Luxury property: Investor Julian Babarczy has swapped his Vaucluse trophy home for the Toorak pile of National Tiles’ Frank Walker, while AirTree’s Craig Blair sells in Clovelly.
While the sale price remains undisclosed, the property’s asking price had been discounted to $17 million before the recent deal.The main homestead features a soaring two-storey dry stone fireplace, double-height ceilings as well as a four-bedroom guesthouse and the capacity and facilities to run 100 head of cattle.
Selling agent Samuel Lindsay, of Drew Lindsay Real Estate, declined to discuss the sale specifics citing a non-disclosure agreement. However, the prestige agent did say the Southern Highlands’ top end was on the up. “There’s been a series of good sales,” Mr Linsday said. “While the market still seems a little patchy, there are signs it’s bottomed out and there’s a resurgence following on from Sydney’s price growth.”of luxury escape Arabel in Mittagong, purchased by Sydney-based businessmanGil Griffiths in her recently listed Mornington Peninsula home.Gil Griffiths, has hit the Mornington Peninsula market, guiding $11.5 million to $12.5 million.
The Main Ridge rural escape has been the home – and passion project – of Griffiths, who also practises out of the 11-hectare property located about an hour’s drive from Melbourne.Featuring a hotel-style pool, gym and vineyard, the four-bedroom property comprises a main homestead along with a separate pool pavilion – complete with wine cellar.
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