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How money and global exposure are changing the face of Byron Bay
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Byron Bay bound Catalano lists $15m St Kilda mansion Media baron and canny property dealer Anthony Catalano is selling up in Melbourne as he cements his move north.
Property by Lisa Allen
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Subscriber only Media baron Antony Catalano has listed his St Kilda West Victorian style mansion with price expectations of at least $15.5m following his relocation to Byron Bay where he is planning to develop a luxury accommodation complex valued at more than $55m - as an offshoot of his boutique Rae s at Wategos hotel. Despite owning three properties in Byron Bay, and renting a fourth, Mr Catalano says he is also keen to buy a residential property in Sydney - with suburbs such as Vaucluse, Point Piper and Watsons Bay of appeal depending on the style of house he can find.
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The keys to Balmain’s most expensive house have finally been handed over to the buyer who paid $11 million, revealed on title records to be the daughter of gold mining magnate Xu Hanjing.
Cathy Xiao Xu, 33, is only the fourth owner of the historic waterfront house since it was built in the 1880s by Charles Yeend, the son of prominent innkeeper James Yeend, and follows 60 years of Cloughessy family ownership after they bought it for £3350 in 1960 from the liquidators for Mort’s Dock and Engineering Company.
Cathy’s identity has been a closely guarded secret by Cobden & Hayson’s Danny Cobden since it sold last October after just 11 days on the market, making her the largest private landholder on the Balmain peninsula.
Byron Bay mansion loses one level after complaints Being uber-wealthy doesn’t mean you get to build whatever you want in Byron Bay. Just ask business mogul Scott Didier.
News by Brenden Hills
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Subscriber only When business mogul Scott Andrew Didier wanted to build his dream beach house at Byron Bay, he had to make a few sacrifices - like lopping off a whole storey - to appease the local council and his wealthy neighbours. Mr Didier s company, Trump Investments, bought one of the properties on Brownell Drive, which is just a stone s throw from the playground of the rich and beautiful, Wategos Beach.
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