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Bob Teoh, the 28-year-old son of reclusive billionaire telco founder David Teoh, looks to have joined the ranks of Sydney’s first home buyers after a house settled in his name this week.
But this is not the usual first home buyer property story because the house cost $16 million, and it was purchased without the need for finance.
The three-bedroom house sold on the quiet for $16 million.Credit:
The three-bedroom house, set on deep water frontage with a private jetty, was sold off market by Atlas’s Michael Coombs on behalf of Gerard and Jan Webb, who purchased it in 2001 for $3.358 million.
While records show this is Teoh’s first residential purchase in his name, he shares a long list of corporate interests with his brothers, who own commercial, industrial and business real estate from Chatswood to Macquarie Park totalling more than $300 million.
The Teoh family seem to have taken more interest in Sydney’s high-end housing market since Teoh snr stepped down as chairman of TPG Telecom last year. Company interests controlled by David and Vicky Teoh set a Chatswood suburb high last year when they bought the Hiawatha Federation mansion for $10.2 million.
Monica Hairu Yang has splashed out on another significant eastern suburbs house.Credit:Facebook
Still with Sydney’s high-end millennial house shoppers, Monica Hairu Yang was just 29 when she and her partner Junlin Lan made a big impression on Sydney’s high-end housing market, setting a record for a house sold at auction of $24.6 million in 2020.
But that Vaucluse house with a tennis court, swimming pool and views to the Harbour Bridge looks like it wasn’t large enough to accommodate any family visiting from Hong Kong, prompting a DA lodged last year for a second dwelling to be built under the tennis court.
The DA was knocked back in March, so lucky for the young couple they had already exchanged on another impressive piece of real estate for $13.6 million, this time in Bellevue Hill.
Twin Lions is a five-bedroom, five-bathroom residence in Bellevue Hill.Credit:
Yang, now all of 31, and Lan, 28, took a year to settle on the property, known as “Twin Lions”, after it was sold by Laing+Simmons Double Bay’s D’Leanne Lewis and Jacob Hannon.
Architect Alexander Michael is renowned for his distinguished residential designs, of which the most notable is the decommissioned nuclear missile silo north of New York City he bought in 1996 and converted into a home.
Architect Alexander Michael with his late partner Tony White.
So it is perhaps not surprising that his latest home purchase has been subject to chatter among some of the Aussie contingent currently in Rome.
The Palazzina Nebbiosi is a landmark block of apartments in Rome designed by the late architect Giuseppe Capponi and built in 1932 by renowned engineer Pier Luigi Nervi, and in which Michael has paid about $2.6 million for an apartment.
The purchase – said to be for the use of visiting family and friends – comes as Michael returns his grand Potts Point terrace to the market with a $10 million guide through Raine & Horne’s Jane Schumann.
This is the four-bedroom residence that was for more than four decades the home of Michael and his late partner, the acclaimed jeweller Tony White, and that housed much of the couple’s extraordinary private art collection.
The four-bedroom terrace in Potts Point has long housed one of Australia’s most extraordinary private art collections.
There was a time in the not too distant past when $5 million could afford some of the best property in the Southern Highlands, but inflation being what it is, $20 million seems to be the new price for a top getaway.
The Robertson property of Sue Gibson as it was when she bought it in 2018.
Ask multimillionaire Sue Gibson, whose Velvet Quarter Horse Ranch in Robertson is set to hit the market for just so much.
This is the 50-hectare property which was known as Crossways Farm by its former owner when it last sold in 2018 for $5.55 million by Louise Zavattaro, who had purchased it in 2009 for $4.8 million from Lisa Ho.
Helping to boost local values is the recent $22.5 million sale of Braesyde, sold by Gretel Ainsworth of the pokie billionaire family, which was part of her divorce settlement from billionaire Len Ainsworth.
Gibson recently sold her McMahons Point pad for $8.3 million – an uptick of $500,000 in the one year she owned it – through Atlas’s Adrian Bridges to former Macquarie banker Ian Schlipalius and his wife Christine.
Gibson, the former wife of Western Australia mining magnate Steve Wyatt, moved to NSW in 2018 and two years later sold her landmark Perth home, built for the late tycoon Alan Bond, for $27.5 million.
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