Billionaire chicken heiress's record-breaking Point Piper sale
The wife of the late Ingham chicken billionaire Jack Ingham has sold her luxury penthouse for the highest apartment price ever in Point Piper.
Sue Ingham's extraordinary $29.5m sale of her luxury whole-floor apartment with incredible iconic views at 6/6 Buckhurst Ave obliterates the previous $20m apartment record for Australia's most exclusive suburb.
The talk is that McGrath Double Bay's Luke Hogan and William Manning are responsible for the massive off-market price, though they refused to discuss it when contacted.
They're also rumoured to have been behind Sue Ingham's recent $16m purchase of the four-bedroom penthouse in the luxury Piper project in nearby Wunulla Rd.
Piper, developed by Fortis Property Group in conjunction with Dare Property Group, is nearing completion so Ingham is no doubt looking forward to moving into her new home, which has a private pool, next month.
She's owned her 450sqm Buckhurst Ave apartment, which has four bedrooms, four bathrooms and a four-car garage, since 2010, when it was purchased for $12,245,000.
It's in a boutique waterfront block of just six known as Point Piper House, that has direct access to Seven Shillings Beach and also features a private pool overlooking the incredible harbour view.
The pictures also show a lift opening directly into the top-floor apartment, a gym. magnificent outdoor terraces, and large open-plan living spaces with lavish finishes.
Her late husband, Jack, with his brother Bob, inherited a small chicken business in 1960 and turned it into a hugely successful business enterprise.
Known as 'Big Jack', he and Bob were also co-founder of the largest thoroughbred racing and breeding operation in Australia.
He passed away in 2003.
Jack's daughter Sue Ingham (to an earlier wife) sold her 'private sanctuary' in Darling Point for $14.05m last November via Highland Double Bay Malouf director David Malouf.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ABC News
18 minutes ago
- ABC News
Santos share price nudges higher amid scrutiny of $36 billion takeover bid from a UAE-led consortium
EnergyQuest chief executive Rick Wilkinson says the Santos takeover proposal is illustrative of a consolidation trend within the sector as players look for scale and move into new markets. #ABCBusiness
News.com.au
41 minutes ago
- News.com.au
State of Origin: growing number of Queensland residents have NSW landlord
Queensland Origin supporters might be advised to rein in their celebrations if their team is victorious in this year's NRL showpiece. New figures reveal NSW residents have acquired an unexpected source of leverage over their Queensland counterparts, one that could inflict a surprising amount of economic pain. The Westpac research indicated that if you live in Queensland there's a good chance you have a NSW landlord. NSW investors are already ahead on the scoreboard when it comes to property in the Sunshine State. Westpac lending data showed nearly a quarter of investment properties in Queensland are being purchased by residents of NSW. The rivalry isn't mutual. Just one per cent of NSW investment properties are being bought by Queenslanders, with much of that interest concentrated in a single market: Bondi. There's another trend giving NSW an edge: Origin games in Queensland have historically been very difficult for NSW to win given the overwhelming home crowd advantage in Suncorp Stadium, among other things. That's changing. ABS figures indicate southeast Queensland has been the favoured target for Sydneysiders wanting a more affordable lifestyle. Brisbane, Gold Coast and Sunshine Coast all abound with newly settled former Sydneysiders whose allegiances likely remain with The Blues. Sydney accounts for 67 per cent of all outbound capital city migration across the country, with southeast Queensland the overwhelming favourite for the nearly 320 Sydneysiders leaving per day. Westpac director of mortgages James Hutton said Queensland homes and the state housing market were being increasingly dominated by NSW property buyers, particularly investors. This meant cashed up NSW investors – often on higher salaries – competing with local home buyers and becoming landlords in Queensland. 'While the Maroons and Blues battle it out on the field, NSW investors are making their move on the Queensland property market,' Mr Hutton said. 'It's a strategic move for savvy NSW investors. Queensland offers strong rental yields and relative affordability — fuelling a consistent flow of NSW residents purchasing investment properties in the state over the past two years.' With infrastructure projects booming and population growth on the rise, Queensland is proving to be more than just a holiday destination — it's a serious investment hot spot. NSW investors are also showing a strong preference for regional Queensland, with Mackay and Gladstone leading the charge, followed closely by Ipswich, west of Brisbane. 'The popularity of regional centres like Mackay and Gladstone reflects their affordability and strong rental yields,' Mr Hutton said. 'NSW buyers are playing both sides of the field – investing in Queensland while holding firm at home.' Westpac senior economist Matt Hassan said the NSW surge into Queensland followed a rise in investor activity nationally. 'Nationally, investors accounted for more than a third of new loans during the past year, compared to about a quarter during Covid,' he said. 'Many are moving ahead on plans previously on hold due to cost of living constraints, with lower interest rates and the prospect of more rate cuts an added drawcard.' Mr Hassan said NSW investors were branching out to new Queensland destinations. 'Investor interest in Queensland is shifting,' he said. 'While the Gold and Sunshine Coasts remain popular, Mackay, Gladstone, Toowoomba and Townsville have all seen a surge in interest, and some of the strongest price growth nationally over the past year. 'Low vacancies and solid rental yields are clearly part of the appeal of these regional hubs.'
ABC News
an hour ago
- ABC News
Australia's most valuable export, iron ore, is getting much less valuable
Iron ore is Australia's most valuable export, but declining demand from Chinese steel mills and trade uncertainty are combining with growing global production to send prices lower.
