Mark Carnegie grabs NZ holding
Sydney-based venture capitalist Mark Carnegie and his aristocrat partner Lady Katie Percy havefinally bought a large New Zealand holding.
Sydney-based venture capitalist Mark Carnegie and his aristocrat partner Lady Katie Percy havefinally bought a large New Zealand holding, paying nearly $NZ6m ($5.6m). Carnegie says the pair have been scouring the Land of the Long White Cloud for five years and have bought 90ha near Takaka on the northern tip of the South Island. The lifestyle block fronts Golden Bay and is near Kahurangi National Park. The couple are yet to decide about accommodation. At the moment, there’s a fibro shack on the block, which has been replanted to native vegetation and offers great fishing. Carnegie says the holding will be used by both his Australian family and Lady Katie’s Britain-based family. He is fresh from the sale of his 3.6 per cent stake in Macquarie Media with the off-market sale of the NZ property expected to complete in December.
Views to take pride in
A Northbridge couple have paid a reported $8.25m for a five-bedroom waterfront house at 96 Iluka Road, Palm Beach, through McGrath agents James Baker and Jonathan Fletcher. Selling agents Baker and Fletcher would not comment on the sale of the house, which came to the market for the first time in 80 years. The cottage on Snapperman Beach has lush level lawns to the waterfront and panoramic views to Lion Island. It features five bedrooms and three bathrooms on a 643sq m site.
Executives upsize
After seven years, Microsoft executive Jonathan Arad and his Ricoh executive wife Alice Mouatt are selling their Wollstonecraft apartment with price expectations of about $1m in a bid to upsize. The 207sq m Boronia Street apartment, with large terraces, will be auctioned through Belle Property Neutral Bay agent Tom Scarpignato on October 19. The property has two bedrooms, 2½ bathrooms and a car spot. The northeast-facing apartment could attract $700 to $725 a week in rent.
Ferry convenient
Belle Property Balmain’s Lynsey Kemp has at least 33 contracts out on a one-bedroom and one-bathroom ground floor apartment in Balmain given its great location close to the ferry and to busy Darling Street. The apartment, which is to be auctioned Saturday, is expected to sell for about $585,000 and includes a car space. Kemp says at least six parties are expected to bid and has hosted 95 groups through the property. The vendors are Russell Huggins, who is with CBRE and Kate Huggins of Harper Collins.
Receivers appointed to $300m apartment project
Receivers have been appointed to one of the largest apartment developments in Sydney’s eastern suburbs, the $300m Nautique apartment block in Rushcutters Bay.
Real estate upheaval as agents make their moves to rival firms
While the coastal auction sales season was under way, metro estate agents took the opportunity for a fresh start in new surrounds with the biggest upheaval at The Agency.