Tom Waterhouse sells Balmoral Beach prestige apartment
The Waterhouse racing clan have undertaken an internal shuffle of ownership of one of their Balmoral Beach luxury apartments.
Louise Raedler-Waterhouse has ended up with young bookie Tom Waterhouse's redundant duplex apartment.
The paperwork will show his aunt paying $4.38 million for The Esplanade apartment, which was acquired for $3.51 million in 2008.
Tom, of course, spent $13 million last year on his beachfront Balmoral residence with wife Hoda, following their first child daughter Rose in 2013.
The Australian head of William Hill's operation, who has long loved the Balmoral promenade, is the fourth generation of Australia's most famous bookmaking family.
This article first appeared in The Saturday Daily Telegraph.
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.
