Tina Arena seeks $7m exit from Toorak mansion

Tina Arena seeks $7m exit from Toorak mansion

John McGrath, founder and executive director of McGrath Estate Agents at his office at Pyrmont. Picture: John Feder

International singer Tina Arena has listed her Toorak mansion through Melbourne agent Jeremy Fox, of RT Edgar. Arena, who has long lived in France, paid $5.733m for it three years ago, according to CoreLogic. This time the price guide for the fully renovated house which was built nearly 100 years ago is about $7m. Fox declined to comment but he is running an expressions-of-interest campaign ending in December.

Pride of 1887

The outer Sydney suburb of Lidcombe, 15km west of the CBD, features some surprisingly grand residences according to celebrity agent John McGrath, whose agency McGrath Estate Agents has just listed an 1887-built home with price expectations of $2.5m. Designed by NSW colonial architect James Barnet — who also designed Sydney’s Custom House, GPO and the Callan Park Lunatic Asylum — the property is set on a 998sq m block. Fully renovated, the Brooks Street house features a fireplace in the kitchen, five bedrooms, three bathrooms and is being auctioned on November 18 through McGrath Leichhardt agent Alexandra Stamatiou-Buda and her McGrath Bankstown colleague George Kapos. The vendors, Sylvia and Paul Sant, are making a tree-change to the NSW Southern Highlands where they operate a bed and breakfast. Architects Allen Jack + Cottier worked on the adaptive reuse and heritage conservation of the building.

Penthouse Aims High

Sydney could be in line to set a suburban apartment record with the Thirdi Group’s Luke Berry looking to ask as much as $45m for the four-bedroom penthouse replete with private pool in his Kurraba Residences development atop a prominent peninsula overlooking the harbour. Sales of the 24 apartments, starting at $2.6m for a two-bedder and $4.5m for a three-bedder, start on Saturday. CBRE’s Ben Stewart and David Milton are handling the sales campaign of the complex which is already under construction. Many of the keen buyers are owner-occupier downsizers from Hunters Hill waterfronts and from Longueville who are keen to trade into a smaller dwelling but don’t want to lose their water views. There is also a smattering of foreigners interested from Singapore and Hong Kong. Eighteen of the 24 apartments have spectacular harbour views. Berry has taken heart from the strong market reaction to Kurraba Residences that he is bidding on a prominent site in Sydney’s eastern suburbs to develop a similar complex. As for retaining one of the Kurraba Residences himself he says someone else has already put an offer in on it!