Nicole Kidman buys into the boom, paying $2.78 million for a Milsons Point pad

Nicole Kidman looks to have made good on her time living back in her hometown of Sydney with her husband, Keith Urban and their daughters, buying the apartment below her Milsons Point penthouse for $2.78 million.

Or rather, corporate interests linked to the Oscar winner have bought the two-bedder sub-penthouse in the landmark Latitude building.

Kidman has owned in the Mirvac-developed building since 2009, when she paid about $6 million for the penthouse of Wizard Home Loans founder Mark Bouris and bought the adjoining penthouse in 2012 for more than $7 million to consolidate into a mega-apartment.

In 2011, another apartment in the building was added to her property portfolio for $2.68 million amid suggestions locally it was to be used as Kidman and Urban’s private gym.

But Kidman hasn’t owned property in her own name since 1993 when she gifted a one-bedroom apartment she bought in Mosman for $81,000 to her younger sister, Antonia.

Her four apartments in the Latitude building, like her Southern Highlands farm Bunya Hill, are all held in company names, of which the current sole director and owner on paper is Annette Rechner, a supporter of the UTS mental health unit Kidman Centre, established by Kidman’s late father, Professor Antony Kidman.

Kidman’s latest acquisition was previously owned by entrepreneur, architect and philosopher Francis Fong, who bought it new in 2007 from the developer Mirvac for $1.05 million.

Records show it was listed for auction by Di Jones’s Nigel Mukhi before it sold.

It is in the building’s prized north-east corner below the penthouse sold earlier this year for $7.65 million by billionaire pub magnate Chris Morris and his wife, Sharron Sills, who copped a loss on their $8 million purchase of it in 2017.

Renovations are currently underway on the Kidman penthouse, and the family are currently living in a waterfront residence in nearby Longueville.