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Philanthropist and gallerist Dr Gene Sherman sold her historic Centennial Park mansion, Braelin for $26.5 million in November, making it the third time the house has claimed the suburb’s top result since 2015. Tech billionaire Mike Cannon-Brookes did it first when he bought the home for $12 million, and did so again when he sold to Sherman in 2018 for $16.5 million.
Downsizers led the records in Paddington and Elizabeth Bay. The former when environmentalist Geoff Cousins and his author wife Darleen Bungey paid $20 million for a penthouse in the Paddington Green development, and Elizabeth Bay’s apartment records were smashed by yachtie Matt Allen’s penthouse purchase in the Billyard Avenue development.
Inner-city slickers
Architect Adam Haddow pocketed $8 million for his award-winning apartment atop the Cleveland & Co development, and The Rocks house price record was smashed early in the year when aged-care mogul Dr Shane Moran sold the historic Darling House for $23.1 million to the family of Filipino businessman and Western Sydney Wanderers co-owner Jefferson Cheng.
Provectus Care chief Dr Shane Moran at historic Darling House at The Rocks before he sold it for $23.1 million.Credit: Louise Kennerley
Newtown scored a couple of top sales. First when a Victorian terrace sold for $6.85 million to barrister Jason Downing and Amanda Lintott, founder of luxury car products company Autonomy Co. That sounds impressive but only until former Star casino boss Matt Bekier almost doubled that selling his converted warehouse for $13.5 million.
Bekier also set a record for Callala Beach when he sold his South Coast weekender for $5.3 million to Melanie and Glenn Poswell, the Gannet Capital founder and former chief of the Packer family’s Ellerston Capital.
Northern highlights
Portovenere is a 3000 square metre property in Clontarf that sold for $32.18 million by the one of Cambodia’s ruling families.Credit: Domain
Clontarf’s landmark 1960s-built residence Portovenere previously held the suburb high thanks to the $11 million sale in 2016 by the estate of the late arts patrons Amina and Franco Belgiorno-Nettis, but its sale in May for $32.18 million stunned even the most seasoned local agents. It was sold by former husband and wife from Cambodia’s ruling families Madina Tao and Mongkol Phara, the latter of whom is the son of Cambodian Deputy Prime Minister Chea Sophara.
Cathal O’Rourke returned to the UK this year to take up a senior executive role at the family company Laing O’Rourke.Credit: Renee Nowytarger
A couple of weeks later at a private auction for the Fairy Bower home of Cathal O’Rourke, of UK’s largest private contractor Laing O’Rourke, a new high was set for Manly of $25.05 million thanks to buyers Lucy and Paul Dundon, chief of absence management company Direct Health Solutions.
Up the Northern Beaches at Whale Beach Catherine and Renato Coneliano, of the recently floated chemical distributor Redox, set a $14.3 million high.
The couple didn’t need a mortgage to settle on the clifftop house of veteran merchant banker Mike Crivelli, no doubt in some small part thanks to the timing. The day after they bought it the family-run Redox hit a peak on the ASX at $2.62.
Star cricketers Alyssa Healy and Mitchell Starc smashed all previous records for the Forest District when they bought the luxury equestrian estate in Terrey Hills called Charlotte Park for $24.5 million.
Alyssa Healy and Mitchell Starc purchased Charlotte Park at Terrey Hills for $24.5 million.Credit:
It not only topped the Terrey Hills high of just a few months earlier of $14.1 million by GWS Giants deputy chairman Adrian Fonseca, but also the Elanora Heights record of $15.83 million for the landmark Starship Enterprise house sold to Belrose locals Sarah Burns and Greg Stockley, of GPM Marine Constructions.
The upper north shore also cracked the trophy home price range for the first time when “Alex” Chao Duan, a director of Chinese smartphone Oppo’s Australian distributor OMC Electronics, paid $20.5 million for the home of commercial property businessman John Virgona and his wife Anna.
Warrawee’s record was closely followed by a $19 million sale in Killara, purchased with no need for a mortgage by Bei Chu, a director and owner of Chinese-backed property giant Greaton. Chu and her husband Kaitang Wang made headlines in early 2020 when they were among some 240 evacuees from Wuhan held in quarantine at the Christmas Island detention centre for two weeks at the onset of the pandemic.
The Killara residence of Simon Choi and Xinrong Li sold for $19 million to Greaton’s Bei Chu.Credit: Domain
Longueville recorded a $23 million sale thanks to Sandy Chen Yi Fei, sister to financier Owen Chen. The Chens are familiar with the local high-end real estate, having set a Northwood record in 2021 of $24.1 million, only to see the heritage house destroyed by fire last year.
The Hills District recorded a $14 million high in Middle Dural – again with no mortgage – thanks to COVID test supplier from Victoria, Gavin Grace, a director of laboratory equipment supplier Westlab and an associate of Bruce D. Hales, the global leader of the fundamentalist Christian sect known as Exclusive Brethren.
The luxury acreage in Middle Dural sold for $14 million to Ballarat-based Gavin Grace.Credit: Domain
At Glenhaven, former Parramatta Eels great Nathan Hindmarsh and his interior designer wife Bonnie Hindmarsh sold their luxury acreage home for a record $10.3 million to celebrity couple Lleyton and Bec Hewitt.
Bec and Lleyton Hewitt bought luxury acreage in Glenhaven for $10.3 million.Credit: Scott Barbour
Get out of town
Regional holiday spots also saw a slew of sales far above anything previously set on local title records. Chief among them was the South Coast oceanfront property at Bermagui, Nerimbah Farm.
It sold for $10.5 million to a company majority-owned by Macquarie Capital’s executive chairman David Roseman.
Further north in Narrawallee a beachfront house sold for $12 million – again in cash – to retiring farmers Roz and Max Graham, whose Galong property Argyle sold recently for a reported $33 million.
On the edge of the Royal National Park at Bundeena an $8.2 million deal was struck for a beachfront house purchased by property investors Dion Morrison and Charlotte Breen, the granddaughter of the late industrialist Tom Breen.
The Horderns Beach house at Bundeena sold by Debbie Donnelley for a record $8.2 million.Credit: Domain
The Central Coast’s Pearl Beach logged a $12.25 million sale on title records thanks to the purchase of UK private equity investor Thomas Fussell from Linda Cunningham, wife of former Goldman Sachs group treasurer Michael Cunningham.
At Boomerang Beach there were two records. First at $5.575 million thanks to Kate and Sam White, of the real estate franchise family, and soon after at $6 million thanks to the holiday home plans of neurosurgeon and former AMA president Professor Brian Owler and his partner, AMA NSW chief Fiona Davies.
Reclusive Savage Garden musician Daniel Jones and his wife, former Hi-5 star Kathleen de Leon Jones paid $5 million for The Coppice at Tuckombil in the hinterland, but by far the most impressive deal set for regional NSW was set again in Byron Bay.
Not by the billionaires Hemmes or Eisen, but by Tom and Emma Lane, of the Oroton fashion empire family. The Lanes sold their Coopers Shoot hinterland home, known as The Range, for $33.65 million to a company trust fronted by Bondi-based tech company boss Ben Bray, who turned 28 this week.
The Range at Coopers Shoot was described by Tom Lane as “a perfect fusion of an Australian farmhouse with Spanish Finca influences”.
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