Australia’s new billionaires’ row revealed

That is the place Australia’s tremendous rich now need to reside and the approach to life they need to get pleasure from.

Tamarama is quick changing into a coastal Level Piper, with one other massive cash man shopping for a $20m residence and planning to rebuild.

In latest weeks, Akuna Capital CEO Andrew Killian has been noticed at 3 Gaerloch Ave, Tamarama with rugby league star turned purchaser’s advocate Craig Wing and designers.

Why this humble townhouse offered $2m over reserve

The customer might be been revealed as Akuna Capital CEO Andrew Killian.

The present residence has an enormous out of doors terrace on the rear.

It’s the view that units it aside.

And Friday’s settlement reveals Killian because the purchaser of the Gaerloch Ave duplex that offered by way of Simon Exleton of Pillinger in April.

It’s understood Killian plans to knock down the duplex, beforehand owned by Mike Charlesworth, former proprietor of The Central Coast Mariners and now CEO of London-based Mediatel, and construct a brand new residence for himself on the 400 sqm block to capitalise on the dream ocean views

Australian promoting government and founder and chairman of Droga5, David Droga has spent loads to reside on billionaire’s row. Picture: Nigel Barker

Roosters NRL premiership winner Craig Wing is shopping for up within the space.

Killian, the previous Chicago-based derivatives dealer, arrived again in Australia in 2020, having bought the previous Vaucluse Rd, Vaucluse mansion of businessman Alex Ma for $30m.

That is still in his title, and is believed to be occupied by his now ex spouse.

Killian’s future residence in Tama is throughout from the previous Californian bungalow Lang Syne that offered for $45m final Might, purchased by New York-based adman David Droga, who’s constructing a Luigi Rosselli-designed residence on the location that Exleton has predicted can be price $100m when full in 2026.

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It’s habitable as is, however no shock that the duplex has a date with a wrecking ball.

Pillinger’s Simon Exleton has offered 4 out of the 5 of the highest-priced beachside gross sales in 2024, three of them in Tamarama.

The billionaire fund supervisor, Will Vicars, purchased a humble semi at 23 Gaerloch Ave panoramic 180-degree views of the ocean for $11m in late 2022. He additionally owns 7 Gaerlich Ave, purchased for about $9m.

And environmentalist investor Justin Punch and Patty Akopiantz, who’ve their Carlisle St residence up for public sale subsequent Saturday with a $9m information by way of Exleton, are at the moment rebuilding 9 Gaerlich Ave by way of Madeleine Blanchfield Architects, bought for $10.5m in 2021.