gail kelly of Westpac just bought a property for about 9 million...it last changed hands for 3.65 mill about 5 years ago..........wow doubled in 5 years...
GAIL KELLY, the boss of Westpac, has splashed out about $9 million on a Terrey Hills acreage property in Sydney, highlighting the deep pockets of bankers at the recession-proof end of town. The acquisition cost Ms Kelly less than one year's income before tax.
It's a record price for a northern beaches equestrian property. The two hectare resort-style property comes with a five-bedroom, five-bathroom house. There is also a guesthouse on the bushland estate with views towards the city skyline.
It was sold by former Vivendi Water chairman Kevin Doyle, who bought it for $3.65 million in 2005.
The new acquisition comes with heated indoor pool, spa, floodlit tennis court and equestrian facilities with Olympic arena. http://www.theage.com.au/executive-style/luxury/westpac-chief-executive-buys-a-slice-of-the-good-life-20100202-nbah.html
