Aussie boy made good: Low-key expat cashes in on $29m Bellevue Hill house

Ex-rich lister Kevin Maloney is selling the historic Segenhoe Stud in the Hunter Valley., the Singapore-based expat who heads up the Australian investments of Singapore’s sovereign wealth fund Temasek, sold their Bellevue Hill designer digs on Thursday night after a six-month campaign and initial hopes of more than $30 million.

Alas, for locals keen to do their own valuation sums, Sotheby’s Michael Pallier has not disclosed the result, but it carried a $29 million guide this year and sold for $26.5 million according to some sources and $28.5 million according to others.

The stud dates back to 1908, and during Maloney’s 14-year ownership, it has produced 13 group one champions, including Pretty in Pink, Winter Bride, Bella Rosa, Anaheed, and Catch Me. The 567-hectare property has been improved and expanded since it last sold in 2010 by Michael Sissian, and consolidated with neighbouring properties, which include the former vineyard Tyrrell’s Glenbawn Estate in 2012.Clint Donovan of Donovan & Co, who has listed it with Magic Millions and Sotheby’s Clint Ballard, said Maloney’s decision to sell now makes sense: “He is an asset trader, and this asset is at the peak of its powers.

Maloney, who founded MAC Services Group, is ordinarily based in Woollahra, where in 2021, he and his wife Lesley set an apartment record of $14.85 million when they downsized to a nearby $13 million pad.Oatley, who founded the speedboat-maker Castlerock Carbon and has sailed in the Sydney to Hobart four times on board the family’s super maxi Wild Oats XI, has managed a slew of updates ahead of its return to market through LJ Hooker’s Peter Robinson and Jonothan Gosselin.

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