The Sell: Socceroos coach Graham Arnold spends $4m on inner west home
The Sell: Socceroos coach Graham Arnold has swapped Sydney’s northern beaches for the inner west, while his players are going ‘homeless’.
Property
Don't miss out on the headlines from Property. Followed categories will be added to My News.
Socceroos coach Graham Arnold has swapped Sydney’s northern beaches for the inner west, while his players are going “homeless”.
Arnold, 59, recently secured the $3.05m sale of his North Narrabeen home.
It followed his purchase of a Rozelle townhouse for $4m last year.
The move puts him much closer to the Socceroos training facilities at Leichhardt.
His former Wimbledon Ave home was a two-storey, four-bedroom, two-bathroom house, rebuilt in 2017.
It had a media room and a theatre room. Set on 345 sq m, it featured a pool, which was a $33,000 installation, along with outdoor entertainment areas.
He had bought it for $1.67m in 2017 and then demolished the old brick home.
Set 100m from the waterways of Narrabeen Lake and Wimbledon Reserve, it had been advertised as a fantastic opportunity for the astute renovator and property investor, being on one of the most highly sought-after streets in the suburb.
Arnold had initially sought $3.25m early last year.
The Rozelle property is a three-bedroom, three-bathroom townhouse designed by Sam Crawford Architects in 2009.
It last sold for $2m in 2010.
It marks a return to the inner-west for Arnold and wife Sarah, who had moved to North Narrabeen from a Drummoyne apartment.
His reference to homelessness was in regard to the national team being without dedicated training facilities, instead using rundown facilities at Leichhardt Oval on a field that was built for rugby league. He said it had been a consistent complaint for his 37 years in the game.
As a player, Arnold represented Australia 56 times, scoring 19 goals.
As national coach, he guided Australia to its fifth consecutive World Cup finals in June last year.
EMDUR’S SON SELLS INNER-CITY PAD
Estate agent Jye Emdur, the son of entertainer Larry Emdur, is on the move. The TRG sales executive has listed his Pyrmont apartment.
He is selling it through local LJ Hooker agent John Zhang, who sold another apartment in the complex just last month at $1,223,000 after four days on market.
Zhang has given $1.25m to $1.35m price guidance for Emdur’s two-bedroom, two-bathroom Harris St apartment.
Marketed as “modern living with heritage character”, there’s polished timber flooring, high ceilings, sash windows and exposed concrete columns along with gourmet kitchen with European appliances.
The apartment in the M-Central complex cost $980,000 in 2019 when Emdur was an assistant to The Agency’s Brad Gillespie. His father’s penchant for property presumably prompted his passion for selling property.
He’s part of the Cai Thomas sales team at TRG, with operations manager Renee Lodens.
The team were recently praised in a realestate.com.au review for selling a home in Dover Heights with commendable “energy and enthusiasm throughout the whole process”. Apparently the team was all accommodating of their vendors’ requests “that went above and beyond – including puppy and cat minding”.
No praise yet from Larry since there was no success selling the family’s Kangaroo Valley retreat, Sky Ridge.
It was recently taken off the market having failed to secure $3.5m, and then a revised $3m.
BYRON BAY HOME IN RECORD $37M SALE
Tech entrepreneur Benjamin Bray is whispered to be the record-setting $37m buyer of The Range in the Byron Bay hinterland.
The 48ha luxury escape was sold last month by Oroton fashion empire heir Tom Lane and his wife Emma, who have certainly made a motza in property since their move from Manly.
The Bondi Beach-based Bray, who has made his fortune in the gaming space, is a 27-year-old who has flown under the radar since his move from New Zealand.
He is managing director at the Paddington-based tech innovation company Nakatomi.
The Lanes transformed the Coopers Shoot property after paying $3.8m in 2017.
There were reportedly three buyers vying for the keys to the property, which has a six-bedroom home, several separate accommodation buildings, a 15m infinity mineral pool, infra-red sauna and gym, and a macadamia grove. There’s even a private koala precinct.
It was marketed as “a perfect fusion of an Australian farmhouse with Spanish Finca influences”.
It became a $67,000-a-week luxury holiday rental for the likes of actors Liam Hemsworth and Nicole Kidman, which prompted silly reports of their buying.
Bray’s base has been the penthouse in Bondi’s Pacifico building since in 2020, when he paid $4.25m.
Bray’s Instagram shows holidays at Byron, along with his recent engagement to architect Grace de Rome, with well-wishes coming from Made in Chelsea star Sophie Habboo.
The price of the 48ha estate bettered the Byron Shire’s previous $26m acreage record when Clare Mulham, of the billionaire Roche cosmetics business family, bought 16ha at Suffolk Park.
Hercules, another acreage in Coopers Shoot, sold for $22m to GemLife director Adrian Puljich and his wife, interior designer Jessica Puljich, last year, with 6ha.
Still hoping to break through the $20m barrier is Cedar Hills, the Newrybar estate of celebrity wellness gurus James and Chrissy Duigan.
