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The Newport home of Jono and Alexandra Isaac has returned to the market two years after they bought it for $10 million.Credit: Domain
The Isaacs purchased the six-bedroom house on the Pittwater waterfront with a private jetty and boathouse for $10 million in 2022 following the sale of their Narrabeen waterfront house for $5.6 million.
Jono Isaac is part of a syndicate that rescued The Boathouse Group after it collapsed in 2019.
It returns to the market with a $12 million to $13 million guide by McGrath’s James Baker.
Isaac and his brother Ben are best known for being a lead part of a syndicate that rescued The Boathouse Group of restaurants after it collapsed in 2019 with debts of $21.5 million. The group has since expanded to include 11 venues from Rose Bay to Patonga.
Housing workaround
Charter Finance boss Dean Perlman and his wife Lindsay have come up with an interesting workaround of the current housing supply shortage: buy a block of apartments amid plans to demolish them to make way for a single home.
A rundown block of four apartments in Rose Bay is set to be demolished to make way for one house.Credit: Domain
Of course, such a plan costs more than most of us earn in a lifetime, but in the Perlmans’ case may be helped by their $23 million sale late last year of their Bellevue Hill home by Laing+Simmons’ D’Leanne Lewis to Kim Seder, wife of SquareKnot founder Mike Seder.
Title records show Lindsay purchased the block of four somewhat rundown apartments in Rose Bay for what a well-placed source said was about $13 million, matching the asking price of 1st City’s Brad Caldwell-Eyles.
For owners forensic psychiatrist Yolande Lucire, the partner of the late former federal Labor senator Bruce Childs, and her son Stephen Hempton, that averages $3.25 million for each apartment in a suburb where the median apartment price is currently $1,476,500. Ker-ching.
Still with the shrinking pool of available housing, rag trader David Gazal and his wife Jaclyn have bought the house next door to their Bellevue Hill home.
The Bellevue Hill house owned by the Eichel family sold under the hammer for $17.13 million to the next door neighbour.Credit: Domain
The Gazals have been based in their battleaxe home since 2011 when it sold for $12 million, but with an eye on the Eichel family’s 760-square-metre property in front, they were forced to dig deep at the recent auction by Ray White’s Ashley Bierman. What started with a guide of $14.25 million sold under the hammer for $17.13 million.
Land and sea on offer
Among the many options for Easter listed this week is the Callala Beach holiday home of Port Hacking Capital co-founder Matthew Gregory amid hopes of topping the beachfront’s $5.3 million record set just six months ago by The Star’s former chief executive Matt Bekier.
The Callala Beach holiday home of Matthew Gregory is listed for $5.5 million.Credit: Domain
Gregory has owned the beachfront property since 2011, paying $1.275 million and rebuilding it into a five-bedroom house the following year.
As Christie’s James Hall takes buyers through the South Coast weekender, Gregory’s Southern Highlands property in Mittagong, Glen Lorne, is also set to hit the market.
This is the 60-hectare property Gregory purchased in 2018 for $6.5 million from the Hindmarsh family. He commissioned the recently completed, striking residence designed by architect Tina Tziallas.
Glen Lorne is the Tina Tzillas-designed resdience in Mittagong owned by Matthew Gregory.Credit:
James Hall is yet to offer an asking price ahead of the campaign, but it is set to be lined up alongside the nearby Mittagong property Fonthill, which was purchased in 2022 for $20 million by developer and Deicorp boss Fouad Deiri.
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