In Point Piper, former Seven executive Brad Lancken, now at private equity firm Liverpool, didn’t last long in the house he bought from Bruce McWilliam last year for $9 million.
Rumour has it he has sold it on the quiet for $15 million. Ray White Bondi Junction’s Riki Tawhara won’t comment on the deal, but paperwork lodged on title this week reveals the buyer is Dr Gregory Ireland, a dentist recently returned to his hometown from Britain.
The off-market also saw about $15 million exchanged for the Vaucluse home of former NAB executive, now Broyd Partners’ Chauncy Stark and his wife, designer Andrea Stark.
Ray White Double Bay’s Warren Ginsberg declined to reveal the result, but an Instagram post revealed it was bought by buyer’s agent Simon Cohen, and the sale price is about three times the $5.5 million the Starks paid for it in 2013, before they renovated.
Christmas rush starts
There are seven weeks until Christmas, which means if you want to sell this year you needed to be prepped for sale now. Agents know it, judging by the run of listings to hit the market this week by the likes of former Crown chair Helen Coonan, developer Nabil Gazal, Paspaley’s Michael Bracher and F45’s Rob Deutsch.
The art deco Woollahra house is half owned by Coonan and her son Adam Coonan and his wife, Candice Bailey, although the former Howard government minister lives around the corner with her husband, retired Supreme Court judge Andrew Rogers.
Coonan jnr, a corporate governance specialist at EY, and Bailey have listed it with McGrath’s Fraser Turvey and Luke Hogan ahead of a December auction and a $7 million guide given talk of a tree change.
No surprise to see the Darling Point bachelor pad of Nabil Gazal jnr hit the market this week, although its new interiors by Blainey North are a big improvement since he bought it in 2016.
William Manning and Bill Malouf have set a $13.5 million to $14.5 million guide given Gazal’s move to a 1960s Woollahra house he bought last month with his wife, Tahlija, for shy of $16 million.
In Bellevue Hill, Paspaley senior executive Michael Bracher, a third generation of the pearling family, and his wife, Mia, have an auction guide of $11.5 million on their architect Michael Bell-designed home through Ray White Double Bay’s Ashley Bierman.
F45 co-founder Rob Deutsch no sooner lost a tenant at one of his apartments in Bondi Beach than he has opted to sell it through The Agency’s Edward Reid and Steven Chen for $1.45 million at a November 19 auction.
It is one of three investments he owns in the block where he lives, this being the smallest with only one bedroom and purchased in 2018 for $1.3 million.
Deutsch, whose business interests are now in the premium baby goods market, bought a warehouse in Rosebery earlier this year for $9.25 million, and sold his former Bronte home for $17.7 million.