News Corp boss Michael Miller lists his $5.5m Bellevue Hill home

News Corp Australasia executive chairman Michael Miller has put his luxury Bellevue Hill home up for grabs for $5.5 million in time for Saturday’s official start to the spring selling season.

The sales campaign comes amid rumours Miller and his wife Tonya are upgrading their home to buy into the well-heeled suburb’s double-digit market.

Miller’s move up the property ladder comes three years after he was appointed to the media organisation’s top job and given a seat on the board of News’ majority-owned property group REA.

Miller’s selling plans were confirmed exclusively with Domain last week ahead of the launch of its sales campaign this week.

The three-storey house opposite Woollahra Golf Club was designed by Sue Whelan Architects about 15 years ago before it was sold to the late Macquarie Bank chairman David Clarke in 2005 for $2.85 million.

The Millers purchased it in 2010 for $3.95 million, the same year they sold their former townhouse in Rozelle for $1.55 million.

“After eight years and a significant renovation of their O’Sullivan Road home, the Miller family is on the lookout for their next property project,” said a News Corp spokeswoman.

“They have begun the hunt for a property in the eastern suburbs, close to schools and the Eastern Suburbs Rugby Union Club.” 

The five-bedroom house on 557 square metres with a pool goes to auction on September 22 through Michael Pallier, of Sotheby’s International.

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While it’s understood the Millers have not yet bought, their new home is expected to sit in the shade of one of Bellevue Hill’s most expensive homes, the Le Manoir estate purchased by Miller’s boss and anointed heir to the News Corp empire Lachlan Murdoch in 2009 for $23 million.

News Corp chief financial officer Susan Panuccio is a fellow local home owner, having bought her four-bedroom house in 2013 for $4.875 million.