Malouf kept quiet about the deal this week, which will leave a deal to reveal the Jandegians’ purchase price, likely confirming it as the suburb’s highest sale so far this year.
Woollahra hyperinflation
When Bathers’ Pavilion owner Ian Pagent and his wife, Maryanne, bought the Woollahra home of Skye Leckie and the late TV titan David Leckie a year ago for $17 million, property watchers considered a result impressive at the time, given the windfall the charity queen offered.
The Pagents bought the Woollahra home for $17 million last October and recently sold it for $20 million.
After all, the Leckies paid $9 million five years earlier, effectively making a $1.6 million capital gain each year.
So what to make of the Pagents selling less than a year later for $20 million, with no upgrades to speak of?
Certainly the buyers, rag dealers Jonathon and Jill Ind, have profited from their own trophy deals, selling their Double Bay waterfront home to former panache Ian Malouf as a home for the children. Sigh.
The Agency’s Ben Collier offered no comment, despite negotiating the quick resale on behalf of the Pagents to Mosman.
The Pagents have paid $19 million for the Clifton Gardens home of former recruiting chief Katie Adamo and prominent dentist Daniel Adamo, making the Adamos their own $4.5 million capital gain in their two years of ownership.
Brad Orgill’s Clifton Gardens home is for sale with a $10 million guide.
The Pagents’ arrival at Clifton Gardens comes just in time to fire neighbor and former UBS boss Brad Orgill, who recently bought a $3.5 million property in Walsh Bay.
Former UBS boss Brad Orgill is selling Clifton Gardens for $10 million.Credit:Bryan Charlton
Ray White Mosman’s Geoff Smith has a $10 million guide to Orgill’s house, nearly double the $5.275 million he paid for it in 2015.
Orgill will also be spending more time on the South Coast, where he bought a Saddleback Mountain property called The Lookout Farm a few years ago for $4.775 million.
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