🏆 Trophy House Tuesday

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Trophy Home Tuesday
May 13, 2024

If you’re new around here, every week I share the biggest property deals I saw in the past 7 days in Australia + give you a little insight on how they got rich.

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🏆 Banker & art collector duo list their tri-level pad for $15-16m

(NSW Clareville | 4 bed | 3 bath | 2 car)

How’d they get rich? Simon Mordant started the boutique advisory shop Caliburn which he later sold to the US-based investment bank, Greenhill for $200m.

What else?

  • Mordant’s running the same playbook again, having started another boutique advisory shop in 2015 called Luminis Partners.

  • In 2017, Luminis sold a 19% stake to Evercore, a different US-based investment bank this time aka Greenhill’s nemesis.

View the listing here.

🏆 The OG’s of AI buy a $12.5m penthouse

(NSW Cremorne Point | 4 bed | 3 bath | 2 car)

How’d they get rich? Chris Vonwiller and Julie Vonwiller are the cofounders of Appen — the ASX-listed company that helps companies like Google and Amazon train their AI models… or at least it did.

What else?

  • Appen’s been crushed as it keeps losing contracts with its Big Tech customers who are bringing the work Appen once did in-house.

  • In 2020, the Vonwiller’s sold 2m shares for ~$60m when Appen had a market cap of over $5bn. The company’s market cap is now only $140m.

View the listing here.

🏆 Cotton On CFO puts their Armadale house on the block for ~$13m

(VIC Armadale | 5 bed | 4 bath | 6 car)

How’d they get rich? Michael Hardwick’s been the CFO of Cotton On — a business that his brother Ash Hardwick helped get off the ground.

What else?

  • Hard to say how much the privately owned Cotton On empire is worth — and how much equity Michael Hardwick holds.

  • But the company did about $2.2bn in revenue last year across its brands which includes Typo and Supre.

View the listing here.

🏆 Finance dude sells Bellevue Hill mansion for $23m

(NSW Bellevue Hill | 6 bed | 5 bath | 3 car)

How’d they get rich? Damon Hambly’s jumped around from Macquarie to Natixis to now serving as the CEO of equities fund, Investors Mutual.

What else?

  • The home was designed by Luigi Rosselli Architects.

  • And the couple selling — Damon Hambly and wife Philippa Haydon — love the architects so much they sold this just to buy another Luigi-designed place for $16.5m in Woollahra

View the listing here.

Other Deals

  • $40m Rose Bay pad is listed on the market (NSW | 5 bed | 5 bath | 4 car)

  • $35m waterfront house sells to an undisclosed buyer in Manly (NSW | 5 bed | 4 bath | 2 car)

  • $12.5m worth of properties added to Mike Cannon-Brookes portfolio (NSW)

  • $12-15m estate in Bedfordale goes under offer (WA | 4 bed | 4 bath | 6 car)