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Cookbook queen Donna Hay serves up seconds for Paddington terrace buyers: Title Tattle
By
Jonathan Chancellor
Cookbook queen Donna Hay and her butcher husband, Bill Wilson, have listed the last of their Windsor Street, Paddington, investment terraces. The Windsor Street investment terrace - which comes in Tabbereresque all-white - was bought for $1.42 million in 2003. The couple secured $2.15 million when their unrenovated two-bedroom terrace was auctioned in 2009 some three years after it was purchased for $1,035,000. The couple also own a $3.85 million Watsons Bay residence. They retain another investment property in Holdsworth Street, Woollahra, which was bought for $1,615,000 in 2008 for Hay’s homewares shop. The March 4 auction listing comes with $2.4 million hopes through McGrath agent James Dack. McGrath has three other Windsor Street listings. |
By compelling banks to rely on short-term retail deposits rather than wholesale funding, regulators are shifting risk onto taxpayers.
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