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The sleepy suburb of Longueville has clocked a fresh house price record of about $23 million for a tightly held waterfront home with knockout views of Sydney harbour.
The almost 2000-square-metre block reset the suburb record for the fourth time in about as many weeks as buyers are vying to secure a spot on the once overlooked, and perhaps undervalued, peninsula on the lower north shore.
The tightly held residence last traded for $3.25 million, records show.Credit:
While settlement records will reveal the buyers in due course and the exact price, records show the home was last purchased by Phillip and Jean Barnard, long-time locals, for a mere $3.25 million in 1999.
The three-level residence with an internal lift and a five-car lock up garage sold for about $23 million, sources close to the deal say. That quickly topped the last suburb record of $19.25 million set by former gold mining boss Gervaise Heddle.
This top result is the latest in a string of bullish sale results, including the sale of the waterfront home of yachtie Rob Drury and his wife Maree for what local sources say is more than $18 million and the sale of Wigram for just shy of that by Macquarie Group’s Phil Coffey.
Until this strong run, the Longueville record was almost half the latest result. Selling agent Tavis Standen of Standen Estate Agents, who declined to comment on the sale, said he has been inundated with inquiries into the suburb.
The five-bedroom house across three levels has views of Sydney Harbour.Credit:
“I’ve never had so many buyers as I do currently looking to spend $10 million plus in the Longueville and Northwood area,” Standen. “It’s been seen as the Point Piper of the north shore.”
While other agents may not agree, as Mosman more commonly holds that moniker and maintains a $33 million suburb record, Longueville has given it a run for its money in recent weeks. It may outdo it yet as trophy home, Otakhi, which has a guide of about $50 million, is still on the market.
Someone who has swapped Mosman for Longueville is David Wills, group chief executive officer of Legal Financial Services of ATI Global, a legal software company, and his wife Alexis. The pair sold their Mosman home for $8.3 million through Adrian Bridges of Atlas who declined to comment.
David Wills and his wife Alexis swapped Mosman for Longueville. Credit:
Consultant couple Abhay Varma, managing director and partner of Boston Consulting Group, and Sonia Khurmi, managing director of Straight Arrow Consultants, moved into the Mosman home.
Meanwhile, the Wills bought into Longueville for $8,125,000, records show. That sold through Sam Lloyd of McGrath Lane Cove who declined to comment.
Mother-and-son duo, William Wenhao Wu, whose family owns Chinese-backed property developer Mayrin Group, and Jing Wang have been busy reshuffling their $100 million property portfolio in the eastern suburbs.
The 30-year-old and his mother have listed another Vaucluse investment property with a guide of $29.5 million to $32 million. When it sells, it will be a tidy paper profit for a home only bought two years ago in a company name, of which Wang is the director, for $23.2 million, records show.
Wu and his mother Jing Wang have listed another Vaucluse investment property.Credit:
It is being sold through Darren Curtis of Christie’s International and Ken Jacobs of Forbes Global Properties – both declined to comment.
Just last week, Wu offloaded another Vaucluse investment for more than $18 million. That’s the same six-bedroom house Wu bought in 2021 for $13.32 million.
In Bellevue Hill, a sprawling home, once part of the historic Leura Estate, has hit the market with a price guide of $30 million.
The owner Heidi Vanderwerff, ex-wife of commercial property magnate Robert Christie, is selling the home after Christie transferred the title to her name without a mortgage earlier this year, records show. Christie bought the property for $7.7 million in 2006.
The Bellevue Hill home last sold for $7.7 million – a far cry from its guide of $30 million today.Credit:
Christie let go of another Bellevue Hill home, Taynish, for $20.9 million. He sold it to Mark Angles, son of the late philanthropist rag trader Emery Angles, in 2021.
This listing is being sold through Alan Fettes of Ray White Double Bay. Whoever buys the property will be rubbing shoulders with neighbours such as Leo Lynch, of flower wholesaler Lynch Group, who bought the original 1890s Federation home for about $70 million earlier this year and Morgan Stanley chief executive and co-head of investment banking Richard Wagner who bought his place for $12.3 million in 2009.
TPG Telecom senior executive Trent Czinner and his PR specialist wife Liz Czinner have paid $8.5 million for the Bronte home of Kevin Rudd’s former advisor and One Big Switch co-founder Lachlan Harris.
The Czinners are moving from Clovelly where they have already sold their home for $6.25 million through PPD’s Alexander Phillips.
Harris paid $7.35 million for it in 2021 following the sale of his historic Glebe waterfront home, The Retreat.
Lucy Macken is on leave.
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