Ainsworth Slots Family Shows The House Always Wins
The sale price was not disclosed by the Agency’s Ben Collier, but is expected to be over $20 million, an increase of over $7 million since the start of 2019.
It exceeds the previous high of $16.5 million, when patrons Dr Gene Sherman and her husband brian bought on the road from the tech billionaire Mike Cannon Brookes.
Although it was a suburban record, it was not the best sale this week in the eastern suburbs. That honor goes to the Rose Bay seaside home, longtime property of the late York Motors chief David Schmith.
The result was not offered by the agent, also Collier, but sources say he approached the $30 million guide.
Shmith was Sydney’s sole supplier of Rolls-Royce and Bentley cars when he bought it in 1985 for $645,000, commissioning a redesign by the architect Dods Espie a little after.
Glebe Literary Attraction
It looks like half of the Glebe showed up last weekend to see the acclaimed author Anna Founder and her husband, architect and urban planner Craig Allchinbuy an Italianate Victorian house in the Toxteth estate of Glebe with an eliminatory offer of $6.225 million.
Ray White’s Matthew Carvalho originally had a $4.7 million guide when he was introduced last month, but by the time five buyers signed up on auction day, interest had raised expectations and the reserve would have been nearly $5.5 million.
In the end, only three parties came up with competing offers, but that was enough to secure a result that’s nearly triple the $2.2 million the house last traded in 2008.
The author of all i amthe 2012 winner of Australia’s premier literary prize, the Miles Franklin Award, has often been spotted in recent years on the search trail of a western interior home, likely to chat from her longtime Forest terrace Lodge.
Mosman’s rising shares
In early 2020, when people in Sydney were first warned of a new strain of coronavirus, the chairman of medical technology company SYMBYX, square stonehas listed his Mosman designer home for sale for $16 million.
Known as the Land House, it did not sell and, for family reasons, was taken off the market shortly thereafter.
That’s a good thing, too, considering it sold this week for what sources say is over $19 million, though Atlas’ Michael Coombs won’t confirm that result.
Another cashed Mosman downsizer is former Perpetual boss Geoff Lloyd, who this week sold his Federation mansion, Cambria, on Balmoral Avenue. The gagged orders meant that Coombs could not reveal the sale price, leaving it to local rumor to reveal a sale price of nearly $17.5 million.
Good sport at Bondi Junction
Fox Sports presenter Tony Squires and Brand Strategist-Pilates Instructor Kate Pascoe Squires listed their designer home Bondi Junction with a $5 million guide.
It is the three-level house redesigned by the architect Graham Ormsby over a decade ago before selling it in 2010 for $2.375 million to an art gallery owner Richard Martin.
Squires is a former Herald journalist and presenter of Triple M’s rugby show The Ruck in 2011, when he and his family moved from Clovelly to buy Martin’s Bondi Junction home for $2.6 million.
Ed Brown and Daniel Gillespie of Belle Property Bondi Junction held an auction on March 19.
The Birchgrove Dream House
When the late Barbara Penfold (née Mathias) used to take the ferry from Longueville to town with her artist friend Brett Whiteleyshe used to fantasize about one day calling the waterside residence of Birchgrove Yurulbin her home.
The pair had been close friends since 1956, and the National School of Art student at the time would often gift her sketches in return for the cost of her transportation, or so the story goes.
Fast forward to 1986, and Whiteley was already considered one of Australia’s most acclaimed artists, and Penfold and her husband Etienneof the WC Penfold stationery family, bought his dream home for $490,000.
Never mind that at the time the property was not in great condition, having recently been leased by the Bandidos Motorcycle Club as its official clubhouse.
The 727-square-meter, four-bedroom residence has clearly since been refurbished, but still boasts its original ornate finishes, its front-row position on the harbor at the end of Louisa Road, and a host of Whiteley originals adorning the walls.
McGrath’s Megan Smith has set a $12 million guide ahead of the March 16 auction.
The ambitions of the creator
Still with prime real estate on the Balmain peninsula, the architect Brian Zulaikha and his partner, artist Jane Laurencehave put their award-winning home up for sale and plan to move closer to Berry on the south coast.
What was built as a gunpowder store in 1918 on the Balmain East waterfront was bought by the couple in 2002 for $1.06 million, making it the third property Zulaikha has owned on Datchett Street since moving there in 1976.
When completed, the redesign by Zulaikha and Drew Heath Architects won a few awards from the Australian Institute of Architects in 2007, and even prompted the Pulitzer Prize-winning author Geraldine Brooks to recently offer $6 million and his house down the road in exchange.
However, the offer from Martha’s Vineyard-based Brooks has since disappeared after realizing the house was officially a one-bedroom residence.
Shannan Whitney of BresicWhitney and Marcus Lloyd-Jones of Modern House have a $5-5.5 million guide.
Larry Emdur’s List of Stars
Seven’s co-host The morning show larry emdur redesigned the Kangaroo Valley vacation home he bought 18 months ago for $2.15 million.
Emdour and his wife Sylvia have already undertaken some improvements to the remarkable industrial-style getaway built from shipping containers since it was sold by architect Alexander Michael.
But, as Emdur said in a social media post this week, “Our time, attention and focus is needed for another exciting, yet highly consumer-driven project, so we have reluctantly decided to put SkyRidge on the market”.
That project is in Berowra Waters, where the couple paid $1million last June for a waterfront property, of which Sylvie is now overseeing a major renovation.
Enter son Jye Emdur, of Ray White, who was enlisted to sell the Kangaroo Valley home. Stay tuned for the price range.
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