{"id":40314,"date":"2022-09-26T18:04:43","date_gmt":"2022-09-26T05:04:43","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40314"},"modified":"2022-09-26T18:06:52","modified_gmt":"2022-09-26T05:06:52","slug":"rags-to-riches-story-ends-in-30-million-house-sale-in-point-piper","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/rags-to-riches-story-ends-in-30-million-house-sale-in-point-piper\/","title":{"rendered":"Rags-to-riches story ends in $30 million house sale in Point Piper"},"content":{"rendered":"

PHOTO: Point Piper<\/strong><\/p>\n

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Peter Placek escaped the Soviet occupation of Czechoslovakia in the 1960s only to arrive in Australia with virtually nothing, making ends meet by playing jazz at RSL clubs.<\/p>\n

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Millennials plan \u2018most expensive house in Australia\u2019 on $99.5 million Point Piper site<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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The former rag trader-turned-importer has not done too badly since, with word this week he has sold his Point Piper<\/a> waterfront house for about $30 million.<\/p>\n<\/div>\n<\/div>\n

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Placek\u2019s rags-to-riches story was first profiled in the late 1980s in\u00a0The Sydney Morning Herald,<\/em>\u00a0although his business interests are now focused on his kitchen and bathroom finishes business IDW Design.<\/p>\n

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Point Piper waterfront \u2018Akuna\u2019 with rare \u2018pagoda\u2019 boathouse sells for a MASSIVE sum<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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Records show Placek purchased the three-level house with four bedrooms, a pool and private jetty on prized Wolseley Crescent in 2008 for $10.5 million from International Publishing Group chief Philip Greader.<\/p>\n<\/div>\n<\/div>\n

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\"Peter
Peter Placek arrived in Australia in the 1960s with virtually nothing and by the late 1980s had made his name as a successful ragtrader. Photo: Fairfax Media<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n
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It was a trade-up at the time from his former Bellevue Hill home that sold in 2005 for $8.35 million (that house resold last year for just shy of $20 million).<\/p>\n<\/div>\n<\/div>\n

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Gag orders on Placek\u2019s latest sale mean the exact price and buyer will be left to settlement, but sources say the deal was negotiated by The Agency\u2019s Steven Chen, who was tight-lipped on the deal.<\/p>\n

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Businessman Michael Zammit lists Point Piper home for $40m<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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Placek\u2019s son and IDW Design co-director Martin Placek bought an apartment a few doors along on Lady Martins Beach last July for $4.73 million from magazine maven Deborah Thomas.<\/p>\n<\/div>\n<\/div>\n

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The eastern suburbs\u2019 trophy home market has been in a cycle of self-inflicted starvation in recent months as potential vendors opt out of selling because they can\u2019t find anything to buy.<\/p>\n

\"Nando\u2019s\"<\/a><\/div>\n
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Nando\u2019s chicken billionaire Richard \u2018Dick\u2019 Enthoven sells Point Piper waterfront for $21.8m<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n

READ MORE VIA DOMAIN<\/a><\/p>\n

MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n