Freight boss buys $61.5 million mansion to make Bellevue Hill return

Freight boss Arthur Tzaneros knows better than most how hot Bellevue Hill is right now given he is this week’s $61.5 million buyer of a mansion owned by businessman Leo Lynch.

And to think Tzaneros only settled on his $32 million Vaucluse home in June last year, which has a pool, tennis court and views across Vaucluse Park to the harbour.

The Bellevue Hill house built by GNC Quality won a MBA award in 2021, and sold this week for $61.5 million.Credit:

Clearly the trappings of such a suburban idyll weren’t enough to make him stay in Vaucluse given his purchase of the Lynch family home through Pillinger’s Brad Pillinger and Raine & Horne’s Alex Lyons.

ACFS chief executive Arthur Tzaneros returned to Bellevue Hill this week as its $61.5 million buyer.Credit: Australian Financial Review

Lynch, of the family that founded the ASX-listed flower wholesaler Lynch Group, shocked property watchers with his bullish sale given his house would have claimed a suburb record if he hadn’t gone up the road pay more than $70 million for the Leura mansion.

For Tzaneros, the chief and co-founder of ACFS Port Logistics, his return to Bellevue Hill comes two years after he sold an $11 million home just five doors away from his newly purchased digs.

The Vaucluse house sold for $32 million to Arthur Tzaneros is expected to return to the market.Credit:

The home reshuffle has not only incurred more than $6 million in stamp duty on Tzaneros’s two latest house purchases, but also shows how divorced trophy home values are from the broader market. Take Tzaneros’s new $61.5 million digs. The property last traded for $9.05 million in 2014 when sold by PR supremo Judi Hausmann.

Sure, the home has been rebuilt since then by coveted design team Michael Suttor and Thomas Hamel at a cost of many millions of dollars. Just how much that build cost remains unknown but the estimated $1.89 million on the original DA must have blown out given it won a Master Builders Association award for excellence in the $12 million-plus category for the builder GNC Quality.

And Tzaneros’s former Bellevue Hill home that he sold for $11 million in 2020? It resold a year ago for $21.5 million.

All of which bodes well for Tzaneros’s Vaucluse home, no doubt currently under siege by hordes of agents hoping to sell it for an ever greater sum.

House fit for a boganaire

Boganaire Nathan Tinkler has seen his fortunes wax and wane since 2008 when he was crowned the wealthiest Australian aged under 40 and purchased a palatial beachfront house on the Mid North Coast for $11.5 million.

Nathan Tinkler was the wealthiest Australian aged under 40 when he bought Noorinya in 2008.Credit: Tash Sorensen

The former mining mogul-turned-discharged bankrupt no longer owns the Newcastle Knights, nor his racehorse enterprise, but he still has his Sapphire Beach home, Noorinya, until a willing buyer forks out $30 million to buy it from him.

The Sapphire Beach property was built by Microsoft pioneer Jaybe Ammons and his wife Shelly as more of a private resort than house, with 15 bedrooms, 15 bathrooms, a children’s playground, 25-metre pool, cinema and a gymnasium.

It is listed with Sotheby’s James McCowan and David Medina.

Sunrise in Bellevue Hill

The Bellevue Hill pad of Matt Doran sold this week for $2.15 million.Credit: Domain

Seven’s Weekend Sunrise co-host Matt Doran did quick work selling his Bellevue Hill pad this week for $2.15 million.

Matt Doran took four days to sell his Bellevue Hill apartment.Credit:

The apartment sold just four days after it was listed by BresicWhitney’s Maclay Longhurst with a $1.8 million guide.

Doran purchased it in 2017 for $1,385,000 from Seven’s former reporter Alex Hart and Sky News’s Laura Jayes, and had renovated since then by designer Dylan Farrell.