Has Sydney’s premier trophy home Boomerang sold? Lindsay Fox won’t say

For its first half century the house remained with the Albert family, until sold in 1978 to the late property developer Ian Hayson, who subdivided the site and sold Boomerang for $1.05 million. At the time the sale was billed Sydney’s first official sale to cross the $1 million mark, but rumours have long since claimed the Hemmes family’s Hermitage estate traded for double the $500,000 registered on title records.

Throughout the 1980s there were a slew of high-profile owners, including businessman Peter Fox, bookmaker Mark Read and Perth developer Warren Anderson.

Anderson, who made his fortune developing shopping centres, was in residence when the commercial property crash of the late 1980s dented his net worth, prompting claims upon the estate by the Bank of New York. A court stoush ensued during which time the bank had security guards posted outside the property’s perimeter wall, and Anderson had guards inside, and ended when it sold mortgagee in 1993 for $6.6 million.

Jailed fraudster Nati Stoliar was known as a telephone pager entrepreneur in 1993 when he purchased it for $6.6 million, selling it three years later to hedge fund manager Duncan Mount and his wife Sally for $15 million.

It set a national house price record in 2002 when purchased by the late art collector and cleaning businessman John Schaeffer for $20.7 million, but rising debt contributed to its resale for a loss in 2005 for $20 million.

For the past almost 20 years it has been owned by Katrina Fox, the daughter Lindsay Fox, who thanks in large part to his transport and logistics giant Linfox is worth an estimated $4.35 billion on last year’s Australian Financial Review Rich List 200.