HAPPY FEET CREATOR DANCES INTO ICE CREAM FACTORY
Happy Feet creator Zareh Nalbandian, who sold his animation studio Animal Logic to Netflix last year for around $700m, has emerged as the $13.2m buyer of Camperdown’s former ice cream warehouse conversion.
His intentions after the off-market acquisition are not known, but it has 1250sq m of gross floor space, with ceiling heights of 13m.
Nalbandian is the latest in a who’s who of owners of the Australia St warehouse, which was offloaded by Bitcoin entrepreneur Kain Warwick.
Warwick bought it for $12m in 2021 from the property developer Theo Onsiforou, who had paid $5.75m in 2015 and spent $1m on its upgrade.
BresicWhitney’s Shannan Whitney once countenanced it could easily become a luxury home.
The building was the longtime manufacturing plant for Dairy Bell ice cream until its 2015 closure after its sale to Paul Little, the Melbourne businessman.
Nalbandian, who has been based in Longueville for over two decades, has been busy spending his windfall.
There was a $3.9m purchase on King St, Newtown; and Nalbandian, who has also worked on The Matrix, and Peter Rabbit, recently spent $US6.2m on a modern canal-front home in Venice, Los Angeles.
The popularity of Sydney warehouses will be tested with a Lilyfield offering.
Renovation queen Cherie Barber wants $9m for the converted Lilyfield residential warehouse she bought from comedian Merrick Watts for $6m in 2020. It was the lolly factory, Oh Boy Candy Company.
The latest marketing suggests not much has changed since Watts commissioned the architect Virginia Kerridge.
Interiors expert Juliet Ashworth and her partner Richard Whalley recently fronted a syndicate that sold a commercial Alexandria warehouse to Carla Zampatti’s daughter, fashion designer Bianca Spender, for $7.5m, having bought it for $6.03m in early 2021.
The Henderson Rd property, set on 435sq m, is a double-brick, three-storey warehouse.
Two years ago, TV producer Andrew Denton and his broadcaster wife Jennifer Bryne sold their Chippendale office warehouse for $10m.
The TV power couple had secured the Meagher St holding in 2007 for $2.1m.
MORE AGENTS THAN BIDDERS AT AUCTION
Veteran Sydney art dealer Denis Savill has yet to sell his Edgecliff apartment after it was auctioned on Saturday.
The master publicist sought privacy, decreeing on the eve of the auction that it was to be open only to registered bidders. So The Sell was left standing outside the early-Saturday morning onsite auction, which had way more Sotheby’s agents in attendance than buyers.
Savill bought the ground-floor apartment in 2021 for $8.2m with his partner Anne Clarke.
The full-floor, three-bedroom, two-bathroom Albert St apartment in The Lincoln, spans 275sq m, with a glimpse of the Sydney Harbour Bridge.
It was reportedly initially offered with no reserve, though this must have changed because there were two bids before it was passed in
The couple intend swapping to the Elizabeth Bay complex, Kincoppal. The harbourfront apartment was bought for $8.8m from the estate of Sylvia Eisman, mother of Kathryn Eisman, the host of the wardrobe makeover series Undressed.
Savill’s other current listing is their Port Douglas weekender of the past seven years. Overlooking the Coral Sea from Flagstaff Hill, the tropical North Queensland-style two-bedroom, two-bathroom apartment has been listed through Mark Flinn of Ray White for May 18 auction.
CUTTING TIES TO THE PENTHOUSE
Andree and David Milman, who pioneered hair salons in department stores in the 1990s, secured $11 million for their 1919 Laluma, Woollahra penthouse.
The dress circle Rosemont Ave penthouse was sold by Goodyer Real Estate to Warren farmers Anthony and Victoria McAlary.
It boasts 586sq m, including 186sq m of terraces.
The Milmans bought it in 1994 for $1.6 million from arts doyen Leo Schofield.
RACING IN FOR A FRESH ESTATE
Manx Park, the Sutton Forest thoroughbred farm, has been bought for $14.95 million by billionaire Kie Chie Wong and wife Ann Lim.
The 126ha Southern Highlands estate was sold by tech investor Peter Crown, who’d paid $11.544 million in a two-day flip.
Wong owns 82ha Braebrook just across the road, which cost $9.4 million in 2021.
A Sarawak timber-milling business was the origin of Wong family wealth.
NEW CHAPTER IN BRONTE TALE
Lady Marina Dawson-Damer, the daughter of George Dawson-Damer, the 7th Earl of Portarlington, has listed her Bronte bolthole.
A May 27 auction has been scheduled for the Bayview St triplex apartment through Alexander Phillips and David Tyrrell at PPD Real Estate, who have $5.5 million expectations.
It cost $3.575 million in 2008 from developers Richard Woods and Vikki McFadden.
First look: New Coast shopping centre for surprise site
A long-empty site in a surprise location will be transformed into a retail showroom complex under fresh plans lodged with the council. FIND OUT WHERE
Revealed: How much rent you need to pay in every Qld suburb
Rents have increased again in 252 Queensland suburbs, reversing the brief downward trend recorded just three months ago. See how your suburb compares!