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Theatre producer Martin McCallum is best known for bringing us such headline acts like Les Misérables, Cats and The Phantom of the Opera – but who needs the box office takings from those big-ticket productions when there’s prime Sydney real estate to be sold?
High-end home shoppers with a spare $31 million to $34 million say they are being quietly offered McCallum’s long-held designer retreat in Palm Beach by Christie’s Shane Clinton.
The Palm Beach retreat of Martin McCallum is quietly on offer for $31 million to $34 million.Credit:
The off-market sales campaign comes a quarter of a century since the property last traded for $1.95 million in 1998, which came at the end of Andrew Lloyd Webber’s record run of The Phantom of the Opera in Sydney and Melbourne – for which some three million people packed auditoriums.
Martin McCallum has called the Palm Beach house his home in Australia since 1998.Credit:
In 2005 McCallum completed a major rebuild to make the most of the unfettered views to Barrenjoey Headland, complete with a swimming pool, fire pit, gym, sauna and self-contained studio.
Palm Beach’s values have followed Sydney’s trophy home market into the stratosphere in recent years. The local record house price jumped from $24 million in 2020 – for the retreat of the late media titan Sam Chisholm – to $40 million last year for a beachfront house bought by former garbo Ian Malouf.
The Palm Beach house of Martin McCallum last traded in 1998 for $1.95 million.Credit: Christie’s International
Shane Teoh, the son of reclusive billionaire David Teoh, has joined his little brother Bob on the Cremorne waterfront, buying a house for $15 million.
The Cremorne waterfront home of Yvonne and Keith Walter was sold for $15 million.Credit: Domain
The six-bedroom house with a private beach, pontoon and jetty, that was sold by Ray White’s David Gillan, will make the 36-year-old Teoh a direct neighbour to the $16 million digs Bob purchased last year (not that it’s a competition).
David Teoh (pictured) stepped down from the TPG board in 2021 at the same time as his son Shane Teoh.Credit: Eddie Jim
Teoh Snr and Shane resigned from telco giant TPG two years ago following its merger with Vodafone, freeing Shane to focus on his high-end property business.
In 2018, Teoh co-founded boutique luxury developer Clutch with his friends Nick Ross and Jack Wu, the esports gaming entrepreneur and son of another rich list couple, vitamin moguls Jina Chen and Alex Wu.
The developer – so named given their shared love of basketball and a “clutch move” – has a slew of projects across the eastern suburbs, the latest of which is set to launch in Edgecliff after the group purchased a deceased estate late last year for $19.5 million through The Agency’s Ben Collier.
As Mark Chikarovski awaits his day in court to face charges for his alleged role in a dark web drug supply operation, his recently purchased Vaucluse home has caught the eye of the NSW Crime Commission.
The Vaucluse home of Mark Chikarovski was purchased in February and settled to him in April for $11.5 million.Credit: Domain
The five-bedroom residence with views of the harbour settled in Chikarovski’s name in April at a cost of $11.5 million, and with two mortgages: one to Westpac and another to a second lender offering $1.2 million for 12 months and interest rates of 14 to 19 per cent.
But within a week of him taking the keys the commission lodged a restraining order on Chikarovski’s half share of the property, that coincided with the execution of a search warrant on the house and a Bondi Junction apartment. To be clear, the restraining order will restrict whether Chikarovski can sell the house, pending the outcome of the criminal case. It is not by any means indicative of guilt, and his case is still at an early stage.
Detectives allege that during their raid of both properties they found prohibited drugs, computers, $30,000 in cash, about $269,000 worth of cryptocurrency and two Porsche SUVs.
Mark Chikarovski with his mother, former NSW Liberal leader Kerry Chikarovski.
Chikarovski, the son of former state Liberal leader Kerry Chikarovski, was charged with 31 offences related to supplying prohibited drugs, knowingly dealing with the proceeds of crime and 16 counts of supplying a prohibited drug. Bail of $500,000 was granted, leaving him free to deal with circling real estate agents who are keen to list the Vaucluse house in an otherwise tight market.
In good news for Chikarovski, he did well on the purchase earlier this year through buyer’s agent Simon Cohen, given the same house had last traded six months earlier for $13.1 million at auction.
The purchase follows the sale of his Bellevue Hill home, with equally bullish short-term movement in price, again in Chikarovski’s favour. He purchased the Bellevue Hill house for $11.25 million in 2021 and sold it earlier this year for $12.46 million through PPD’s Alexander Phillips.
The Bronte house sold for $9.3 million to corporate heavyweights Karen and Peter Tompkins.Credit: Domain
Corporate bigwigs Karen and Peter Tompkins have traded in their former Coogee home for $5.2 million and bought $9.3 million digs in Bronte.
Karen is the chief risk officer and general counsel for Sydney Airport and Peter is the chief of Downer EDI, who was appointed a few months ago to turn around the business and boost its share price after corruption allegations saw one-third of its value lost in the past year.
Ausgrid’s recently appointed Marc England.Credit: LinkedIn
Still with the corporate bosses, Ausgrid’s newly appointed chief executive Marc England and his wife Julia have paid $9.87 million for digs in Woollahra.
The three-storey house with a 16-metre pool was sold by Ben Collier on behalf of MasMarket Advisers’ Jolanta Masojada, whose architect partner Edward Szewczyk built it 20 years earlier.
England has been in New Zealand in recent years heading up electricity giant Genesis Energy since 2016.
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