The 27 year old who bought corporate lawyer Grant Fuzi's $13m Point Piper home

When Title Deeds heard the buyer of the Point Piper home of Blue River’s co-chief executive Grant Fuzi and his wife Naomi was a local from down the road, there was no shortage of intrigue.

D’Leanne Lewis of Laing + Simmons Double Bay was no help given her firm “no comment”, but settlement eventuates for almost all transactions and in this case has revealed the $12.9 million buyer as budding developer Jack Junhua Lin.

Lin has been a Point Piper home owner since 2016 when aged all of 24 he bought his first home, the $8 million apartment in the Sienna waterfront building of former supermodel Kristy Hinze-Clark and her billionaire hubby Jim Clark.

Three years later and Lin’s newly purchased Alex Tzannes-designed residence on Australia’s most expensive street is a handsome upgrade for the now 27-year-old son of property investor Victor Lin, chair of the Terrey Hills Golf and Country Club and shareholder in live animal exporter Aus-Sino Trade Alliance.

The six-bedroom residence was a no-expense-spared rebuild more than a decade ago after the Fuzi family bought the 880 square metre property for $2.7 million in 2001 from the late Holocaust survivor Braham Stern and his wife Barbara.

Fuzi is the former head of Allen & Overy who five years ago ditched his legal career to co-found the impact investment services firm Blue River Capital with Macquarie’s former global group treasurer Craig Shapiro.

Ibrahim buys into Bellevue Hill

Michael Ibrahim, the former KPMG Consulting partner who sold his Vaucluse home last year for $31 million, has found suitably upscale replacement digs, buying the Bellevue Hill mansion of Multiplex heir Andrew Roberts and his wife Andrea.

Thanks to well-placed sources, all that remains unknown about the Roberts sale is the sale price given no comment from Sotheby’s Michael Pallier, but it is expected to eventually settle at close to the $18 million asking price.

Ibrahim and his former Vaucluse neighbour, construction boss Peter Comino, sold their houses for just shy of $55 million last year to press scion and budding property developer Alexander Ma to make way for three luxury residences.

Baillieus bid farewell to landmark house

Rothschild Australia chief Marshall Baillieu and his wife Michelle have sold their landmark Paddington property, Hargrave House, for $7.5 million to Capital 333 head Alan Murray and his wife Sally.

The sale comes a year after the Baillieus bought the Bellevue Hill estate of their Hordern family relatives for $21.25 million, ensuring that the 1934-built and Leslie Wilkinson-designed mansion is retained by the forebears of pastoralist Sir Samuel Hordern and Clive Baillieu of the political and stockbroking family.

The free-standing Victorian Paddington residence last traded in 2006 for $4.275 million when sold by then Citigroup analyst Jason Smith and his wife Jodie, and a redesign by architect Michael Robilliard followed about a decade ago.

The Baillieus listed it late last year with The Agency’s Ben Collier, who sold the Murrays’ Point Piper home for $6.2 million to Lucy May, former wife of hotelier Ben May in 2016.

Provans set Palm Beach a-buzz

Bell Financial chief Alastair Provan and his wife Jan have bought another Palm Beach weekender for $5.2 million next door to a hilltop getaway they already own, leaving locals stumped as to what the couple are planning.

LJ Hooker Palm Beach’s Peter Robinson isn’t saying, if he knows, but theories on offer include knocking it over to create an extra 917 square metres of garden, creating a “guest house” or as an alternate weekender.

The Provans have owned on Bynya Road since 2004 when they bought a double block for $4.3 million from the late Ten director John Studdy and his widow Marie-Christine “Kiki” Studdy, no doubt as an escape from their $8.8 million double apartment spread in The Residence.

Still combing through Palm Beach records, former Elle Australia editor Justine Cullen and her husband Hayden Guppy have bought a $2.02 million house from interior designer Justine Hugh-Jones.

The purchase, also through Peter Robinson, follows Cullen and Guppy’s sale of their $1.7 million Avalon Beach house.

Ringing in the changes

The South Australia-based tech entrepreneur Simon Hackett has sold his Sydney bolthole for $9 million on the Kirribilli waterfront.

The iiNet former board member bought the adjoining apartments for a total of more than $5 million in 2014 when he was on the board of the NBN, of which he resigned two years later to be replaced by Perth-based iiNet founder Michael Malone.

The apartment was sold by Ray White Lower North Shore‘s David Gillan and Bernard Ryan.

Long-held stud hits the market

The Picton cattle stud of the late orthopaedic surgeon Basil Ireland is up for grabs for the first time in almost half a century for $9 million to $12 million.

Ireland, who died last year aged 91, was a long-time Double Bay local, having bought his beachfront home for $200,000 in 1978 from artist and former model sisters Princess Nike Arrighi Borghese and Luciana Chetwynd, daughters of the late Italian diplomat Ernesto Arrighi.

Having purchased the property Montpelier in 1971, Ireland added 25 hectares to the poll hereford stud 25 years ago.

What is now a 150-hectare property is listed with David Nolan, of Webster Nolan, and 1st National Gerard Smith.

Sizing it up in Southern Highlands

Bowral trophy owner Wallis Wu, scion of Chinese real estate mogul “Frank” Po Sum Wu, has doubled the size of her Southern Highlands property, snapping up the country homestead next door for $3.2 million.

The purchase totals $11.4 million worth of prime highlands real estate to the Wu family name after she bought the Bellagio estate next door in February for $8.2 million.

The latest purchase makes four hectares owned by Lam Li Wu and Wallis Wu, the latter of whom sits on the board of the Hong Kong-listed giant Central China Real Estate.

Abrams goes to market

Nightclub entrepreneur Adam Abrams has set a June 27 auction on his Potts Point pad after he and his wife Natasha bought a North Bondi house for $3.725 million recently.

Abrams bought the two-bedroom spread in the Manhattan building in 2011 for $1.285 million almost a year after he and Julian Tobias launched their iconic floating venue The Island.

Abrams, who has added the Matteo restaurant in Double Bay to his hospitality ventures since then, has listed it with Jason Boon, of Richardson & Wrench Elizabeth Bay, for $1.9 million to $2 million.