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The Double Bay waterfront house owned by the family of the late orthopaedic surgeon Basil Ireland and his widow Ernestine has sold on the quiet amid a wad of gag orders on all involved and local talk of a $35 million sale price.
A long settlement is not expected to reveal the buyer’s identity until well into next year.
The Double Bay house owned by the family of the late Basil Ireland last traded in 1978 for $200,000.
The six-bedroom house on 552 square metres was listed by local agent Paul Rich in November last year for $45 million, a year after near neighbouring beachfront houses sold for $35 million and $26 million to former garbo Ian Malouf.
Ireland, who died in 2018 aged 91, purchased the home for $200,000 in 1978 from artist and former model sisters Princess Nike Arrighi Borghese and Luciana Chetwynd, daughters of the late Italian diplomat Ernesto Arrighi.
The billionaire Westfield heiress Monica Saunders-Weinberg certainly has an appetite for North Bondi real estate. Not content with buying three fairly run down houses in recent years she has added a fourth to her books.
The North Bondi bungalow last traded 40 years ago for $146,250. It resold recently for $7.7 million.Credit: Domain
Records show the daughter of the late Westfield co-founder John Saunders has paid $7.7 million for a tired bungalow that last traded 40 years ago for $146,250.
The purchase takes her local holdings to more than $35 million, given three houses around the corner on Hastings Parade she purchased in 2020 and 2021, and an apartment in the Cadigal building overlooking Bondi Beach she bought back in 2007 for $4.5 million.
Monica Saunders-Weinberg is undertaking an $8.4 million redesign of her Bellevue Hill home.Credit: Mark Morffew Photography
Saunders-Weinberg is based in Bellevue Hill where she has consolidated three properties and is undertaking $8.4 million worth of alterations and additions to a design by Bruce Stafford and Associates.
Last week, Woollahra council approved the site as a single residence.
Charlie Cai and Cynthia Xin Xiaoguang have done well from their line of sustainable packaging products like bamboo plates and wooden cutlery, judging by their recent $32.5 million cash purchase in Vaucluse.
The Vaucluse Road house purchased by Charlie Cai and Cynthia Xin last traded in 2016 for $12.5 million.Credit: Domain
The co-directors of sustainable packager PAC Trading have settled on a six-bedroom residence set above Hermit Bay and sharing the same gun-barrel harbour views as near neighbours Justin Hemmes and Best & Less chief Ray Itaoui.
It was sold by Laing+Simmons Double Bay’s D’Leanne Lewis and Jacob Hannon on behalf of Xiao Yan Wang and Kevin Su, director of the project marketing and development company SW Group that went into liquidation three years ago.
The house last traded in 2016 for $12.5 million when sold by now Paddington-based former Goldman Sachs executive director David Nolan and his wife Anita.
Cai and Xin are coming from Killara, and their home upgrade comes just four months after PAC Trading was acquired by Rob Koczkar and Anthony Kerwick’s private-equity shop Adamantem Capital.
Andrew Gray is the founder of private equity outfit Potentia Capital.Credit: AFR
Not everyone in private equity is doing so well in terms of property. Potentia Capital founder Andrew Gray and his wife Emma have sold their Mosman residence, Cambria, copping an almost $2 million loss on the $17 million they paid at the peak of the boom last year.
Having purchased it from former Perpetual chief Geoff Lloyd when they sold their Bellevue Hill trophy home for $37 million to Adani CFO Robbie Jugeshinder Singh, they listed it early this year for $17 million.
It never sold, and so they relisted it more recently with a $15 million guide with Ray White Mosman’s Vincent Wong and Geoff Smith. That did the trick, securing more than $15 million given it was a pre-auction sale. Settlement will show the exact result.
The top-floor duplex of Neil and Nina Glasser is for sale for $19 million.Credit: Domain
A Point Piper duplex apartment next door to the trophy homes of Seven’s Bruce McWilliam and Altona’s billionaire family of Huang Bingwen is for sale for $19 million.
Neil Glasser, MVO died in 2020, aged 101.Credit: Steve Lunam
The waterfront property was built in 1902 and designed by architect Arthur McCredie for inventor and aviation pioneer Lawrence Hargrave, who kept it until he died in 1915.
Long since converted into two apartments, the top floor was purchased in 1981 for $450,000 by the late Nina and Neil Glasser, the latter of whom was awarded the Queen’s Royal Victorian Order in 1996 for his service as promotions director of the Queen Victoria Building.
It is listed with Sotheby’s Michael Pallier.
David Lim and Erika Rahman have spent $32 million to move 200 metres down Vaucluse’s Wentworth Road to buy the home of mother-son trophy home collectors Jing Wang and William Wu.
The off-market sale comes five years after Wang purchased it new for $20.8 million from hotelier Marcus Levy and his wife Vanessa Sanchez-Levy.
The Wentworth Road, Vaucluse, residence sold new in 2018 for $20.8 million, and resold recently for $32 million.Credit: Domain
Lim was managing director of Euphron back in the 1990s when a joint venture part owned by Indonesia’s billionaire family bought former prime minister Paul Keating’s share of a piggery.
Lim and Rahman have owned on their current Vaucluse home since 2020 paying $8.5 million for it to Reckon software accounting firm founder Clive Rabie, and renovating it significantly since then.
Bradfield BadgerFox’s Alexander George, who sold them into their new digs, has listed the couple’s former home with a $20 million guide.
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