Rich fins are braving the real estate downturn
London-based O’Reilly appears to have held back on renovations before returning its purchase price and stamp duty with a small change given the $5.6 million sale price for an obstetrician-gynecologist Michael van der Griend and his wife Solve.
BresicWhitney’s Maclay Longhurst brokered the deal after selling Van Der Griend’s nearby home for $9.53 million.
Top Rating Radio Star Jackie “O” Henderson hasn’t made any improvements to her Woollahra home in the three years since she bought it for $11 million, but The Agency’s Ben Collier still managed to sell it for $13 million.
It was bought by David And Dalia Schnablthe latter is the daughter of the senior care manager peter wellbest known for buying killer Ron Medich’s Point Piper home in 2014 for $37 million.
The KIIS FM host knows all about rising prices after he bid the US$13.25 million bid on JP Morgan’s Gordon’s Bay home last weekend Kierin Deeming and lawyer Justin Hallwho haven’t commissioned more than one new DA since buying it in 2019 for $6.01 million.
Derivatives traders Toby Abbey bought his Mosman home in 2021 for $8.5 million, commissioned a redesign from Harper Lane Design and has it back for sale with a $13 million guide by Atlas’ Anthony Godson and Belle’s David Benjafield offered.
Abbey is moving into nearby trophy house Stonehenge, which he bought from Macquarie’s former chairman in late 2021 for $21.5 million Peter Warneand which has also recently received the Harper Lane Design treatment.
But not every high-end seller expects to be immune to the market downturn.
film producer Jamie HiltonFounder of See Pictures, and his bibliophile wife Jessie Hilton listed their pied-à-terre in Woollahra with a $5 million leader after just 18 months.
This is the house-like apartment renovated by the lawyer Karl Banister and then sold to the Perth-based Hiltons in 2021 via William Manning for $5.7 million.
In Mosman, Potentia Capital boss Andrew Gray and his wife Emma bought Federation House Cambria for $17 million eight months ago and has listed it through Atlas’ Michael Coombs for $15.5-16.5 million.
The Grays have already ridden the housing boom in lucrative terms, thanks to last year’s $37 million sale of their Bellevue Hill home Rothesay to Adani CFO “Robbie” Jugeshinder Singh.
Eventually the Southern Highlands retreat Rosana And “MJ” Martono Jaya KusumaFounder of Indonesian mobile operator Nexian, is available for sale less than a year after purchase for $3.525 million.
Belle’s Debbie Pearce has a $3.3-$3.5 million guide for the three-bedroom property as the Kusuma family plans to buy something that offers more accommodations.
https://www.smh.com.au/property/news/rich-flippers-the-who-s-who-defying-the-property-downturn-20230316-p5csk0.html?ref=rss&utm_medium=rss&utm_source=rss_property Rich fins are braving the real estate downturn