Actor Toni Collette and musician husband, David Galafassi, have May 2013 court performance

By Jonathan Chancellor
Thursday, 13 December 2012

Lights, camera, action! Well, perhaps not within the court room. However, a three-day court hearing has been scheduled for May 2013 when the actor Toni Collette and her musician husband, David Galafassi, will be due in court being sued over their failure to settle on an alleged $6.35 million Paddington terrace purchase.

The May 13 to May 15 hearing date was scheduled this week by the duty judge in the NSW Supreme Court equity division.

In October 2011 the couple reputedly signed a contract to buy a double-fronted Paddington terrace from Susie Kelly, the co-founder and owner of Industrie clothing with her husband, Nick.

The Stewart Street house was snapped up – quite early in its marketing campaign through McGrath agent Ben Collier. 

However the Paddington terrace has since been been resold for $5.5 million, so the entertainment industry couple face an $850,000-plus claim against them for the difference.

Designed by architect Anthony Gill and completed in 2009, the five-bedroom, four-bathroom house sits on a 360-square-metre block.

The entertainment industry couple made their alleged decision not to proceed with the Paddington purchase after they struggled to find a buyer of their Bronte house.

Their 1885 Bronte weatherboard cottage that cost $4.4 million in mid-2009 struggled to find a buyer despite being tipped to sell for around $900,000 less than their purchase price.

Collette and Galafassi instead bought back at Bronte, swapping homes with the buyer of their own $3.5 million house.

The Kellys bought on Kutti Beach at Vaucluse last March for $15.5 million, so incurred a land tax charge on the redundant Paddington property.

So their damages claim against the entertianment industry couple also includes a claim for $43,516 in state land tax and interest for four months.

The $6.35 million sale of the five-bedroom home was allegedly due to be settled by late December 2011, but Collette's lawyer, David Carr, told the Kellys' lawyer in an email on New Year's Eve last year his clients intended "not to proceed" with the purchase.

Collette also sent an email to Nick Kelly on February 24, telling him the couple had decided to buy another house in Bronte

The Hollywood entertainment industry couple claim they do not have to pay the land tax that the Kellys were hit with given their move into a Vaucluse residence.

They also claim they dont have to pay the interest on the $6.35 million as there was no agreement to "complete the sale" by late December.

Collette and Galafassi are also arguing the vendors resold the property under value.

They claim the price ought to have been $6.25 million at auction, according to documents filed in the Supreme Court.



      Did you like this article? 

      Sign up to the Property Observer Newsletter to receive a daily news wrap-up straight to your inbox AND a free eBook!

      Please enter a valid email address. For example fred@domain.com .


      Summit at Discovery Point - Selling fast!


      Located above a lively Village Square with specialty shops, cafés & restaurants, Summit at Discovery Point is just 10km from the Sydney CBD and 1 train stop from Sydney Airport, offering stunning panoramic park, city, bay or river views.
      Enquire today at discoverypoint.com.au or call 13 38 38

        The best of everything at Portside Wharf

        Now Selling
        Premium apartments, terrace homes and penthouses. Luxury living in Hamilton’s most prized riverfront address, at the heart of the vibrant Portside Wharf precinct.
        Enjoy amazing views overlooking the city and river, as well as superb private facilities.
        Secure your piece of luxury riverfront living www.pinnacleportside.com.au

          The Mark at Sydney's Central Park

          Central Park is the $2 billion transformation of a heritage brewery site on Sydney's Broadway into a vibrant mixed-use urban village.

          Designed by architects Johnson Pilton Walker, 'The Mark' is a soaring glass tower of sustainability, advanced building technology and applied imagination - and your opportunity to capitalise on Central Park's success.
          Register your interest now at centralparksydney.com or call 1300 857 057. >>
            Previous
            Next
            Macquarie's harbourfront-bound Nicholas Moore finally secures Federation Mosman sale Jonathan Chancellor
            Meanwhile, Mike Quigley, boss of the federal government's National Broadband Network, has also sold his Mosman mansion recently at $3,555,000. It represented a loss on the $3.6 million paid in 2007.
            SEARCH SITE
            Calculator sponsor

            Repayments Calculator

            Monthly repayment ($)
            Talk to a home loan expert

            Suburb Data

            Free suburb snapshots for investors

            Powered by

            Property data for Western Australia Property data for Tasmania Property data for Queensland Property data for Northern Territory Property data for South Australia Property data for Victoria Property data for New South Wales Property data for Canberra

            Click on your state for local insight

            Follow us Property Observer on Twitter Property Observer on Facebook Property Observer on LinkedIn Subscribe to Property Observer RSS feeds

            Developer Spotlight

            Property Observer

            Atria Apartments in Hawthorn offers buyers an opportunity to invest in one of Melbourne’s finest suburbs.

            RP Data-Rismark May 24 daily index
             

            Private Media Publications

            Crikey

            loading...

            Smart Company

            loading...

            StartupSmart

            loading...

            Leading Company

            loading...

            Womens Agenda

            loading...