Andrew Killion, founder of Akuna Capital, has purchased a luxury property in Tamarama for $20 million. The sale concluded a six-month campaign, offering a 50% discount on the initial $40 million asking price due to market conditions. The property, known as Amaroo, includes six bedrooms, a cedar hot tub, swimming pool, spa, Finnish-style sauna, fire pit, and landscaped gardens. Originally bought in 2019 for $4.75 million, the property was last sold for $9.8 million.
Akuna Capital founder Andrew Killion buys $20 million digs in Tamarama .sold this week, ending a six-month sale campaign that rode the market downturn to a 50 per cent discount on their initial $20 million hopes.The Bayview luxury acreage had initial hopes for a $20 million sale, but after market revisions it sold for $9.8 million.
Amaroo wasn’t the only Bayview estate to start its campaign at $20 million. The nearby residence Chateau Narla was listed for just that amount by Thompson Controls chief, chief executive and co-founder of trading firm Akuna Capital, looks to have swapped Vaucluse life for the eastern beaches, paying about $20 million for a beachside property in Tamarama.
Records are yet to reveal the exact result, but it is somewhat discounted from the hopes of $9.65 million earlier this year.and remained in family hands – albeit abandoned for decades – until 2016 when it was bought for $6.6 million by then 27-year-oldIt is heritage-listed, which saved it from Wei’s bid to demolish it in 2019, but in 2022 it scored approval for a Jackson Teece redesign.
Andrew Killion Akuna Capital Tamarama Property Purchase Luxury Real Estate Market Downturn
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