As interest rates rise, cash is king for Sydney’s billionaires | Lucy_Macken
Ditto Bob Teoh, the 28-year-old son of billionaire telco founder David Teoh, paid cash for his $16 million Cremorne home, and early childcare entrepreneur Gabriel Jakob consolidatedIf Zac Fletcher’s ears were burning this week it might have been because the co-head of investment banking at Goldman Sachs Australia’s was widely rumoured to have bought new digs in Point Piper for more than $25 million.
The author and Hawke biographer isn’t the only vendor who missed the peak of the market and is now adjusting price expectations downwards to try to catch up to buyers. The Leoses are returning to their Melbourne hometown, having bought the Toorak home of Bain & Company’s Chris Harrop for about $22 million so the Harrops can move to WoollahraAnd investment banker Peter St George and his wife Liz may have been a little optimistic on their $20 million guide for their Palladian-style mansion Tarrant in Bellevue Hill.
The recently resigned chief of cloud software company Rhipe Dominic O’Hanlon and his wife Karen had already set the Wahroonga high in 2018 when they sold for $13 million, crossing the road at the time to buy $9.5 million digs.Four years later and after a decent renovation they have done so again, this time pocketing $14.5 million in an off-market deal through DiJones’ Tim Fraser.
The six-bedroom, five-bathroom residence designed by Harvey Little with tennis court and swimming pool has long been known as Courances and touted as arguably the suburb’s finest house.And there’s talk of a $16 million sale in Warrawee, which at that level would eclipse the $15 million high set by the “Chilton Hilton” when it was sold in 2020 by interests linked to “Shoe King” Wilson Xue.Tones and I, or Toni Watson to her accountant, has bought a second holiday home in Byron Bay for $2.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New CCTV released as police probe underworld figure's 2021 deathPolice have released fresh CCTV of the cars they think are involved in the fatal shooting of Bilal Hamze as well as the attempted murder of his brother, Ibrahem. Anyone with information is being urged to contact Crime Stoppers. em_partridge 9News MORE:
Read more »
‘Kaison has two mums’: discrimination complaint lodged over lack of census questions on sexualityNewcastle parent April Long says it was shocking to discover 2021 census asked where their child’s ‘mother and father’ were born
Read more »
‘Somebody knows something’: the Byron Bay death that remains a mystery a year onIn August 2021 Melbourne man Jackson Stacker’s body was found in a field near his van. His family is still looking for answers
Read more »
‘My family was invisible’: April has filed a human rights complaint over the censusA LGBTIQ advocacy group says that the 2021 census failed to ask about sexual orientation, gender diversity and variations.
Read more »
Australia’s ute obsession collides with carbon ambitionsOnly 45 per cent of cars sold in 2021 had an emissions intensity below 160 g/km. In Europe, 90 per cent of all cars sold were below that mark.
Read more »