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John Symond buys in Elizabeth Bay: Title Tattle
By
Jonathan Chancellor
Page 1 of 2
The 1892 mansion with 10 rooms sits on an 1,100-square-metre block. It’s been listed for October 22 auction through Barb Gregory and James Redfern at Marshall White Brighton. Gregory says the house is expected to fetch $4.5 million. Smith stepped down at the end of June this year from Newcrest after five years in which he turned around the nation's biggest gold miner and doubled its market value. Newcrest’s recent annual report revealed it’s still paying Smith until the end of the year along with a $2.25 million payment on December 31. Smith received $1 million bonus after sealing a $9.5 billion takeover by Lihir Gold last year.
Manicured lawns adjoin the glassed conservatory housing the heated pool with mosaic inlays. There’s a series of descending terraces that lead to a tennis court, arbours, pathways, a stilted cubby house, fruit trees and vegetable gardens all neatly positioned around bluestone cobbled pathways meandering down to the river banks. The new owners will have the opportunity to construct a cantilevered boatshed and mooring. It didn’t sell on its 2010 RT Edgar listing.
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The Block's Dan and Dani - last spotted looking around the Melbourne suburb of Kingsville - merely tweeted their acquisition with little fanfare. But there certainly weren't any tweets from the international film star Toni Collette about her recent property journey.
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In 2006 historic Brighton residence Totnes (pictured above) sold to the then incoming Newcrest mining boss Ian Smith, the seasoned mining engineer born and raised in Broken Hill. Smith was in London at the time of his purchase, where he had been a senior Rio Tinto executive. The then selling agent Damian Taylor was surprised when it sold to a buyers' advocate who was representing a client who had viewed the property just 24 hours earlier on the internet.

















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