🏆 Trophy House Tuesday - 21 May 2024

We summarise the epic home sales of the ultra-rich of Australia so you get a glimpse of how they live.

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🏆 Brisbane’s Justin Hemmes mini-me lists $12m+ penthouse

(QLD New Farm | 5 bed | 4 bath | 3 car)

How’d they get rich? Adam Flaskas and Ruby Lee list the property — the former being a sort of Brisbane-based mini-me of Justin Hemmes (aka he’s a property and restaurant developer).

What else?

  • Justin Hemmes and Adam Flaskas seem to have had a few run-ins as rivals trying to poach one another’s best chefs.

  • Adam Flaskas’s latest project looks to be Manly Wharf, having acquired the site for $80m last year.

View the listing here.

🏆 Surgeon lists his Lower North Shore castle for $18m

(NSW Henley | 6 bed | 4 bath | 10 car)

How’d they get rich? Dr Khalid Qidwai migrated to Australia in the mid-70s — running a successful day surgery in Croydon.

What else?

  • Dr Qidwai originally bought the house for a little under $1m back in 1986.

  • His wife was sadly murdered at the property in 2012 after a contractor bashed her to death.

View the listing here.

🏆 Laser Clinics co-founder is selling his cosmetically touched up $18m Mosman house

(NSW Mosman | 5 bed | 4 bath | 2 car)

How’d they get rich? Babak Moini co-founded and sold Laser Clinics to KKR for about $650m in 2017 — the company was doing about $50m in EBITDA.

What else?

  • Moini is selling the Mosman house to “downsize” into the $22m Crown Towers apartment he bought in 2021.

  • Meanwhile, his Laser Clinics co-founder is also living large in the Sydney property game having purchased a $69m pad in Point Piper.

View the listing here.

🏆 Rich listers sell Noosa Heads mansion for $30m

(QLD Noosa Heads | 4 bed | 4 bath | 6 car)

How’d they get rich? The mansion was sold by Richard and Mary Delaney who according to REA are rich listers — though nothing can really be found about them online.

What else?

  • The Delaney’s also bought two other properties on the street for $17m but have since sold off one of them for $13m

  • They reportedly also bought a 19ha lakeside property from the Betty’s Burgers co-founder for $10m in Lake Macdonald.

View the listing here.

Other Deals

  • $28m Bellevue Hill home sold (NSW Bellevue Hill | 5 bed | 6 bath | 4 car)

  • $25m harbourside home in Vaucluse with private gardens and pool looking for expressions of interest (NSW Vaucluse | 5 bed | 3 bath | 2 car)

  • $21m historic waterfront home in Double Bay is sold (NSW Double Bay | 5 bed | 4 bath | 3 car)

  • $18-19m Mosman home is listed by the owner of the Buena Vista Hotel (NSW Mosman | 5 bed | 5 bath | 3 car)

  • $18m waterfront home in Cremorne — owned by the ex-Pendal CEO — to go to auction (NSW Cremorne | 4 bed | 5 bath | 2 car)

  • $15-16m Parisian-style manor in Brighton up for sale (VIC Brighton | 5 bed | 7 bath | 6 car)

  • $15m Rose Bay property sold at auction (NSW Rose Bay | 4 bed | 5 bath | 2 car)

  • $12m Double Bay family home is sold by private treaty (NSW Double Bay | 5 bed | 3 bath | - car)

  • $11-12m South Yarra home — owned by the ex-Reece chairman — is seeking interest (VIC South Yarra | 5 bed | 3 bath | 3 car)

  • $10m+ Hambleton House is bought by Al and Rebecca Yazbek (VIC Albert Park | 11 bed | 4 bath | 3 car)

  • $10m Double Bay family home is going to auction in June (NSW Double Bay | 5 bed | 6 bath | 2 car)