Anthony Callea and Tim Campbell buy high-rise Melbourne unit
Singer-songwriter Anthony Callea and actor Tim Campbell have snapped up a discounted high-rise Melbourne apartment.
Singer-songwriter Anthony Callea and actor Tim Campbell have snapped up a discounted Melbourne apartment in the Yarra Point complex. They paid $1,165,000 for the 20th floor three-bedroom apartment that was initially sold by developer Mirvac in 2012 for $1.25 million. Complete with home office and an entertainers’ terrace with views over Victoria Harbour, it was sold by MICM Real Estate agent Cary Thornton. Callea rose to prominence when he finished runner-up on Australian Idol in 2004 and then released a debut single, The Prayer. He recently released his sixth album. Tim is best known for playing Dan Baker in soap opera Home & Away.
Golden week for Surfers sale
Property developer Michael Kelly has sold his Surfers Paradise home for $10.2m, the fourth highest sale on the Gold Coast this year. The house, which took Kelly two years to build, sold through Savills to a Chinese national with a temporary visa and foreign investment approval. Just off the Nerang River on a 2295sq m block, the five-bedroom mansion was designed by Jared Poole. It features a home theatre, gym and wine cellar. Offering 98 metres of river frontage, the property has a pontoon, secure boat storage and ramp. The sale going unconditional this week was the highlight of a very quiet Golden Week for Chinese acquisitions across Australia. Golden Week is a biannual holiday in China when some of the country’s richest head to Australia for a spot of property shopping. The property was actually listed for Golden Week last year at $12.5m.
Moving up-market in Dalkeith
Reproductive biologist Bruce Bellinge has emerged as the $13.7m buyer of cattle king Mauro Balzarini’s Dalkeith, Perth mansion. Balzarini and wife Giovanna Boventi took $6m less than what they wanted for the huge Palladian villa that cost them $12.25m in 2006. The Italian-style house with pale sandstone walls and terracotta roofs was originally owned by Alan Bond’s lieutenant, Peter Beckwith, who built it in 1990. It has six bedrooms, seven bathrooms, a wine cellar, gym and a swimming pool with cabana on its 2673sq m parcel. Offering a sweeping panorama of the Swan River, the house had been on the market through William Porteous at William Porteous Properties International. Bruce has called Dalkeith home since 2009, when he paid $4.9m for Raffles. He’s listed that property after his new purchase.
Trading vitamins for property
It seems several of the Swisse Wellness vendors have taken to property after securing a massive windfall from the $1.67 billion sale of the company last year. Chief executive Radek Sali has emerged as the buyer for $12.5m of a mansion in South Yarra from the Van Haandel restaurant family. Chief operating officer Adem Karafili and wife Nichola recently paid $8.03m for a luxury Toorak home designed by Christopher Doyle. Castran Gilbert secured the sale after just 11 days on the market. Former Swisse Vitamins owner Stephen Ring spent $7.58m on Iluka, a beachfront cottage in Sorrento. Former managing director Michael Saba and wife Jasmine spent $3.55m buying 5.8ha in Sunbury.
It could be your own Downton Abbey
Built in the 1870s, this massive pile on 2.83ha in NSW’s Hunter Valley is one of Australia’s finest heritage estates. Asking price: $10 million.
‘Relief needed to lure buyers back’
Interest rates would need to be cut five or six times to motivate buyers back into the property market, with younger Australians likely to purchase sooner.