NewsBite

Trophy Homes: Di Bella Coffee pair selling New Farm apartment

Cricket legend Adam Gilchrist has cashed in on a property investment bought in the glow of a World Cup win.

Former Test cricketer Adam Gilchrist. Picture: Mark Evans
Former Test cricketer Adam Gilchrist. Picture: Mark Evans

Phillip Di Bella and wife Gianna, the names behind the famous Di Bella Coffee, are selling their New Farm apartment in Brisbane. The Lower Bowen Terrace unit was where it all began for their coffee roasting empire. Gianna said they bagged a lot of coffee in the garage. Spanning 150sq m including a private courtyard, the split-level home has two bedrooms and two bathrooms. Ray White New Farm agents Tom Lyons and Matt Lancashire are marketing the home for an August 19 auction. Di Bella Coffee began as a small coffee roasting operation in 2002 with Phillip winning the Ernst & Young’s Young Entrepreneur of the Year Award in 2008.

Lions champ offloads assets

Former Brisbane Lion triple premiership captain Michael Voss and wife Donna are continuing to offload their Brisbane property portfolio having moved to Adelaide. Earlier this year they sold Nu Haven, their five-bedroom Coorparoo home for $2.578 million. The couple paid $2.55m for the family entertainer when Voss took over as head coach at the Lions in 2009. The next on the chopping block is a land parcel in Mount Gravatt East, 12km southeast of the Brisbane CBD. Ray White Holland Park agents Piers Crawford and Joseph Leong have set an August 19 auction. Voss paid $235,00 in 2002 for the subdivisible 1138sq m land parcel on the hilltop of Panorama Place, nearby one of his prior homes.

Cricket star’s new success

Australian cricket legend Adam Gilchrist and wife Melinda have sold a vacant land parcel in Perth’s holiday destination, Eagle Bay. They sold the 1600sq m corner block for $940,000 having paid $290,000 in 1999, just after Gilchrist won the Cricket World Cup with Australia. It was secured just a month after he made his Test debut. The block, with peppermint trees set just 300m from the beach, had been listed through Stocker Preston Dunsborough agent Peter De Chiera. The Subiaco couple have owned a three-bedroom home in Eagle Bay since 2012 when they paid $2.2m, which was a nice purchase as the price had gone backwards from its $2.3m trade in 2006.

Australian cricket legend Adam Gilchrist. Picture: Wayne Ludbey
Australian cricket legend Adam Gilchrist. Picture: Wayne Ludbey

Questions over Canavan bolthole

Depending on the High Court’s decision, former Turnbull government minister Matthew Canavan might soon consider the future of his Canberra bolthole. The Macquarie townhouse was bought in 2009 for $499,500 just after he took a job at the Productivity Commission. A year later he was chief of staff in the office of then senator Barnaby Joyce. The three-bedroom, two-bathroom property with an outdoor entertaining deck is listed in his pecuniary interests statement described as an investment. It was last known to be up for rent in 2013 at $550 a week. Senator Canavan, the 36-year-old former minister for resources and northern Australia, has been considered a rising star in the Coalition since elected to represent Queensland in 2013. Malcolm Turnbull appointed him to the ministry in 2016.

Jonathan Chancellor
Jonathan ChancellorProperty Writer

Jonathan Chancellor is a senior property writer for The Australian's Business Review section. He has been a journalist since the early 1980s in Melbourne and Sydney, and specialises in reporting on the residential property market. Jonathan also writes for the Daily and Sunday Telegraph.

Add your comment to this story

To join the conversation, please Don't have an account? Register

Join the conversation, you are commenting as Logout

Original URL: https://www.theaustralian.com.au/business/property/trophy-homes-di-bella-coffee-pair-selling-new-farm-apartment/news-story/b9eb94691db69400cf39a1f668f53cbd