Westpac boss spends $6.8 million on Pittwater weekender

Westpac boss Brian Hartzer has spent $6.8 million to buy on Pittwater’s western shore.

Hartzer and wife Georgiana have bought a charming sandstone weekender at Elvina Bay with water views from its elevated wraparound veranda.

The home (above and below) sits on more than 2000 square metres of north-facing gardens, with a boat shed on its 50 metres of water frontage, according to marketing by Lachlan Elder at LJ Hooker.

It last traded for $6.25 million in 2007 and was built in the 1920s for a retailing family.

The sale price falls just below the record $7 million paid for Yamba, the 1920s retreat built for the Robertson family of Angus & Robertson bookstores.

It was bought in 2013 after Foreign Investment Review Board approval to the property company Far East Organisation, which is headed by Singapore billionaire Philip Ng.

Hartzer’s previous acquisition in Sydney was a mansion at Vaucluse designed by architect Michael Dysart with rooftop entertaining space.

The 2015 land title settlement records indicate a $12.75 million purchase in his wife’s name.

The home has views of the ocean and Harbour, five ensuite bedrooms with parents’, children’s and guest wings.

Hartzer became CEO of Westpac in 2015.

This article was first published in the Sunday Telegraph.