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Seek co-founder Paul Bassat and his wife Sharon have joined the conga line of Melburnians heading to Sydney to buy up our over-priced real estate, splashing $10.25 million for a house at North Bondi.
Records show the four-bedroom designer digs with a pool at Ben Buckler was a quick sale for PPD’s Alexander Phillips, coming just seven days after it was listed with an $8.25 million guide.
The four-bedroom house with a 15-metre pool sold for $2 million more than the guide.Credit:Domain
Bassat, who co-founded job site Seek with his brother Andrew before he left to establish technology venture capital giant Square Peg Capital, is primarily based in Melbourne’s well-heeled Armadale, making the Bondi digs a summer holiday house for the couple.
Cashing in on the deal is Christian Millett, of the Millett Group hospitality family that owns Salty’s in Bondi, who bought the North Bondi digs new in 2014 for $3.3 million.
Square Peg Capital co-founder Paul Bassat joins a slew of Melburnians buying in Sydney.Credit:Wayne Taylor
Bassat joins a number of fellow Melburnians moving to Sydney, such as: Bain & Company senior partner Chris Harrop, who bought Woollahra’s Woodlands for $35 million; Will Myer, of Toorak’s retail family, in a $4.8 million Woollahra house; and diesel industry businessman Devesh Mishra and his wife Anshika, who bought Balmain East’s Rothesay mansion for $19.76 million.
Following the property paper trail to the Bassat purchase, Millett and his wife Chelsea are revealed as recent buyers in Bronte for $21 million from Karen Mills, wife of Beckon Capital’s David Mills, founder of kitchenware retailer Chef’s Toolbox.
The Bronte home of Karen Mills sold for $21 million, making it the third highest sale in the suburb.Credit:Domain
In the not too distant past, Bronte had never recorded a house price of anything like $20 million, but this latest sale by Highland Double Bay’s William Manning ranks as the third highest in the suburb thanks to the $25 million purchase eight months ago by baby sleepwear entrepreneur Hana-Lia Krawchuk and blockchain start-up co-founder Dorjee Sun’s $23.833 million purchase opposite the beach.
The Mills family is bound for the Southern Highlands, to the recently sold $11.5 million Mittagong property of Joe Lorincz.
Still with Bronte’s bull run of sales, Travelogic founder and former owner Craig Smith and his wife Kate took all of a week to sell their Victorian Italianate manor Wycombe.
The Victorian Italianate manor of Craig and Kate Smith sold before its scheduled auction on September 17.
PPD’s Phillips secured an offer of $14.7 million for the 1880s residence, far more than its $11.5 million guide.
If that doesn’t prompt eye-roll enough, the house last traded a decade ago for $5.6 million.
The Smiths are downsizing to a $17 million penthouse in developer Danny Avidan’s Kalypso project in Tamarama.
Olympic gold medallist Steven Bradbury’s timing looks to have been a little out, for once, with the sale of his Sunshine Beach apartment in Queensland missing the boom by a few months.
The speed skater, who became a global star at the Salt Lake City 2002 Winter Games when his four rivals collided just before the finishing line, had originally listed the four-bedroom apartment at Kings Beach in April for more than $2 million.
Steven Bradbury has sold his apartment on the Sunshine Coast.Credit:
It didn’t sell, so Danelle Wiseman and Jonathan Pattinson, of Better Homes and Gardens Real Estate, dropped the guide to $1.8 million in May, and discounted it again in July to $1.629 million.
That seems to have done the job, given it sold for about that much. The result is almost double the $855,000 he paid for it in 2011.
Richard White has developed a penchant for The Eliza building overlooking Hyde Park.Credit:Natalie Boog
Sydney’s billionaires are well-known for buying the houses and even farms next door, but Wisetech chief Richard White has taken it to the next level by acquiring a slew of his neighbours in the Hyde Park tower The Eliza.
Following settlement this week on a four-bedroom spread in the Tony Owen-designed building for $5.75 million, White and his corporate interests own four of the 19 apartments, including the building’s three-level penthouse he bought for $15.5 million late last year. His latest purchase takes his holding to $30.35 million.
Running Bare director Yolanda Powell has bought in Paddington for $6.125 million.
Yolanda Powell, who runs the Running Bare activewear company, and her hotelier husband Mark Kennedy, of the Endeavour Hotels, have bought designer digs in Paddington for $6.125 million.
The Agency’s Ben Collier sold the four-bedder on behalf of Victoria Teplitsky, sister of high-profile developer Michael Teplitsky.
Powell and Kennedy look to be making a temporary move to Paddington given the renovation plans they have for the Spanish Mission-style home in Bellevue Hill they bought in 2015 for $10.65 million.
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