The Sell: Victor Radley in landlord mode after pulling Waverley home from sale
Sydney Roosters enforcer Victor Radley has pulled his Waverley home from sales websites and is now seeking tenants for his $2650-a-week rental.
NSW
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Sydney Roosters enforcer Victor Radley has pulled his Waverley home from sales websites and is now seeking tenants.
The Wallace St address comes with a $2650-a-week asking rental through PPD property management agent Katrina Borg.
Its November marketing campaign came with a $4m-plus guide, with similar expectations last month, with both unsuccessful auction campaigns through R&W agent Jason Boon.
The 25-year-old lock, who has been at the Roosters since making his 2017 NRL debut, paid $2,999,000 for the 1930s home in 2021 before its redesign.
The plans by the premiership-winning carpenter, estimated to cost just under $500,000, involved adding a third level.
Radley has been seeking to buy something more family-friendly with partner, marketing professional Taylah Cratchley. The couple welcomed their first baby, Vinnie Cash Radley, this year.
The rental listing comes amid slim 2024 offerings, with only one other home currently for rent at $2800 a week. Sydney’s east sees its rental vacancy rate at just 0.96 per cent.
PropTrack put Waverley’s asking rental median at a record $1550 a week last month. It was $1300 this time last year, $1275 in 2022, $1100 in 2021 and $1175 in March 2020 as the Covid pandemic took hold.
Surging rents mean renters across Sydney are now facing the worst level of rental affordability in at least 17 years, according to the latest PropTrack Rental Affordability Index.
“With median rents of $750 for a house and $680 for an apartment in Sydney, it is substantially more expensive to rent than elsewhere in the country,” Proptrack economist Angus Moore said
“A household earning the median income in Australia of $111,000 can now afford just 39 per cent of rentals advertised during the six months to December 2023.
“This is, by a reasonable margin, the lowest share since records began in 2008.
“Affordability peaked in 2020-21, when a median-income household could afford 60 per cent of advertised rentals.
“Even relatively high-income households earning around $170,000 a year are facing more challenging rental conditions,” Moore noted.
BELLEVUE HILL HOME ONE OUT OF (HORSE) BOX
The matrimonial Bellevue Hill home of neurosurgeon Timothy Steel and low-key socialite Emma Steel recently hit the market for early April auction.
But you’d never know it driving along Holland Rd because there is a whopping big horse box parked right out front, obscuring the for-sale sign erected by the Luxe Listings Sydney cast member D’Leanne Lewis and conjunctional agent Jason Boon.
The five-bedroom residence on 1018sq m was bought in 2010 for $6.53m from Emmanuelle Alter and Tony Rubenstein.
It was two years after the Steels had married. Their marriage broke down in 2019, but the property title remains in both names.
The millionaire neurosurgeon now gives his address as a $6000-a-week Point Piper rental.
Last September, Sunday Confidential revealed the divorce settlement of the millionaire neurosurgeon and his ex-wife was all but done, while noting Emma was believed to be single and had all but disappeared from Sydney’s social scene to support their talented showjumper daughter.
Neighbours thought the horse box would be gone ahead of the marketing campaign, especially given Lewis’s reality-TV persona as a non-nonsense agent supervising her listings to the nth degree.
But there has been no relocation of Steel’s horse box during its initial open for inspections.
There have been 2200 page views on realestate.com.au in its first week online.
Lewis recently secured the $26.5m sale next door for Kim Seder, wife of SquareKnot founder Mike Seder, who bought in 2021 for $15m.
It sold to Georgina and David Mattick, the boss of the Taphouse Group, who were coming from just opposite Cooper Park
They sold last month for nearly $11m, having paid $4.2m in 2015.
$3.15M UPSIZE A MODEL MAKEOVER
Former model and E! Australia presenter Ksenija Lukich and her lawyer husband Dan Bragg have completed their upsize.
They’ve moved to the northern beaches, after selling their Potts Point apartment in late 2022 and recently spending $3.15m in Fairlight.
They secured the three-bedroom, 1970s-built, but now contemporary home off the market.
It was the third time it had traded in five years, having certainly seen considerable growth since it sold at $2m in 2018. The next time it traded was in 2020, when it fetched $2,525,000.
Set on a skinny 335sq m block near Fairlight Village and Manly West Primary School, the single-level home has a rear garden with level lawns and an outdoor entertainer’s deck.
The main bedroom opens via French doors to a courtyard.
The upsize comes as the couple now have two preschool children.
The duo had bought their two-bedroom Victoria St, Potts Point apartment for $1,077,500 in 2018 when it was just the two of them.
They secured $1.5m after a renovation of the apartment in the 1984-built Hordern Place.
Lukich had been the host of entertainment show E! Australia for five years before she announced her departure in 2019.
