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Qantas CEO Alan Joyce lands $20 million sale, before time and above expectations
By Lucy Macken
Qantas chief executive Alan Joyce and his husband Shane Lloyd will most likely be toasting the high-end housing boom after they sold their Mosman waterfront mansion on Friday for well in excess of their $20 million guide.
The sale ends Joyce’s brief time among Mosman’s high-end home owners, having taken possession of the Federation mansion in May last year for $19 million.
The price remains undisclosed by Ray White Lower North Shore’s David Gillan and Geoff Smith, but a guide of $20 million was set a few weeks ago, and a source said it was expected to have sold for well in excess of that, given the deal was struck ahead of next week’s expressions of interest deadline.
Settlement will confirm if Joyce and Lloyd recouped not only the $1.2 million stamp duty, but the cost of new interiors by design firm Levine Vokaberg and high-end furniture included in the sale.
The 1908-built residence on Mosman Bay had already been renovated in 2015 by US architect Paul Moon and included luxury extras such as a home gymnasium, wine cellar, netted harbour pool, jetty and private berth.
In May, Joyce announced he was stepping down as head of the national carrier, to be replaced in November by chief financial officer Vanessa Hudson, and, soon after, sold $17 million worth of his Qantas shares.
Alan Joyce and Shane Lloyd bought the three-level residence on Mosman Bay for $19 million a year ago.Credit: Domain
Despite the makeover, Joyce and Lloyd decided to sell the Mosman house and instead buy a penthouse next door to theirs atop the Harry Seidler-designed Cove Apartments at The Rocks. Records show they paid $9.25 million in April, effectively doubling the size of their penthouse home.
The couple have done better than the average Mosman seller. Domain data shows the suburb’s median house price rose 0.3 per cent in the year to June, compared with the prior year, but the Joyce-Lloyd home jumped by more than 5 per cent in that time.
Alan Joyce announced his resignation as chief of Qantas in May, ending 15 years in the top job.Credit: Janie Barrett
The three-level house was previously owned by former foreign exchange dealer Alison Ethell and her sister Jane from 1993, before it was sold by Gillan and Smith last year.
It tops Mosman’s previous highest sale of the year of $19.5 million set two weeks ago by best-selling novelist Liane Moriarty.
Bellevue Hill runs hot
It seems every other week there’s another $30 million-plus house sale in Bellevue Hill. The latest deal is a contemporary Bruce Stafford-designed residence that was sold by the family of property developer Eduard Litver for $35 million.
Eduard Litver is the owner of property developer Capit.el Group.Credit:
The house is one of three built on what was previously the Sundorne estate that was long home to the late transport magnate Peter Abeles and his first wife Claire Dan, before it was owned in more recent years by Cranbrook School. The Litvers bought it in 2017 for $18 million.
The 677-square-metre property was sold off-market by Ray White Double Bay’s Elliott Placks and Adam Reichman to Woollahra philanthropic locals Fiona Martin-Weber and JB Were’s Tom Hayward.
Don’t be surprised to see the Hayward and Martin-Weber home on Woollahra’s Wallaroy Road hit the market in coming weeks with Ray White’s Placks.
It is the sixth sale of more than $30 million this year in Bellevue Hill. The first was in February by Westpac board director Tim Burroughs and the highest – for more than $70 million – was of the Leura estate purchased by flower businessman Leo Lynch.
Cronulla’s penthouse high
Childcare magnate and hotelier Martyn Downs and his wife Helena are set to list their Cronulla penthouse with a $15 million guide that is expected to reset local record books.
The six-bedroom penthouse atop Cronulla’s Glenavey building is set to hit the market for $15 million.
This is the three-level penthouse atop the Glenavey development the couple bought as a warm shell in 2016 for $4.6 million and undertook a major fit-out to create a six-bedroom home with pool, spa, sauna and steam room, all spread across 1000 square metres.
The penthouse is listed with Highland Property’s chief David Highland, who holds the previous high of $10.7 million set by a newly built apartment in the nearby Ozone development.
The Downses are largely based in the Southern Highlands, but also own a Woollahra house bought from John Laws two years ago for $3.42 million.
Andrew Fahey co-founded online bookmaker PointsBet.Credit: LinkedIn
Odds on Byron Bay
Online bookmaker Andrew Fahey and his partner Katrina Luland have listed their Byron Bay hinterland getaway in Myocum amid talk they have bought a knock-down rebuild on Byron Bay’s Clarkes Beach.
The PointsBet co-founder has owned the modernist-style residence, known as Las Palmas, for less than two years, buying it in late 2021 for $8.2 million and securing approval for a second residence and a tennis court more recently.
There is a guide of about $9 million through McGrath’s Will Phillips, who happens to be the agent who sold the $5.4 million digs rumoured to have been purchased by Fahey and Luland from former Macquarie Bank senior executive Anthony Panaretto.