The prestigious Bellevue Hill continues to see high-value property sales, with capital growth driven by substantial transactions like Taphouse Group managing director David Mattick and wife Georgina’s $27 million home purchase in this affluent suburb.
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The Matticks won’t need to move far, having lived nearby for years. Their new property at Holland Park was previously owned by venture capitalist Michael Seder, who with his wife Kim had purchased it just two years prior for $15 million. This demonstrates the exponential property value increase occurring in Bellevue Hill.
The Matticks join other notable buyers in the suburb, including former Dow Chemical head Andrew Liveris, ACFS Port Logistics chief Anthony Tzaneros, and flower wholesaler Leo Lynch. Demand for Sydney’s high-end real estate continues to surge, as reflected in Bellevue Hill’s market.
David Mattick heads The Taphouse Group, founded by his father Peter Mattick of marketing giant Salmat fame. The group recently sold the Port Macquarie Hotel for $57 million and has listed the Kingscliff Beach Hotel for around $100 million. This illustrates the family’s extensive hospitality portfolio.
With a median house price of $8.51 million and median unit price of $1.58 million, the prestigious Bellevue Hill is Sydney’s fourth most expensive suburb. It leads a prestige area encompassing nearby Tamarama, Vaucluse and Darling Point. The exceptional capital growth and intense demand here looks set to continue.
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The combination of harbour views, privacy, prestige schools, and proximity to the city centre entrenches Bellevue Hill as one of Australia’s most desirable neighbourhoods. As demand shows no signs of cooling off, expect more record sales and further capital growth in this harborside haven for the rich and influential.
Published 11-February-2024