She recently joined Vault House Group as the group head of partnerships.
Created by Si Philby and Oliver Peagam, Vault House is a private members’ club featuring the original Berrima Vault House in the Southern Highlands and Clarence Vault Rooms in Sydney’s CBD in a former electrical substation.
ZAMPATTI MANSION STILL IN THE FAMILY
Almost three years after the April 2021 death of legendary fashion designer Carla Zampatti, her luxury Woollahra home has formally changed hands.
It has not been sold but rather is now within the purview of her politician daughter, Allegra Spender, the Wentworth MP.
The 1928 Edgecliff Rd, Italianate-style mansion had been bought by Zampatti for $220,000 in 1975 from the family who had built it. Zampatti bought out then husband politician, lawyer and diplomat John Spender’s one third stake in 1982 at $233,000.
Probate was granted in August 2021 with the executor paperwork lodged earlier this month with the NSW Land Registry advising “the applicant (Allegra Spender) applies to be registered as proprietor of the estate of the deceased registered proprietor (Carla Zampatti) as specified in this instrument”.
There’ll no doubt shortly be an update to Spender’s pecuniary interests record, which requires politicians to declare property they “have an interest in”.
She had previously acknowledged a loan from the estate pending formal distribution by the executors.
The family resided there until 1986 when they moved into Spender’s nearby inherited Georgian-style family home, Headingley House which John Spender’s diplomat father, Sir Percy Spender, bought from the Kater pastoralist family in 1949.
When the couple split, Zampatti moved back into the battle-axe 1460sq m property and in 2009 updated its kitchen under the guidance of architect Dino Raccanello. The interiors are mostly 16th-century Italian Palladio in style, an so highly suitable as the venue of many fashion launches.
The property-savvy matriarch had a commercial property empire that dated back to acquisitions in the early 1980s, with two Kent St, Sydney premises including the Carla Zampatti Building, which cost $485,000 in 1980, and the adjoining property, which cost $650,000 in 1981.
The property seems set for forthcoming listing by the three siblings – Allegra, fashion designer Bianca, along with their Potts Point-based stepbrother Alexander Schuman, who runs the business.
COUSINS SELLS POINT PIPER PAD AT LAST
Adman turned climate change activist Geoff Cousins and his author wife Darleen Bungey have finally sold their Point Piper home after it was 228 days on market.
Their Mark Pearse-designed Wolseley Rd home was listed with $27.5m to $30m guidance last July. The whisper is the buyer paid $23m.
The Byron Bay hinterland-based couple will now have their $20m Paddington Green penthouse as their city bolthole.
The Point Piper house cost $10m in 2007.
Point Piper was the most featured NSW locality on the Richest 250 List of Australia’s wealthiest people published this week in The Australian, as well as at richest250.com.au.
Point Piper had 14 residents followed by Vaucluse (13), then Hunters Hill and Mosman both (6).
Almost 45 per cent of the richest Australians reside in NSW although Toorak in Melbourne was densest suburb with 22 entrants.
The List includes 159 billionaires, up from 139 last year with 23 newcomers. The average age of members is 64 years. Point Piper property owners include Nicola Forrest ($37.17bn) Scott Farquhar ($22.65bn) Kerry Stokes ($11.01bn) and Frank Lowy ($10.26bn).
Residents seeking to exit from the somewhat lethargic pricey peninsula include used car dealer Tony Denny.
PEARL LOSES A LITTLE LUSTRE
A Pearl Beach getaway that set a $7.7 million auction record when 10 parties competed in 2021 has resold at $6.6 million.
The Central Coast headland cottage was sold by Louise Fussell and her husband Thomas, a UK private equity investor who co-founded intelligence software Fast Search, which sold to Microsoft in 2008 for $1.2 billion.
They bought a $12.25 million house in another sale by Coast Realty’s Stuart Gan.
SAILING TO NEW PRICE RECORD
An Eleebana trophy home set 300m from Lake Macquarie has been sold for a $3.725 million suburb record.
The Cherry Rd dual residence property sold through Anthony Di Nardo and Nelson Woods of Belle Property.
The 7386sq m parcel last sold for $1.478 million in 2012.
The previous suburb record was jointly held by properties on Burton Rd, Casson Ave and Cherry Rd in three $3.2 million sales between 2020 and 2022.
KEEN TO LIGHT UP THE MARKET
An apartment in the 1930s Tobacco Factory in Paddington has $3.75 million hopes for its April 13 auction via Sotheby’s agent Maclay Longhurst.
It was last sold a decade ago at $2.1 million to infrastructure director Matthew Grimes by travel industry publicist Sophie Curtis.
The north facing three-bedroom, two-bathroom MacDonald St apartment has interiors by Iain Halliday.
Got a property news tip? Email jonathan.chancellor@news.com.au
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