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The Newtown converted warehouse home of former Star casino boss Matt Bekier and his sculptor wife Melinda Bekier has sold for $13.5 million, not only smashing the suburb house price record but topping records in nearby areas like Surry Hills, Annandale and Glebe.
The sale comes a week before The Agency’s Ben Collier and Brad Gillespie were scheduled to take the former bakery to auction with a guide of $12 million.
The Bekiers have undertaken a dramatic renovation of the parkside warehouse on 500 square metres since they purchased it in 2020 for a then Newtown record of $5.8 million.
Matt Bekier stepped down as Star Entertainment chief executive in May last year.Credit: Jessica Hromas
The interiors were redesigned by interiors architect Anna-Carin McNamara, and a former pool that commanded the bulk of the central courtyard has been replaced by a smaller pool and garden by landscape architect Asher Cole. The builder Joey Pamment was awarded the Young Builder of the Year 2022 award by the Master Builders Association.
The sale comes 18 months after Bekier stepped down as chief executive of the ASX-listed Star Entertainment in the wake of damning findings by the NSW gambling regulator into the casino’s money laundering controls, and earlier this year was joined by almost a dozen of the casino’s top management in a public stoush with the corporate regulator.
The former bakery in Newtown has set a suburb high of $13.5 million.
Newtown has long been known for its grungy aesthetic, but that is fast changing as more and more cashed-up house hunters settle into the neighbourhood. The Bekier sale more than doubles the previous suburb high of $6.85 million set in July, and matches the recent $13.5 million Paddington house sale by Canva chief financial officer Damien Singh and Alexandra Pack.
It tops the best sales in Surry Hills ($11.5 million for Italianate House in 2020), Annandale ($12.5 million for The Abbey in 2022) and Glebe ($7.5 million for the Regency villa Lyndhurst in 2016).
More broadly, however, the median house price in Newtown stands at $1.625 million, down 8.2 per cent in the past 12 months to June, according to Domain figures.
The Balmain record of $11.4 million is also in the shade of Newtown, but not so house price records of Balmain East ($19.76 million) and Birchgrove ($14.25 million).
Meanwhile, coal magnate-turned-discharged bankrupt Nathan Tinkler looks to have lucked out on securing his $25 million buyer for his Sapphire Beach estate after it was returned to the market on Monday.
The Sapphire Beach property of Nathan Tinkler has returned to the market for $20 million.Credit: Domain
The almost two-hectare beachfront estate, Noorinya, was listed four months ago for $30 million, and the marketing pulled from property advertising websites a month ago after a buyer came forward.
Nathan Tinkler has started another round of marketing for his Sapphire Beach estate.Credit: Tash Sorensen
Sotheby’s David Medina has offered a $20 million guide this time around ahead of a private auction on October 21.
The family compound of three properties totalling 15 bedrooms, 15 bathrooms and a pool was built by former Microsoft executive Jaybe Ammons and his wife Shelley, and sold to Tinkler in 2008 for $11.5 million when Tinkler was best known as Australia’s richest person aged 40 or under.
Tinkler’s fortune has taken a hit since those heady days. In 2016 he was declared bankrupt by the Federal Court, and in a ripple effect of that sold his Patinack Farm racehorse enterprise and the Newcastle Knights NRL team.
The family compound offers a total of 15 bedrooms and 15 bathrooms.Credit: Domain
Tinkler remains the sole owner of his Noorinya Holdings, the corporate entity that owns his Sapphire Beach home, but it was placed into administration two years ago and the property’s title now carries five caveats from outstanding creditors, of which one is the Commissioner of State Revenue.
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