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Hotelier, property developer and amateur racer Rod Salmon has sold his penthouse atop the iconic Harry Seidler-designed Cove development in The Rocks for circa $30 million.
With a super yacht-inspired rooftop terrace, the property has more bathrooms (seven) than bedrooms (five) and has front-row views of Sydney’s skyline.
The views from the penthouse atop the Harry Seidler-designed Cove apartments.Credit:
The home packs a punch given it has a spa, pool and private wellness retreat across the 687 square metres and it is the most expensive home that Salmon, a director of Port Stephens-based development company Coho Property, has sold to date.
But he is no stranger to trophy homes having sold his waterfront mansion in Drummoyne for $12.2 million in 2017 to Afghanistan-born couple Dr Razia Dehsabzi, a GP and director of Green Village Imaging, and Sayar Dehsabzi, a director of Dehsabzi Lawyers.
Salmon, who founded online education company Skwirk in 2005, bought the waterfront mansion in 2014 from fellow hotelier Sam Arnaout.
Arnaout commissioned the palatial residence following his purchase of the 700-square-metre property in 2007 for $6 million.
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Salmon’s purchase in 2014 coincided with his sale of the Wentworth Hotel in Homebush and the One World Bar in Parramatta to Arnaout’s Iris Capital hospitality group.
The 65-year-old, a two-time Bathurst 12 Hour winner, has dealt with even bigger commercial real estate transactions as he bought and sold a number of hotels to the tune of $100 million in 2022. He also been a director of Chatswood Hotel since 2019.
Salmon’s penthouse sold through Chana Levy and Nathan Antunes of Levy Property Group in conjunction with Steven Chen of The Agency who declined to comment when contacted.
Whoever emerges as the penthouse buyer will be in the company of former Qantas chief executive Alan Joyce and his husband Shane Lloyd, who purchased the second unit in the development for $9.25 million in 2023 on top of their existing home in the building, which they purchased for $4.575 million in 2008.
Late mining boss’ holiday home
The Palm Beach weekender of the late union-busting iron ore miner Charles Copeman AM and his wife Alison has hit the market with a price guide of $18 million.
Set on 518 square metres of beachfront on the coveted Iluka Road and with views over Pittwater, the beloved family holiday home has been enjoyed for four generations and the Copeman family are ready to hand the keys to the next owners to enjoy.
The original 1930s double-brick cottage was bought for $302,000 in 1983 just before Charles, who was the Robe River mining boss, almost single-handedly rewrote Australia’s industrial relations laws when he took on the Pilbara’s iron ore unions.
The Palm Beach weekender that was last purchased for $302,000 in 1983.Credit:
He became one of the most controversial mining figures of his era when he sacked more than 1000 iron ore workers in a bid to break the back of trade unions in the region.
While mining magnate Lang Hancock’s story of discovering the world’s largest iron ore deposit is well known, Charles’s role in dismantling the union’s stronghold at Robe River as the managing director of Peko Wallsend is less famous, but is considered to be just as important as he and Hancock are considered responsible for unleashing Australia’s biggest export industry to this day, an Institute of Public Affairs report says.
As a result, he became a darling of the emerging new right but fell foul of the then Labor state and federal governments and reviled by trade unions, according to The West Australian’s obituary of Charles when he died in 2013.
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He was made a member of the Order of Australia in 1999 for his achievements in the mining industry and was also inducted into the Australian Prospectors and Mining Hall of Fame in Western Australia.
The Palm Beach home is selling through Laura Mears of McGrath Pittwater and Avalon who declined to comment when contacted.
Papua New Guinea-linked prestige property
The wife of Papua New Guinea’s former prime minister Peter O’Neill, Lynda Babao, is offloading her mortgage-free Warrawee home with a price guide of $10 million.
The five-bedroom, five-bathroom house is set on 1827 square metres in a premier dress circle cul-de-sac that is minutes from coveted schools, including Wahroonga Public School, Knox and Abbotsleigh.
The upper north shore home has a $10 million price guide.Credit:
Babao, a director of the Papua New Guinea Tribal Foundation, bought Highland for $5.95 million in 2020 just months after a Point Piper residence that was home to their son sold on the quiet for $12.35 million.
The Point Piper duplex was linked to PNG’s former first family in 2019 just days before O’Neill stepped down from the top job following weeks of high-level defections from the ruling party.
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