Packer heiress Francesca Packer-Barham cops $2m hit, considers boutique move

With her luxury unit stung by a $2m price drop, billionaire heiress Francesca Packer-Barham is considering a new move.

Francesca Packer-Barham is looking to make a big move. Picture: Richard Dobson

With her Darlinghurst Horizon apartment having had a $2m price drop, Francesca Packer-Barham is considering buying into a new luxury boutique development in Elizabeth Bay.

The billionaire heiress’s level 40 Horizon apartment, listed with Highland Double Bay Malouf’s David Malouf since last November, now has $30m price guide, down from $32m.

Perhaps enthused by the prospect of an imminent sale, it’s understood she’s been considering several luxurious apartments in the Billyard Ave development.

MORE:

Disgraced doc’s unliveable home sells for $11m

An artist’s impression of the Billyard Ave development.

Luxury finishes at Billyard Ave.

RELATED: Inside Packer family’s incredible penthouse property portfolio

Packer-Barnham is a big fan of the area, with records showing she sold her two-bedroom apartment in Encore — the former Sebel Town House at 21 Elizabeth Bay Rd — for $2.6m in 2020 having paid $2.1m four years earlier.

She sold that, through Richardson & Wrench’s Jason Boon and Geoff Cox, to move into the Horizon penthouse which she’d bought for $16m in October, 2019.

The Encore apartment that Francesca Packer-Barnham sold for $2.6m in 2020.

She’d bought it for $2.1m four years earlier.

One of the most recent buyers in Billyard Ave came from Encore — Tina Green, widow of the late nurseryman Maurice Green, who sold her penthouse there for nearly $18m via Boon and Cox recently.

RELATED: James Packer’s curious move on $132m mansion

The Encore penthouse that Tina Green sold for nearly $18m via Boon and Cox.

It had a panoramic harbour view.

Green bought this garden apartment in Billyard Ave instead for $17.5m because she wanted some outdoor space for her grandkids.

She was happy to trade her panoramic harbour view for a $17.5m garden apartment in Billyard Ave via Boon because it provided some outdoor space for when her grandchildren came to visit.

Other buyers in the SJB-designed Billyard Ave have included yachtie and former UBS Japan boss Matt Allen who paid close to $30m for that penthouse and lawyer Chris Coudounaris who bought the sub-penthouse for $22m.

Francesca Packer-Barham’s 40th-floor penthouse in the Harry Seidler-designed Horizon. Photo: Supplied

It’s asking price has dropped $2m.

The incredible views. Photo: Supplied

MORE: New skyscraper granted ‘unlimited’ height

Originally published as Packer heiress Francesca Packer-Barham cops $2m hit, considers boutique move