Kyle Sandilands and wife Tegan Kynaston purchase $13 million Sydney home

After signing a record-breaking new contract worth $100 million on Wednesday, Kyle Sandilands has splashed on a major purchase to celebrate.

Kyle Sandilands has celebrated his record-breaking new radio deal in a big way, splashing more than $13 million on a new home in Sydney.

The radio star and his co-host Jackie ‘O’ Henderson re-signed with Australian Radio Network on Wednesday in a 10-year contract worth a combined $200 million.

Their new agreement will see Kyle and Jackie O Show expand into Melbourne from 2024, where current KIIS FM hosts Jason Hawkins and Lauren Phillips have been given the axe.

Kyle Sandilands and Jackie ‘O’ Henderson signed a $200m combined deal with ARN on Wednesday.

Ahead of signing his new contract live on-air Wednesday morning, Sandilands and his wife Tegan Kynaston purchased a Vaucluse mansion with Sydney Harbour views last Tuesday, two days before its scheduled auction date.

Kyle Sandilands and wife Tegan Kynaston have bought a $13m property in Sydney's Vaucluse. Picture: Ray White Double Bay

Realestate.com.au reports the property’s agency Ray White wouldn’t disclose the exact amount Sandilands offered, but that the house sold above its $13 million price guide.

Positioned on a large 1018sq m block, the two-storey home has views of Sydney’s iconic harbour, as well as four bedrooms, a pool and multiple living areas.

Kyle and Tegan plan to renovate the house. Picture: Ray White Double Bay

The Vaucluse home has views of the Harbour Bridge. Picture: Ray White Double Bay

The publication reports Sandilands intends to renovate the home, which will be the couple’s primary residence during the work week.

Sandilands and Kynaston, who married in a lavish $1m wedding ceremony earlier this year and share one-year-old son Otto, also own a home in Sydney’s Hills district at Glenorie, which was purchased for $3m in July last year.

At the time, Sandilands claimed he hoped to build a Hampton-style holiday home on the acreage.

Kyle and Tegan are building a property empire.

Currently, the couple are renting a home in Bellevue Hill for $8000 per week.

It comes as Sandilands stands to make double his previous income under his new agreement.

The shock jock has been making about $6m per year alongside Henderson since signing their previous contract in 2019, but the new deal will see them each earn more than $10m annually.

That amounts to more than $100,000 per week after tax.