In Sydney’s eastern suburbs of South Coogee and Bronte, two luxury home listings are expected to set new records in the lead up to Christmas.
Two coastal properties set to sell in Sydney’s eastern suburbs are expected to recalibrate price records in South Coogee and Bronte in the lead-up to summer.
First to South Coogee, where a vast oceanside block of two amalgamated properties is about to hit the prestige market. While a formal price guide is yet to be set, local real estate sources predict the 1732-square-metre landholding will land well above $20 million.
The South Coogee estate of former Wallabies winger Alan Cardy is expected to fetch above $20 million when it goes to auction in November.
The adjoining properties are being sold in one line as part of the estate of late rugby union player, horse lover and property developer Alan Cardy, who passed away at age 76 in 2021.
The former Wallaby’s winger made his rugby union Test debut in 1966, with Cardy playing nine Tests for Australia after a meteoric rise through the ranks of Drummoyne Rugby Club.
Cardy’s sporting prowess extended to golf and athletics, with the Katoomba High junior athlete once finishing ahead of Peter Norman – who would go on to win a silver medal at the Mexico City Olympics – in the 220-yard event at the 1965 Australian National Championships.
Alan Cardy’s sporting career spanned track and field, rugby union, rugby league and golf before his career as a property developer.
Cardy would later develop a passion for horse training, pioneering elite training facility “Lynton” near Goulburn in the NSW Southern Tablelands.
Now, his vast oceanside estate is expected to significantly raise South Coogee’s price record.
Offering 270-degree coastal and ocean panoramas, the amalgamated offering comprises two properties. One is Cardy’s former luxury (albeit dated) mansion on Seaside Parade, while the second is a neighbouring four-bedroom freestanding home accessed via Cuzco Street.
Selling agents Alexander Phillips from PPD and Ray White Double Bay’s Ashley Bierman and Jordan L’Estrange are presenting the landholding as either the chance to buy a trophy compound of two existing dwellings, or to raze and redevelop into a single or multi-dwelling site.
The listing’s larger abode – and Cardy’s former home – is a three-level, six-bedroom mansion with a clifftop pool and deck, separate cabana with spa, sauna and parking for five cars.
The properties are being offered for sale in one-line via auction on Saturday, November 18.
Whoever takes the keys to the clifftop estate is expected to bump Fred Schebesta off the top rung of South Coogee’s property ladder, after the colourful Finder.com founder and crypto entrepreneur paid a record $16.85 million for a Renato D’Ettorre-designed stone and concrete oceanside structure known as the “Crypto Castle” in 2021.
Price expectations across Sydney’s eastern beaches were bolstered in May this year when US-based adman David Droga paid a coastal record of $45 million for Tamarama’s Lang Syne. The Californian bungalow on a 1100 square metre headland block was formerly owned by Tamarama local Dimity Griffiths and her husband, late radio funnyman Harry Griffiths.
Global advertising executive David Droga paid $45m for Tamarama’s iconic headland Lang Syne.
A few suburbs north, the Bronte designer home of Chloe and Andrew Podgornik, of commercial property outfit Podcorp, is being listed for sale with price expectations north of $30 million.
The Bronte suburb record was set in April this year, when AirTree co-founder Craig Blair and his wife Melanie Caffrey paid $29.25 million for the resort-style Tipper Avenue home of Cygnet Capital’s Darien Jagger and wife Katie.
However, that Bronte record could be short-lived with the imminent arrival of the Podgornik home. The contemporary off-form concrete abode was the final design of esteemed late architect Nick Murcutt, created alongside his partner Rachel Neeson of top architectural firm Neeson Murcutt Neille.
The six-bedroom home, dubbed “Coastal Garden House”, was constructed in 2017, winning the Australian Institute of Architects NSW Residential Architecture Award the following year.
The contemporary ocean-view home on Gardyne Street is built on the rim of a remnant gully, and features 3.5-metre ceilings, a pool, and lush gardens by Daniel Baffsky of landscape design firm 360°.
Along with the design credentials, the property comes with a rare eastern beaches commodity: space.
The home sits on an expansive 1151-square-metre landholding, including about 650 square metres of internal space.
Andrew and Chloe Podgornik are hoping to reset the Bronte suburb record when they sell their architect-designed home on Gardyne Street. Brett Boardman
Listing agent PPD’s Alexander Phillips – who is handling listing with Pillinger’s Brad Pillinger – says houses this size are usually found in suburbs like Vaucluse or Bellevue Hill.
“You usually have to go to the harbourside to get a home with these proportions,” Mr Phillips said.
“It’s definitely one of the best houses, if not the best house, in Bronte,” Mr Phillips said. “It’s something that is quite timeless and will age beautifully.”
Meanwhile, the enduring strength of Bronte’s prestige market was underscored last Wednesday with the circa $18.5 million pre-auction sale of the Bronte Road home of Aviron Investment Management’s Merrick Howes and his wife Barbara.
PPD agent Alexander Phillips sold the five-bedroom beachside abode alongside Ray White Double Bay’s Elliott Placks. The property last traded for $1.45 million in 1999, according to CoreLogic.
The mystery buyer of childcare entrepreneurs Bruce and Carolyne Coulson’s luxury Broadbeach Waters home has emerged as Michael Harvey, son of retail giant Gerry.
Recent settlement documents have confirmed the Harvey Norman non-executive director paid $13.5 million for the 2303-square metre Gold Coast riverfront property in July.
The five-bedroom, tri-level property comes with a self-contained nanny quarters, wine and piano lounge, cabana, 25-metre heated lap pool, 12-metre pontoon, and a 10-car basement garage with cinema. It was sold by Gold Coast agent Amir Mian of Amir Prestige.
Gerry Harvey’s son Michael is behind the $13.5 million purchase of this Broadbeach Waters home.
In Melbourne’s Hawthorn, David Bidmead and his wife Nicole have emerged as the buyers of “Killena” estate for $8.02 million, according to a caveat placed on the 1896-built home.
The home sold for well above the $7.5 million guide at a crowded auction of almost 100 onlookers in early August. Three bidders battled it out for the keys to the tuck-pointed red brick residence on Hawthorn Grove, with the four-bedroom home clocking the nation’s top auction result of the week.
The four-bedroom property was previously owned by interior designer Trudie Cunningham.
It is understood the Bidmeads are returning from the US, where until June this year, New York-based Bidmead was CEO (US) of Marsh, a global insurance broker and risk advisory company.
The Bidmead’s local property move syncs with the US insurance broker’s reported aquisition of Australia’s Honan Insurance, in a deal that could value Honan at about $700 million.
Kay & Burton agent Scott Patterson sold the Hawthorn property on behalf of its vendors, interior designer Trudie Cunningham and her husband James Cunningham, who paid $3.85 million for the charming abode in 2014.
The home, set on a 1133 sq m block, features a triple-arched hallway, painted stained-glass windows, marble fireplaces, hydronic heating, subfloor wine cellar, self-contained studio and a 50,000-litre underground rainwater tank.
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