Paspaley pearl family buys Paddington hidden gem for $8 million

Key points

  • Remuneration expert John Egan is selling his heritage garden in Leura, The Braes.
  • A scion of Transfield’s Belgiorno-Nettis family has bought for $9 million in Tamarama.
  • Liquor licensee Michael David is selling in Pulpit Point. 

Property listings

Christine Bracher, creative director of the family’s Paspaley pearling empire, settled on an $8.01 million home in Paddington this week as a downsize from her recently sold $16.75 million digs in Bellevue Hill.

Despite the big-ticket result, this is not one of the suburb’s grand Victorian terraces. Instead, it is a 40 year-old house designed by architect Espie Dods, set on a cul-de-sac laneway behind a diminutive facade that fans out to a 380 square metre block that was sold off-market by The Agency’s Ben Collier.

The Paddington house built into the side of a converted warehouse sold on the quiet for $8 million.Credit:

Christine Bracher is the creative director at Paspaley.

A rifle through historic records shows the late adman Alan Morris and Allan Johnston owned it for a couple of years when they launched their Mojo agency, which was widely regarded as the hottest in town in the 1980s.

It last traded in 1992 for $765,000 when sold by company interests of the Arnotts biscuit family to Katharine Forster and Chief Justice of the Federal Court James Allsop, and owned by Forster and Emma Forbes since 2017.

Bondi’s lighthouse listing

Stockbroker Adam Blumenthal has listed his “lighthouse” apartment atop the Bondi Pacific with a $9.5 million guide.

The chairman of family owned financial advisor EverBlu Capital has owned the three bedroom-three bathroom spread since 2014, paying $3.9 million for it new, and leasing it since 2019 when he bought his former North Bondi designer digs with wife Annabelle Shamir.

The three-bedroom apartment is one of the “lighthouse” penthouses in the Bondi Pacific.

Adam Blumenthal, chairman of EverBlu Capital financial advisory.Credit:

That North Bondi house was one of the lauded boomtime sales of 2021 when it was sold for $11.235 million – almost double the $6.3 million paid for it a few years earlier.

The couple is now Bellevue Hill-based thanks to their $30 million purchase two years ago from fashion designer-turned-lifestyle blogger Stephanie Conley-Buhre.

It goes to auction on April 1 through The Agency’s Steven Chen and Ben Collier.

Still with the April Fool’s Day auction plans, former Bondi Rescue lifesaver Bobby “Yak” Yaldwyn has listed his three-level semi in nearby North Bondi for about $4.5 million.

Bobby Yaldwyn is a former lifesaver on Ten’s reality TV show Bondi Rescue.Credit:

Yaldwyn, a paramedic and former lifesaver on Ten’s hit reality show until six years ago, purchased the five-bedroom house in 2021 for $4.48 million, following the sale of his family home of 30 years in Bondi Beach for $6.4 million.

Richardson & Wrench’s Jason Boon has the listing.

Liquor licensee sells up

The Pulpit Point apartment was purchased off-the-plan in 1998 for $2.145 million.

One of Sydney’s longest standing liquor licensees Michael David and his wife Rosalie have set an April 4 auction for their Hunters Hill home given downsizing plans.

Elizabeth Bay Cellars owner Michael David has a fresco painted by Jeffrey Smart on the wall of the store room.Credit:James Alcock

David, who is a member of David grocery family, was a co-founder of the Liquorland chain that was acquired by Coles in the early 1980s, but retained the Elizabeth Bay Cellars with its mural on the back store room walls by the late artist Jeffrey Smart.

The couple bought their four-bedroom home off-the-plan in the Pulpit Point development in 1998 for $2.145 million. BresicWhitney’s Nicholas McEvoy has a guide of $7.3 million.

Tamarama’s top buyers

Massimo Belgiorno-Nettis, son of Guido Belgiorno-Nettis of the wealthy Transfield family, has bought a landmark $9 million house in Tamarama.

The landmark Tamarama house was listed for $8.5 million and sold for $9 million.

The 34-year-old director of the Australian Museum Foundation purchased the four-bedroom house from paediatric cardiologist Peter Robinson and his wife Kathleen after it was listed for $8.5 million by Ballard’s James Ball and Richardson & Wrench’s Jason Boon.

The progeny of some of Australia’s wealthiest families have shown a penchant for Tamarama real estate in recent years, with the likes of Joshua Lowy buying for $16.35 million and Justin Topper, of the AI Topper hides family, buying an excavated site for $13.25 million.

Bushwalker-turns-house hunter

Remuneration expert John Egan stumbled upon the heritage garden, known as The Braes, while bushwalking in Leura with his sons in the 1990s and couldn’t resist it: he paid $725,000 for it in 1996.

The Braes is the privately owned, heritage garden designed by landscaper Paul Sorensen.

The garden was designed by acclaimed landscaper Paul Sorensen in the 1940s thanks to a commission by Dr Geoffrey Hagarty, and is now regarded as one of the largest private gardens in the Blue Mountains.

John Egan is regarded as a remuneration expert across the public and private sector.Credit:Nic Walker

The founder and chairman of governance consultancy Egan Associates and his wife Margot then built the first of two residences on title in 2002, and a second followed about eight years ago, offering the couple a home away from their Manly home.

Ray White Double Bay’s Nic Krasnostein has the listing.

Byron flippers

The Byron Bay holiday home of David Dawson, of executive search firm Primary Asset Consulting, is back up for grabs less than two years after he bought it for $6.87 million.

The Wategos Beach house was last owned by former Young Rich Lister Robert Bates and his then wife Emma Gibson, before the couple separated and Bates took up with his new beau Francesca Packer Barham.

Dawson has updated the house during his brief ownership, landscaping and securing DA approval for a pool, before he handed the listing to McGrath’s William Phillips and Atlas’s Michael Coombs.

A guide of $9.5 million has been set ahead of an April 15 auction.

Dawson last year traded up his Mosman home, selling for $8.55 million to buy at Chinaman’s Beach for $16.6 million from Alchemy Partners chief Neil Livesey and his wife Jane.

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