Westfield co-founder John Saunders, has bought three homes in North Bondi under company names that are a mix of her children’s names for a total of $ 23 million this year.
Charles Fairfax, the youngest son of the late Queen of Society Lady (Mary) Fairfax, bought $ 15 million worth of excavations in Vaucluse, while his distant cousin, Angus White, grandson of the late journalist Sir Vincent Fairfax, however, has become a Birchgrove waterfront.
Wealthy Transfield family software developer Vito Belgiorno-Zegna and his wife Kate saved one of Forest Lodge’s oldest homes from demolition by buying it for $ 4.62 million.
Andrew “Twiggy” Forrest is worth around $ 27 billion, but his daughter, Sophia, manages in a $ 1.8 million penthouse in Waterloo.
Gina Rinehart has reportedly paid $ 34 million for a Queensland getaway to Sunshine Beach. Oddly enough, five months after the sale was announced, the title remains in the name of sellers Murray and Margaret Charlton, although it did grant a mortgage to thoroughbred racehorse owner Peter Tighe at the time.
Make real estate news
Many big names in the media have made headlines in real estate deals, including James Packer, a descendant of former owner of Nine Kerry, who ultimately paid for his apartment in Crown’s Barangaroo One tower.
This is the apartment that Crown announced it had sold off plan four years ago to its largest shareholder for more than $ 60 million, but which translates in casino terms to $ 72,229,573 upon settlement.
The Middle Cove home of late Nine legend Brian Henderson peaked nearly $ 12 million in the suburbs, as did Nine vice president Nick Falloon and his wife, Diane, when they sold their Longueville home for $ 13.5 million to the little-known Yifang Liu.
Peter Overton and Jessica Rowe traded their $ 8.1 million Vaucluse home to be closer to the port for nearly $ 11 million.
Seven faithful Ann Sanders got around $ 12 million for her digs at Hunters Hill, and new recruit Natarsha Belling sold at Lane Cove for $ 3.42 million to buy in Longueville for $ 6.1 million.
All of this made the pay for ABC’s star news crews a bit tight: Stan Grant and Tracey Holmes traded Auburn for a $ 2.85 million penthouse in Coogee, while Indira Naidoo bought Potts Point for 472. $ 000.
Simon Baker and Rebecca Rigg fared well from their Bronte home when they sold for $ 17 million less than a day after rumors erupted that their hillside home was even being offered.
It has been a year of out of control house prices and a seemingly endless call for new names to buy our best homes. But as the people of Sydney consider how rich some of us have become, will the rich look at the rest of us and see how far we’ve come?