Lending weight to the adage that “it takes money to make money”,gold bullion dealersKurtandNathalie Jaggard have sold their Manly harbourside apartment for what a local source said was the “double-digit millions” – more than double the $4.52 million they paid for it in 2020.
Clarke&Humel’s Cherie Humel and Michael Clarke would not comment on the deal,but records show it was sold after four days following a Squillace Architects renovation.
The Jaggards are now slumming it in a nearby harbourfront townhouse they purchased last year for $5.75 million.
Clelia Cantarella,former part-owner of the family’s Vittoria Coffee empire,has secured about $12.6 million for her Palm Beach getaway,which is not bad given she paid $7.5 million in 2019.
Ray White Prestige’s Noel Nicholson had listed it with a $12.8 million guide after Cantarella purchased a $13 million house in Mosman.
Former model-turned-environmental scientist Ilse O’Reilly,the former wife of Irish media scionCameron O’Reilly,has sold her Paddington home two years after she purchased it for $5.25 million.
The London-based O’Reilly looks to have held off on any renovation before she recouped her purchase price and stamp duty with a little change left over given the $5.6 million sale price to obstetrician-gynaecologistMichael Van Der Griend and his wifeSolveigh.
BresicWhitney’s Maclay Longhurst negotiated the deal,having sold the nearby Van Der Griend home for $9.53 million.
Top rating radio starJackie “O” Henderson didn’t make any improvements to her Woollahra home in the three years since she purchased it for $11 million,but The Agency’s Ben Collier still managed to sell it for $13 million.
It was purchased byDavid andDalia Schnabl,the latter of whom is the daughter of aged-care bossPeter Wohl,best known for buying murdererRon Medich’s Point Piper home in 2014 for $37 million.
The KIIS FM presenter knows all about soaring prices,having last weekend for the Gordons Bay house of JP Morgan’s Kierin Deeming and lawyerJustine Hall,who did no more than commission a new DA since they bought it in 2019 for $6.01 million.
Derivatives traderToby Abbey purchased his Mosman home in 2021 for $8.5 million,commissioned a redesign by Harper Lane Design,and has put it back up for sale with a $13 million guide through Atlas’s Anthony Godson and Belle’s David Benjafield.
Abbey is moving to the nearby he bought in late 2021 for $21.5 million from Macquarie’s former chairmanPeter Warne,and which has also recently received the Harper Lane Design treatment.
But not every high-end seller is expecting to be immune to the market downturn.
Film producerJamie Hilton,founder of See Pictures,and his bibliophile wifeJessie Hilton have listed their Woollahra pied-à-terre after just 18 months with a $5 million guide.
This is the house-like apartment that was renovated by lawyerCharles Bannister and then sold through William Manning to the Perth-based Hiltons in 2021 for $5.7 million.
In Mosman,Potentia Capital bossAndrew Gray and his wifeEmma bought the Federation house,,eight months ago for $17 million and have listed it for $15.5 million to $16.5 million through Atlas’s Michael Coombs.
The Grays have already ridden the property boom to lucrative effect thanks to last year’s $37 million sale of their Bellevue Hill home Rothesay to Adani CFO“Robbie” Jugeshinder Singh.
Finally,the ofRosana and“MJ” Martono Jaya Kusuma,founder of Indonesian mobile telco Nexian,is back up for grabs less than a year after they bought it for $3.525 million.
Belle’s Debbie Pearce has a $3.3 million to $3.5 million guide on the three-bedroom property given the Kusuma family’s plans to buy something that offers more accommodation.