Financial executive and real estate behemoth John Symond, founder of Aussie Home Loans and known by his nickname "Aussie," has sold his Elizabeth Bay apartment for A$7.25 million (US$5.3 million), property records show. Mr. Symond, 70, owns many trophy properties in Australia, and this apartment is one of three units that he owns in the building, the other two he reportedly purchased in 2011 and 2012 for A$4.1 million (US$3 million) and A$2.9 million (US$2.1 million), respectively. Last year, he reportedly sold his Point Piper penthouse for A$13.5 million (US$9.9 million).
Jason Boon, a director at Richardson & Wrench Elizabeth Bay, revealed the off-market sale of Symond’s Elizabeth Bay apartment via social media.
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The property last traded in 2014 for just over A$6 million, according to property records obtained by domain.com, which gives Mr. Symond an impressive A$1 million return on investment on the apartment. Mr. Symond’s net worth is estimated at $621 million according to the Financial Review Rich List.
The apartment is equipped with a marble gas fireplace, heated floors, and a full-width balcony. According to the listing, its recent restoration included a "bespoke fusion of glass, marble and timber" combine to create a palatial apartment.
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Mr. Symond has been unloading his Australia properties since he and his wife, Amber McDonald, 46, started spending more time in England in recent years. Mr. Symond and Ms. McDonald reportedly own a home in the affluent Knightsbridge neighborhood of London. Mr. Symond could not be reached for comment.
Domain.com first reported the sale.