Luxury Property Transactions Highlight Sydney's High-End Market
Former auto dealer sells renovated Bellevue Hill home for $31M amid elite property reshuffles.
1Premium property reshuffle
Greg Duncan, former owner of Trivett luxury car dealership, sold his Bellevue Hill residence for approximately $31 million through a private treaty in September 2025. The four-bedroom home, purchased for $1.45 million in 1996, underwent two major renovations by prominent architects. This sale follows the Duncan's $29.5 million acquisition of a Point Piper penthouse in May 2024, previously owned by poultry heiress Sue Ingham.
2Architectural value additions
The Bellevue Hill property features renovations by late architect Ercole Palazzetti and Alexander Tzannes in 2013, including heated marble floors and bespoke joinery. Council records show $742,000 in approved renovations, adding multiple entertainment zones with a terrace, pool, and two barbecue areas. The home's dual kitchens and parent's retreat exemplify luxury living standards in Sydney's eastern suburbs.
3Luxury market dynamics
The sale occurred through Forbes Global Properties agents who withheld exact pricing details, typical for high-end Sydney transactions. Comparable elite sales include the Duncan's new Point Piper apartment with harbor views, bought for $12.2 million in 2010. Such properties often trade hands privately among Sydney's business elite, with prices frequently exceeding $30 million in premium suburbs.
4Automotive wealth transition
Duncan's property portfolio stems from his 2013 sale of Trivett automotive group to Inchcape for $116 million. After taking full control in 2001, he built one of Australia's largest prestige car dealerships. This business success enabled his entry into Sydney's ultra-high-net-worth property market, where automotive fortunes commonly convert into luxury real estate holdings.
5Athlete market participation
Parallel transactions include NRL star Nathan Cleary's $5.5 million purchase of a Curl Curl beachside cottage, settled in June 2025. The Panthers halfback owns multiple properties, including a $1.7 million Blue Mountains home bought from his coach father in 2022. Such purchases demonstrate how sports earnings flow into Sydney's premium housing market.
6Equestrian estate listing
Bloodstock agent James Harron listed his Dural equestrian estate for $11-12 million, featuring a championship tennis court and dressage arena. Purchased for $5.75 million in 2019 from food industry executive David Ansell, the six-bedroom property targets horse enthusiasts. The sale reflects lifestyle changes as the couple seeks turnkey properties for increased travel.
7Agent perspectives
Forbes Global Properties' Darren Curtis described the Dural estate as "the most balanced" Sydney acreage he's represented, combining tennis, stables and pool. Such commentary underscores how luxury agents curate elite properties for discerning buyers. The Bellevue Hill sale similarly involved top-tier agents who maintain discretion about high-profile transactions.
8Market implications
These transactions illustrate Sydney's luxury property ecosystem, where business sales fund elite housing, and sports earnings enter the market. The $31 million Bellevue Hill sale particularly demonstrates how long-term ownership and strategic renovations can yield massive returns in premium suburbs. Such deals often signal broader wealth movements among Australia's business and sporting elite.