Luxury Hamilton Island home set to fetch $9m; Ross Palazzesi looks to offload Docklands pad

Sydney property developer Peter Brennan, head of Bradcorp, and his partner Michael Lynch have decided to market their $9m luxury Hamilton Island holiday home.

Around $9m plus is expected for the contemporary 1 Plum Pudding Close property on Hamilton Island.

Sydney property developer Peter Brennan, head of Bradcorp, and his partner Michael Lynch have decided to market their luxury Hamilton Island holiday home after 15 years ownership.

Around $9m plus is expected for the contemporary 1 Plum Pudding Close property, one of the island’s most prestigious addresses. Overlooking the Coral Sea, Trisara Gardens blends contemporary design with Asian influences and luxury coastal interiors.

1 Plum Pudding Close, Hamilton Island.

Natural timber, stunning stone feature walls and courtyards surrounded by lush tropical gardens offer seclusion and tranquillity along with a 23m lap pool. Brennan and Lynch reckon it is time to explore other experiences both in Australia and overseas. Trisara Gardens is five minutes walk from the Oatley family-owned Qualia resort. Brennan told Mansion it would be difficult to replicate such a luxury villa, given the lack of tradespeople and soaring building costs, in today’s market. Wayne Singleton of Queensland Sotheby’s International Realty is marketing the property.

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Metricon boss in selling mood

Metricon’s acting executive chairman Ross Palazzesi wants to sell his Docklands apartment and has put a $2.95m asking price on the ­four-bedder as the embattled building company looks to cut hundreds of building jobs. Real estate industry sources also revealed Mr Palazzesi, a longstanding director and major shareholder in Metricon, sold his Balwyn home for more than $3.1m earlier this year.

3501/90 Lorimer St, Docklands.

Billed as a “sky home”, Mr Palazzesi’s 3501/90 Lorimer St apartment features three car spaces and “spectacular” Melbourne city, Yarra River and Port Phillip views. According to CoreLogic he purchased the apartment for $1.925m in 2007. The apartment is on the market through Andrew Chen of Real Estate Services by Mirvac. It has two bathrooms. Mr Palazzesi was appointed Metricon’s acting executive chairman after the death of company founder and chief executive officer Mario Biasin earlier this year.

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French inspiration on Goldie

A French-look mansion on the Gold Coast has hit the market with price expectations of more than $35m, having last sold four years ago for a record $23.75m. The three-level property fronting 5 McMillan Court, Southport on the Nerang River, is considered one of the Gold Coast’s top homes. It last changed hands in 2021 and at the time was the highest recorded sale in Queensland. Ray White Burleigh Group agent Rebecca Moffrey is marketing the property. The buyer’s identity has been suppressed.

5 McMillan Court, Southport.

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High hopes in Castlecrag

Former King & Wood Mallesons partner Martin James and his lawyer wife Cathy have a $7m price tag on their 58 Linden Way, Castlecrag mansion through McGrath Northbridge agent Harriet Halmarick when it goes to auction on August 20. Designed by architect Rex MacRae the four-bedroom and three-bathroom property on 1195sq m was built in 2005 and has a rooftop terrace with views to the city as well as bay and ocean views. There’s an infinity pool and open fireplace. The house last traded in 2006.