Top marks for Shafston college founder Keith Lloyd
Shafston International College founder Keith Lloyd has offloaded his Surfers Paradise apartment for $5m
Shafston International College founder Keith Lloyd has offloaded his Main Beach apartment for $5m. Lloyd bought the 680sq m garden apartment in the Ocean Isles complex on Main Beach Parade in 2011 for $4.96m. It has three ensuited bedrooms, a customised home office, entertainers bar, home theatre and a library. The living space opens to a private swimming pool and spa. Michael Kollosche and Duncan Longmore at Kollosche Broadbeach secured the sale. It had traded higher in 2007 at $6.42m. It’s been bought by the downsizing Tony Burnett and wife Toni Ferguson, who run TB Hotels. They sold their former Admiralty Drive, Surfers Paradise waterfront earlier this year for $7,975,000 to entrepreneur Tony Quinn.
Historic house up for grabs
Hatherley House, one of Launceston’s oldest properties, has been listed for sale following a conversion by its architect owners. The 1870s Italianate home was bought for $1.91m in 2011 by architect couple Jack and Rebecca Birrell from Birrelli art + design who converted the manor into a boutique art hotel. It’s been trading as Hatherley Birrell Collection, which has eight bedrooms. It sits in 1730sq m gardens. A mythical Griffin’s head dates from the family crest of the 1870s owner, Henry Dowling — at the entry gate and also in a stained-glass window in the grand hall. Tasmania Sotheby’s agents Gayle Walker and Jake McIntyre have the listing.
Clifftop trophy sells
Moonya, the Portsea trophy home on the Mornington Peninsula clifftop, has sold. There had been a guide of $20m-$22m for the property, so it is likely to be the peninsula’s second-biggest sale, behind the $26m Ilyuka in 2010. Moonya, on 2800sq m over two titles, features a six-bedroom Hamptons-style home. There’s a two-level tennis pavilion next to the tennis court and a swimming pool in the Paul Bangay gardens. The tennis court block was offered unsuccessfully last summer as a separate holding. An accountant has placed a caveat on the property following its sale, but just who will emerge as the buyer is a mystery. Peninsula Sotheby’s agents Rob Curtain and Danielle Veins secured the deal for the vendors, Zenith Interiors co-founder John Fisher and wife Jenny.
Correct weight on Dibb sale
Tudor Lodge, the Armadale landmark, has been sold by the horseracing Dibb family, six months after its listing. The home had a bar full of trophies and memorabilia for their many winners, which included 1965 Cox Plate winner Star Affair. They had been seeking $11m-$12m for the Avalon Road home, which was offered to the open market for the first time in 64 years. Strong buyer interest had come from David Joachim, director of development firm Third Street. The five-bedroom home, built in the 1930s, sits in 2250sq m of landscaped gardens, one of the largest landholdings in Armadale. Kay & Burton South Yarra agent Michael Armstrong marketed the home with Michael Gibson.
jonathan.chancellor@news.com.au
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.