This article is from the Australian Property Journal archive
CEO and founder of Bell Partners accounting firm, Anthony Bell has sold his five-bedroom coastal home for $20.78 million in a new suburb record for Dover Heights.
Located on a 1,062sqm clifftop site, the two-storey home boasts a deck with an infinity edge pool to take advantage of the views of the Pacific Ocean, plus 4.5-bathrooms and parking for four, with the five-bedrooms including a private teenager’s/nanny’s wing features its own entrance.
The new owner was identified as Melbourne-based Guanda Hu, with Luke Hogan and William Manning from McGrath helping to negotiate the deal.
Bell purchased the house back in September 2017 for $11.5 million from TV host Larry Emdur, with the property previously sold for $6.8 million in 2011 and $7.1 million in 2007.
The sale comes shortly after Bell snapped up a new investment property, spending $9.65 million on a Rose Bay apartment.
The new record smashes the previous benchmark set in Dover Heights just a month ago, in the $16.8 million purchase of a six-bedroom house at 39 Portland Street by entrepreneur Lili Shi who brought Gong Cha tea to Australia.
While Sydney is traditionally seen as the top spot for prestige property prices in Australia, Perth’s prime residential property prices were the star of Knight Frank’s latest Prime Global Cities Index, after a 3.7% increase over 12 months on par with Sydney.
Sydney did once again top the prime rental market, recording 13.9% of growth and outpacing of 15 global cities on, according to Knight Frank’s Prime Global Rental Index (PGRI) for Q2 2024.
