Amid Sydney price downturn, property magnate John Gobbo sets inner west record of $14.25m

PHOTO: The Abbotsford suburb-high was reset earlier this year when pro golfer Craig Parry sold for almost $10 million.

Property investor and developer John Gobbo has long managed to keep a low profile on the Sydney property scene, despite selling scores of house-and-land packages over the years.

But that has changed thanks to his recent $14.25 million purchase of a waterfront mansion with a private jetty in Birchgrove that has topped all previous inner-west records.

Gobbo recently bought the waterfront mansion of healthcare boss Jayne Shaw, who bought it two years ago for $11.75 million and had since renovated it.

The resale of the property reclaims the record for the Balmain peninsula after the Drummoyne waterfront home of hotelier and race car driver Rod Salmon sold a few months later for $12.2 million.

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