Rupert Murdoch’s cousin has a history with some of our finest homes, outside of the Point Piper residence which he sold 20 years ago for a then-record $28 million.
He rented the historic Caerleon mansion in Bellevue Hill and Bronte’s Bronte House, and was last mentioned on local titles in 2017 when he sold his Southern Highland retreat Wattle Ridge for $8.25 million (just to watch Mike Cannon -Brookes it four years later for $12 million).
The newly purchased two-storey spread of Handbury and Strang was advertised by Julian Hasemer of 1st City featuring interiors by the late designer Garth Barnett. It is the top half of a duplex developed in 2003 by financial broker Adam Tilley for his ill-fated investment on the Point Piper waterfront with convicted murderer Ron Medich.
Steve Bellotti makes a comeback on the market
Former ANZ head of global markets Steve Bellotti will return his Mosman trophy to the market after announcing plans to return to the US later this year.
This is the landmark designer that overlooks Taylors Bay and was rebuilt in 2016 to a design by architect Shaun Lockyer. It was listed for more than $35 million two years ago, just as the pandemic rattled economic markets.
It would have been sold too, were it not for Bellotti. As Atlas’ Michael Coombs says, it was pulled out of the negotiations given Bellotti’s surprise return to Australia.
Crypto investor Bellotti, who chairs Token Capital Management, has re-offered it to Coombs, who is expected to launch it on real estate sites in the coming week for about $36 million.
Wang’s $130 million spree
Little-known real estate investor from China, “Tony” Tong Wang, has become the record $22.2 million buyer of Neerim House in Castle Cove owned by Chinese superstar Tong Liya and film director Chen Sicheng.
Craig Ireson’s home sale of McGrath marks an official end to the union title records of two of China’s most high-profile celebrities, even if it’s believed the couple have never stayed at the property since purchasing it in 2018 for $15.05 million.
Tong and Chen have been making headlines in China since Tong announced their divorce to her 40 million Weibo followers last May. Within hours of the post, their divorce was the subject of Beijing censors, and more recently, Tong has been romantically linked to senior Beijing official Shen Haixiong.
While Wang remains a mystery to the handful of agents who have dealt with him in recent years, company records show that he is the director and sole owner of 18 companies founded in the past 18 months.
A handful of those companies have made significant real estate purchases totaling more than $130 million in the past year, including homes in Mosman and Castlecrag, industrial warehouses, Neerim House and the $70 million purchase of the historic Haymarket building that once long stood the was home to the Mandarin Club.