Even bankers not immune to Sydney northern beaches weakness as Stuart Grimshaw sells Whale Beach weekender at a loss: Title Tattle
Jonathan ChancellorMarch 27, 2012
Sydney northern beach weekenders continue to show weakness. Bank of Queensland chief executive Stuart Grimshaw and Susanne Grimshaw have sold their hillside Whale Beach weekender for $2.8 million. But the Grimshaws had paid $3.1 million in 2009 for the four-bedroom 1970s Whale Beach Road house, which sold through McGrath agent Andrew Mappin.
Their Killara house, which cost $3.5 million in 2003, has been listed with $4 million-plus hopes through Scott Farquhar at McGrath Lindfield.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.