In the time it took David and Fee Hancock to rebuild their forever home, complete with gold leaf ceiling and silk wallpaper, they settled down in Paddington.
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Bitcoin entrepreneur Kain Warwick is proving to be one of the best buyers in Sydney’s beachside eastern suburbs since the cryptocurrency boom, securing luxury houses from North Bondi to Tamarama and now Bronte for a total of $33.25 million.
The most recent purchase by the 40-year-old founder of derivatives trading platform Synthetix is the Bronte home of online gambling website founder Joshua Chan for $12.2 million – rumoured to be a home for his parents, Allana and Kim Warwick, the latter of whom is the renowned tennis legend and six-time grand slam champion.
Warwick’s purchase in a company name he owns with his wife Raphaella almost triples the $4.55 million Chan paid for the house in 2012 and was well above the $9.5 million guide offered by Raine & Horne’s Ric Serrao and PPD’s Alexander Phillips.
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Oil and gas multimillionaire Russell Staley and his wife, Jennifer, have sold their landmark designer home on Collaroy Beach for more than $15 million, setting a new suburb high for a single residence.
It took three years for the distinctive residence, known as The Point House, on the northern-most point of the Collaroy Basin to exchange and for close to the original $15.5 million asking price.
Staley is a former rich lister thanks to his time as a senior executive at engineering group Worley Parsons (now known as Worley) and as chairman of Benthic, before it was acquired by subsea services group Acteon two years ago.