Marco Rossi sells Tamaramaâs most expensive hole in the ground
Elsewhere, Anthony Scali scores $11 million in Palm Beach, fund manager Ben Alexander buys for $25 million in Vaucluse and a rock publicist makes a $6 million return.
An artistâs impression of the development application-approved, Wallace E Cunningham-designed residence in Tamarama.Â
Lucy Macken
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Tamaramaâs most expensive hole in the ground has quietly sold, five years after it was first listed with $15 million hopes by Marco Rossi, head of privately held construction group Built, and his partner, Stephanie Stokes.
The couple purchased the Thompson Street property on Sydneyâs coast in 2008 for a then suburb high of $11 million and demolished the house to make way for a development application-approved, Wallace E Cunningham-designed residence that was expected to be the Rossi familyâs forever home.
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BAD TIMES, GOOD TIMES
As an ex-resident of Cairns, Queensland, and having travelled there often over the last 15 years, I remember being concerned at the reporting earlier this year about the end of JobKeeper and impact to the tourism industry. But, current and recent lockdowns notwithstanding, over the last month, in trying to book a getaway up there with my pregnant wife, I have had to wonder if the impact of international travel shutdowns has actually resulted in a massive uplift in tourism up that way. I know it s obvious more people have been travelling inside Australia more right now, but places like Port Douglas, which have been showing 95 per cent occupancy at some sites, are experiencing heavier bookings than any time in the past 10 years. What s more, prices on available accommodation are two to four times higher and car rental costs are out of control. That s great news for the travel providers but makes it hard for anyone not cashed up to tra
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