Shearer family move from Stanmore to Newtown
There were moving trucks outside the former 1930s Masonic Hall in Newtown, with Brett Shearer, executive at global logistics software developer WiseTech, recently helping the unload with his children and wife Bronwyn.
It had been a short trip for the vans as the family was moving from the nearby inner-west suburb Stanmore.
Shearer is the chief technology officer at the ASX-listed WiseTech, which ended 2019 in controversy surrounding reports of its financial accounts.
The adverse claims by investment adviser J Capital contributed to around $2bn being wiped off WiseTech’s valuation. WiseTech’s boss Richard White maintained the claims were “wrong” as the shareprice fell from $34 to $26 in October, and now sits at around $24.
The Shearer’s paid a Newtown record $5.05m for the former Masonic Hall, which had been the three decade work in progress of artist Tom Arthur and wife Sandra, who had paid $255,000 in 1987.
The Agency’s Ben Collier had a $5.5m guide, so well above the Newtown record that had stood since 2017 when Peter Yialas, the managing director at the ICT services provider, DX Solutions spent $3.85m on an 1870s home with pool.
The Shearer’s sold their Stanmore home for $2.84m.
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