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Brad Banducci, the former chief executive of both Ticketek operator TEG and Woolworths, has sold his North Bondi investment property in a multimillion-dollar deal.
Local sources not authorised to comment publicly said the two-bedroom, one-bathroom apartment with uninterrupted views of Bondi Beach and along the coastline to Maroubra, sold for about $3.3 million, after it hit the market with a price guide of $2.75 million.
A sold sticker went up on the listing, indicating a sale by private treaty on June 12 with the price undisclosed. It will be left to settlement documents to reveal the exact sale price as listing agents Alexander Phillips and Vince Licata of PPD Real Estate were tight-lipped when contacted by this masthead.
Banducci bought the pad for $2.24 million in 2019, records show. The apartment has neutral interiors, a stone-topped kitchen, tiled floors and a full-width balcony.
Banducci announced in February 2024 that he would step down as the chief executive of Woolworths, finishing in September that year, after 13 years with the Woolworths Group and eight-and-a-half in the top job.
Banducci commenced his role as chief executive of the Ticketek Entertainment Group in April 2025 and announced his exit after little more than a year in the top job.
“When I joined the group just over a year ago, I came in to do a specific role – to set the group up for the next horizon of growth,” Banducci said in an official statement. “I felt the time was right to transition leadership of the group.”
TV personality’s home still for sale
Jamie Durie has refreshed the campaign to sell his four-level Avalon Beach home, offering a $5 million discount.
The six-bedroom, six bathroom waterfront estate that was designed by the TV personality and landscape designer had a price guide of $33 million when it launched to market late last year, and is now listed at $28 million via an expressions of interest campaign.
Original listing agents James Baker and Adrian Venturi of McGrath Pittwater and Mona Vale are still on board, however, Ray White Double Bay’s Adam Reichman and Ashley Bierman have joined the property campaign.
Baker told this masthead of the adjusted guide: “Two recent sales in the suburb, both in December last year, sold for $28 million and $27 million, so we feel that’s the latest indicator of value in the area.”
It comes as multiple listings in Sydney’s prestige market have seen a reduction in asking price. El Jannah co-founders, Andre and Carole Estephan, have reduced the $11 million guide set in February to $9.35 million to $9.85 million for their Dural home, and former Test cricket captain Michael Clarke slashed the asking price of his Vaucluse property to $18 million-plus after listing it in November for about $20 million.
Deborah West, founder of SydneySlice buyer’s agents, who has no affiliation with the listings, said she has noticed some properties lingering on the market are having co-agents brought in to help renew momentum.
“At the top end of the market there has been a shift in buyer behaviour, with buyers being more selective and price sensitive, as opposed to the demand not being there,” West said.
“High quality, well-located prestige properties are still transacting strongly, but it’s become more and more that the pricing is more aligned with where the market sits.”
Durie bought the existing dwelling on the site for $2,275,000 in 2015, records show, and designed the new build that was completed in 2025, alongside the design team at Silvester Fuller.
There is a double-height great room, a spotted gum staircase, a wellness retreat with a gym, sauna, ice bath and steam room, a wet bar, wine cellar, cinema, infinity-edge pool, rooftop garden and multiple terraces.
Agent Reichman said of the property: “Prestige buyers are increasingly looking for homes that deliver both exceptional design and long-term sustainability, and this home represents that at the highest level.”
Pharmacist adds to empire
Damien Gance and wife, Sasha Robertson, have added land to their Byron Bay compound. Gance, a qualified pharmacist, was the first Chemist Warehouse franchisee in 2000. He is the son of co-founder Sam Gance.
Settlement documents in April reveal the couple paid $20 million in cash for a block of about 1100-square-metres, next door to their home that they paid $33.5 million for, also in cash.
The five-bedroom, six-bathroom mansion settled in February and was purchased from property developer Shane Smollen, and his wife, Rebecca.
Gance and Robertson also own a property in Melbourne’s Toorak, having paid $5.8 million for a five-bedroom mansion in 2011.
Nick Dunn of McGrath Byron Bay sold the block of land to the couple, and is also behind their purchase of the home, alongside Ed Silk of Ed Silk Byron Bay.
