Developer to list Adelaide home

Nicho Teng, the head of the property developer Greaton Group, is set to list his Adelaide home.

Nicho Teng, the head of the property developer Greaton Group, is set to list his Adelaide home. The resort-style residence sits on a 7000sq m estate at Mitcham, south of Adelaide’s CBD. Tens, who migrated to Australia in 2011, will instead reside in the West Franklin apartment complex, his ambitious 560-unit project. Teng had plans to build a chateau-style home on the grounds formerly owned by winemaker Andrew Garrett. The proposed demolition was front page news in Adelaide. The 31-year-old, who is a sponsor of Port Adelaide Football Club, paid $3.2 million after just 35 days on market in 2017. The entrepreneur, who was married last year, said Adelaide would remain his hometown, although his wife lives in Sydney. Teng is also the founder of Haneco Lighting, one of Australia’s largest manufacturers of LED lighting.

Weightlifter sells family home

The ‘yellow house on the corner’.

The Mermaid Beach holiday home of Australian weightlifting legend Dean Lukin has snappily sold for $6,395,000 to a local buyer. The Adelaide-based Lukin, who paid $4.8m for the property in 2013 with brother David and mum Ann, was asking $6,495,000. It was bought shortly after the death of family patriarch, the millionaire Port Adelaide fishing entrepreneur Dinko. Known locally as “the yellow house on the corner”, the Hamptons-style home has three bedrooms and four bathrooms across its three levels. The lounge with a sandstone-clad fireplace opens to an alfresco deck with a sunken jacuzzi. Kollosche Broadbeach agent Eddie Wardale sold the home. The two-week sale is a rarity on Hedges Ave despite it being one of the most sought after addresses on the Gold Coast. A five-bedroom beachfront down the road has been on the market since 2016.

Ex-Majella boss exits Brisbane

Sebastian Monsour, the former chief executive of real estate development firm Majella Group, is selling his Brisbane home. Monsour, along with wife Megan, paid $590,000 for the Enogerra home in 2005. Set on 425sq m, the home has five bedrooms, three bathrooms and two entertaining patios. Estate agent John Kyranis had scheduled a June auction, but will take offers over $930,000.

Off the script

Screenwriter and novelist Stephen Irwin and wife Sarah have sold their Brisbane home Screenwriter and producer Stephen Irwin and wife Sarah have sold their Brisbane home. Irwin, whose writing and production work includes ABC’s Harrow and the Netflix series Tidelands, secured $1.07m for the Samford Village home in the Moreton Bay region. The couple had paid $1.07m three years ago. On the 8160sq m grounds is a late 1990s-built four-bedroom main residence, a separate two-bedroom self-contained granny flat and a swimming pool. Coronis Arana Hills agents Tamika Kent and Sam Scott sold the home. Irwin is also the author of supernatural thriller The Dead Path, which was named the Top Horror Title in the American Library Association’s 2011 reading list.

[e-mail]