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Nathan Tinkler could fall back on record-setting Noorinya on mid-north coast if times get tougher
By
Jonathan Chancellor
Noorinya sits at the top of the list of Nathan Tinkler's private property assets, should he seek funds to get himself out of his current business liquidity situation. But having paid $11.5 million, it's in a league of its own when it comes to the prestigious second home coastal market. The mining magnate smashed the mid north coast record in 2008 when he purchased Noorinya, on a Sapphire Beach headland, for $11.5 million from Microsoft pioneer Jaybe Ammons. Noorinya, with 1.8 hectares of private headland, comes with lap pool and a secluded beach. The following year Stockland’s David Pitman and ABN Amro’s Simon Perrott purchased oceanfront properties from developer Barry France on the next headland along at Sapphire Beach. Ammons and his wife, Shelly, had spent about $2.75 million on the site amalgamation, including a $1.85 million purchase from hospital industry operator Paul Ramsay in 1999. Locals say the family used it regularly during the early years of ownership, but not much recently since the family relocated from their Newcastle base to Singapore.Video source LJ Hooker Video prepared by HTM Digital |
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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.
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