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Software and IT recruitment businessman Sukender Jain makes a worthy debut in Title Deeds this week thanks to his purchase of Mosman’s Queen Anne Federation mansion Urunga for $19 million.
The fact that the founder of IT specialist recruitment firm Interpro has managed to remain under the radar, until now, is somewhat surprising given the vast property portfolio amassed by interests associated with Jain over the past 20 years, and that’s before he exchanged on the Mosman home of antique collector Edmund Braude.
The 1901-built mansion Urunga sold for $19 million, making it the highest house sale in Mosman this year, to date.
Among the more noteworthy properties – totalling almost $100 million – is a 12-hectare estate in Kenthurst, a golf course in Kurrajong, acreage in Belrose and Terrey Hills, the old Bank of New South Wales building on Sussex Street, about 20 apartments and office spaces in the CBD and Pyrmont, and three historic terraces in Millers Point.
Atlas’s Nick Gittoes and Anthony Godson declined to reveal their exact sale price, nor confirm Jain’s purchase, saying only that the buyer is a trustee on behalf of a beneficiary.
Jain is far from Sydney’s only property investor of this scale. Who can forget the more than $100 million spree across Vaucluse and Bellevue Hill in the post-pandemic boom by William Wu, the 30-year-old son of developer Jing Wang?
Tech billionaire Mike Cannon-Brookes remains arguably the most bullish of Sydney’s property accumulators with more than $300 million to his name and corporate interests, and his Atlassian co-founder Scott Farquhar coughed up $130 million for just the one house in Point Piper late last year.
A week after Patrick Willmott, 36, was found guilty in connection to one of Australia’s largest corporate tax scams estimated to be worth $105 million, there was some good news for his long-estranged wife Laura Willmott.
Laura Willmott has found a buyer for her $1.5 million holiday home in Bonnells Bay.Credit: Domain
The UK-based Laura recently listed her Lake Macquarie holiday home for $1.5 million, and according to Ellejayne Realty’s Sally Wrigley, it went under offer on Friday to a buyer from Sydney for just that amount.
Patrick Willmott was the fifth co-accused in the Plutus Payroll scheme to be found guilty in March.Credit: Oscar Colman
The waterfront house at Bonnells Bay was purchased in Laura’s name for $1,005,000 in late 2016, and at the time, unbeknownst to her, the police investigation called Operation Elbrus was already underway into the fraud scheme involving Plutus Payroll.
Ultimately, the Crown alleged Willmott was part of a scheme whereby Plutus Payroll was used to collect wages from employers and between March 2014 and May 2017 funds owed to the ATO were siphoned off.
Laura was not connected to the fraud, but Patrick was found guilty in the NSW Supreme Court to conspiring with another to dishonestly cause a loss to the Commonwealth, and conspiring to deal with more than $1 million believing it to be the proceeds of crime.
Patrick’s childhood friend Adam Cranston, and he and his sister Lauren Cranston, solicitor Dev Menon and former professional snowboarder Jason Onley were all also found guilty in March.
Laura had tried to sell the Bonnells Bay house in 2018 for $1,005,000, but when the ATO sought $1.35 million from the proceeds of the sale, the sale was rescinded and the deposit returned.
If ever there was a contender to knock Byron Bay off its high-end pedestal, Sapphire Beach would be the ideal stretch of pristine white sand to do it. Set just north of Coffs Harbour, it is home to the likes of bankrupt mining magnate Nathan Tinkler, Silverchair’s Chris Joannou, singer Wendy Matthews and a near neighbour to Russell Crowe.
And for a limited time only, international fintech boss Floris de Kort and his husband Nick Bohringer are also local home owners, having built their beachfront residence across four blocks, claiming 63 metres of absolute beachfront with gymnasium, spa, and a 20-metre pool.
De Kort, who recently stepped down as chief executive of UK-based commerce technology company Xplor, has listed it with Sotheby’s James McCowan and David Medina ahead of a May 15 auction for about $6 million.
Meanwhile, in Byron Bay, Justin Hemmes has settled on his Belongil Beach retreat for $16 million after it was sold on the quiet by the local Sotheby’s team on behalf of Stephen Hains and actor Jane Badler.
And property tycoon Terry Agnew has listed his Ewingsdale property with a guide of $3.5 million ahead of an April 29 auction through McGrath’s Will Phillips.
Terry Agnew’s Ewingsdale retreat returns to the market for the same $3.5 million price he paid for it two years ago.
Award-winning film and TV composer Antony Partos is arguably counted among the latest victims of the rapid gentrification of Kings Cross, forced to sell out of the once-gritty neighbourhood thanks to soaring land tax valuations.
Carara was built in the 1880s as a gentleman’s residence, saved from demolition by the green bans of the 1970s, and purchased by Partos and his Supersonic music production house partners in 2007.
It was within the grand Victorian walls that Partos produced some of his best credits, the last of which was Animal Kingdom, for which local Jackie Weaver was nominated for an Oscar.
Film and TV music composer Antony Partos is selling his long-held historic house in what is now known as Potts Point.
In 2010, it became home to a kids’ rock school, marshalling the drumming, guitar and keyboard talents of hundreds of kids in the years since then until it was forced to close late last year.
“The land tax on it is insane. It’s half the rent, and I made enquiries to get a discount if I still used it as a creative arts hub, but that was a no,” said Partos, whose most recent TV credit is Last King of Kings Cross, inspired by the autobiography of another local John Ibrahim.
Richardson & Wrench’s Jason Boon is asking about $6 million.
This column has been updated. 
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