Artist Tom Arthur downsizes to Balmain after record $5.05 million Newtown sale
A $5.05 million Newtown record has allowed artist Tom Arthur and wife Sandra to downsize to Balmain.
Their home, the former Masonic Hall on Station St, was bought by WiseTech Global exec Brett Shearer and wife Bronwyn, who were upsizing from their $2.84 million Stanmore home.
The Arthurs have spent $2.8 million on a newly constructed Balmain terrace, one of just six in the Parkes Residence development, a project based around the conversion of a historic mansion on the fringe of Punch Park. The two level smart home spanning 210 sqm has three bedrooms all with ensuites.
It’s in the same development Hollywood actor Rebel Wilson paid $1.88 million for as an off the plan investment in 2015, getting a two-bedroom, two-level apartment spanning 15 0sqm.
The Arthurs spent more than three decades at the former Masonic Hall.
The 1930s property, which featured an artist’s studio on its basement level, cost $255,000 in 1987.
This article was first published in the Sunday Telegraph.