Fashion entrepreneur Jodhi Meares helps her mother purchase Woollahra apartment

Former swimwear model Jodhi Meares has helped her mother Denise Macpherson downsize just weeks after finding her own $2.75 million Sydney bolthole in Watsons Bay.

The mother-daughter duo have bought a two-bedroom Woollahra apartment that cost $1.37 million.

It is in an art deco complex amid the popular village.

It was secured in a recent off-market transaction in the block made famous in the 1970s when its facade featured in the television ­series Number 96.

The apartment sits above the streetfront retail space that long traded as the Eva Breuer Gallery.

It is not the first time the mother-daughter duo have co-owned.

There was a two-storey Paddington terrace that was ­recently sold to an expatriate.

They had paid $900,000 for the Victorian-style Underwood St terrace in 2004 that fetched about $2.6 million.

Soon after her 1999 marriage to tycoon James Packer, the Tigerlily label founder made sure her mother was looked after, securing a $2.4 million St Thomas St, Bronte, home for her.

The house was offloaded for $3.41 million in 2003, a year after the divorce.

Meares has been busy in her own property dealings of late.

After selling a Point Piper apartment, the fashion entrepreneur bought back into the market with a timber Victorian Georgian-style fisherman’s cottage at Watsons Bay.

Painted in baby blue, the $2.75 million home will be her Sydney bolthole since she divides her time between Sydney and the US, especially Hawaii.

Goodyer Real Estate agents Pauline Goodyer and Rosalia Marasco sold the home that came with design approvals to extend the two-bedroom dwelling by architects Cracknell and Lonergan.

The heritage-listed 1880s cottage — one of the fisherman’s cottage group of the Camp Cove village — had been passed in on a $2.7 million vendor bid before Meares swooped.

This article first appeared in the Daily Telegraph.