It’s hard to fathom amid the current Sydney sales euphoria, but a trophy home in Hunters Hill has sold at a $750,000 loss.
The former Goldman Sachs investment banker Chris Barter and his wife, Katrina, have taken the hit when selling their $17.25 million Hunters Hill abode after three years ownership.
Historic Bulwarra held the Hunters Hill house record, when the Barters bought the stylishly updated 1877 mansion in 2017 for $18 million from theatrical couple Cate Blanchett and Andrew Upton, who now reside in the UK.
The on-sale of Bulwarra has been confirmed with the purchase by expatriate lawyer Brooke Lindsay, general counsel at United Arab Emirates telco Etisalat, whose partner is Marcus Hill, a senior executive at the Abu Dhabi Investment Authority.
The Barters have made the move to Mosman where they secured the $21.5 million clifftop home sold by KPMG special adviser Max Donnelly and his wife, Fiona.
The Donnelly’s had listed it two years ago for $22 million, so there are also swings and roundabouts when it comes to ambitions and actual sale prices.
Blanchett knows that feeling, too, as in 2015 she thought she’d sold Bulwarra on the Lane Cove River for $19.8 million. But her mysterious buyer Richard Gu pulled out of buying the extended sandstone home due to problems getting funds out of China.
The creative couple bought the 3600sqm property in 2004 for $10.25 million from merchant banker Jim Dominguez and his wife, Suzanne who’d bought it in 1982 for $700,000.
They wanted $15 million in 2002.