Waimea House $8.5 million sale to Greg Woolley sets Tasmanian residential record for second time in nine months

Waimea House, a Federation Arts and Crafts-style residence in Sandy Bay, Tasmania has been sold for a record $8.5 million in a late 2011 deal that has stunned the island’s estate agents.

It had only been sold nine months earlier in 2011 for a record $6.06 million.

Its latest buyer is the low-key investment banker Greg Woolley from Point Piper, Sydney. He was born in Hobart in 1973 and is understood to have admired the home since childhood.

Its fortunate seller-turned-property flipper was the Sydney property developer Piers Dawson-Damer and his wife, Kim, who’d moved to Tasmania after selling their Rose Bay, Sydney home.

Many regard the landmark property as occupying the finest position in Hobart, with harbour views and complete privacy.

The property had previously been in the Nettlefold family ownership for 70 years until sold in early 2011.

The prominent Hobart family had consolidated a four-block amalgamation.

The Sandy Bay property was marketed as Hobart's most prestigious and distinguished residential estate by Brian Watchorn of Charlotte Peterswald for Property.

It sits on a 9,726-square-metre-holding with a pool, tennis court, and a smaller second residence with Art Deco influences.

Woolley, a former Macquarie Bank executive, has specialised in leasing, primarily overseeing the Melbourne Liberman family's aircraft leasing business, Global Aviation Asset Management.

Last August the Greg Woolley-led Global Aviation Asset Management was sold to US-listed Fly Aviation Leasing.

It was reported Woolley netted $42.5 million in proceeds.