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PHOTO: The property downturn hasn’t dimmed the fortunes of James Packer after he sold his Bondi Beach property for $29 million. Photo: Sahlan Hayes
James Packer has off-loaded his Bondi Beach bachelor pad for $29 million, making it Australia’s most expensive coastal home.
The bullish price was paid by father and son property investors Roy and Anthony Medich, who have made a run of prime real estate acquisitions in the past year.
The casino mogul has long been reluctant to part with the redundant property, despite listing it briefly in 2013 for $22 million and again two years later for $20 million. On both occasions it was withdrawn from sale soon after given Packer’s sentimental attachment.
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