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Aged-care mogul Dr Shane Moran may have made his fortune building on the family’s healthcare empire, but his penchant for restoring Sydney’s grand heritage homes has landed him a decent windfall thanks to the $23.1 million sale of Darling House.
Taking the keys to the Georgian property in The Rocks is the family of Filipino businessman and Western Sydney Wanderers co-owner Jefferson Cheng, whose CBD harbourside real estate includes a family compound, of sorts, in the Opera Residences at Circular Quay.
Darling House dates back to the 1830s, named after an 1823 land grant from NSW Governor Ralph Darling, and was completed in 1842 by local boat builder and publican Joseph Farris in an exclusive enclave once known as “Quality Row” for its grand merchant houses and affluent residents.
The historic Darling House at The Rocks has sold for $23.1 million.Credit:
Dr Moran, Provectus Care founder and chief executive, purchased the heritage-listed property in a dilapidated state from the NSW government at a 2016 auction, at which the sale price of $7.7 million set a suburb record.
The restoration and conversion of the property into seven luxury suites took three years and a reported $10 million. It was listed for sale a year ago with a $25 million guide that was expected to lure boutique hoteliers.
Settlement records show it was purchased in a company name controlled and owned by Cheng’s wife Aileen and her children Jamie, 27, and Justin, 22, all of whom own neighbouring apartments in Opera Residences at Circular Quay totalling $57 million.
Provectus Care chief executive Shane Moran pictured at Darling House following its conversion into seven luxury suites.Credit:Louise Kennerley
The Morans are well-documented lovers of old houses. Family matriarch Greta Moran and her late husband Doug Moran, undertook a major restoration of the Redleaf mansion in Wahroonga in the mid-1990s, and son Peter Moran oversaw the restoration of Juniper Hall in Paddington in 2016.
Dr Moran’s most notable restoration project is the landmark Gothic Revival mansion Swifts in Darling Point, where film sources say the Disney movie The Artful Dodger starring Thomas Brodie-Sangster, Maia Mitchell, Damon Herriman and Susie Porter is currently being filmed.
Among a slew of high-end property settlements this week is tech billionaire Scott Farquhar’s purchase of Uig Lodge in Point Piper for $130 million.
Uig Lodge at the very top of Point Piper has settled into Scott Farquhar’s name.Credit:Peter Rae
Records show the deal was exchanged in November, and settled into Farquhar’s name this month with no mortgage. The sale incurred a stamp duty bill of more than $9 million.
Farquhar and his co-founder and co-chief executive of software giant Atlassian, Mike Cannon-Brookes, have dominated Sydney’s top house sales since 2017, claiming three of the top five sales, including Farquhar’s $71 million Elaine estate in Point Piper and Cannon-Brookes’s Fairwater estate next door for $100 million.
The third-highest sale was for the Point Piper property Edgewater which sold for about $95 million in 2020, but gold mining businessman John Li is yet to settle on the purchase.
Scott Farquhar is the co-chief and co-founder of software giant Atlassian.Credit:Alex Ellinghausen
Meanwhile, Melbourne pharmacist Danielle Di Pilla has settled on a three-bedroom apartment in the Residences overlooking Hyde Park for $11.1 million after it was sold by Ray White Double Bay’s Nic Krasnostein.
Di Pilla is best known for her goat’s milk soap business that made her $1 million in 24 hours in 2016 thanks to e-commerce giant Alibaba’s 11.11 Singles Day shopping festival.
Australian YouTube stars, Norris Nuts have joined the billionaires of North Bondi, settling on a six-bedroom house set behind the grassy knoll for $15.2 million.
The family from Newcastle is headed by Brooke and Justin Norris, a former Olympic swimmer, and their kids Sabre, Sockie, Biggy, Naz, Disco and Charm, the eldest of whom count among the country’s top rating internet sensations. Think 6.34 million subscribers on YouTube.
The Norris Nuts stars (from right) Sockie Norris, Biggie Norris, Naz Norris and Sabre Norris.
The Norris’s new home was sold by the estate of the late Georgette Halaby, who had purchased the home with her late husband Morris in 1992 for $372,000.
The six-bedroom house at North Bondi sold for $15.2 million to the Norris Nuts family.Credit:Domain
Caterer Simmone Logue and her new husband, property industry mogul Ray Sproats, have listed their waterfront apartment in Elizabeth Bay with a $6.5 million guide.
The three-bedroom apartment in Billyard Gardens is being offered off market with a $6.5 million guide.Credit:
The couple’s apartment is set in the Billyard Gardens block shared by the likes of Cate Blanchett and Andrew Upton, and former IPH chief executive David Griffith, who set a high for the building in late 2020 when he bought the penthouse for $10.5 million.
Simmone Logue recently married property industry veteran Ray Sproats.Credit:Sahlan Hayes
The three-bedder last traded in late 2021 for $5.5 million, but is being quietly shopped around by BresicWhitney’s Romany Brooks after the couple spent about $11 million purchasing an apartment in the neighbouring Del Rio building from fashion designer Melanie Greensmith, of the Wheels & Dollbaby label, and her partner, former Divinyls guitarist Mark McEntee.
Mia and Michael Bracher have sold their Bellevue Hill home of the past 12 years.Credit:
The sale by Greensmith and McEntee sets a new high for the Spanish Mission building, topping the $8.5 million former Crown boss John Alexander secured for the penthouse in 2018.
Paspaley senior executive Michael Bracher, a third generation of the pearling family, and his wife Mia have sold their Bellevue Hill home.
They had renovated the five-bedroom house since they purchased it in 2010 for $3.1 million, commissioning architect Michael Bell in consultation with interior designer Thomas Hamel.
It was listed late last year by Ray White Double Bay’s Ashley Bierman with a guide of $11 million to $11.5 million.
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