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Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Jonathan Chancellor

10 July 2011

Waimea House sale for $6.06 million eclipses Tasmanian record

Waimea House sale for $6.06 million eclipses Tasmanian record

Waimea House, a Federation Arts and Crafts style residence in Tasmania’s second-priciest suburb, Sandy Bay, has sold for a record $6.06 million.

It has been bought by Sydney property developer Piers Dawson-Damer and his wife Kim.

The couple had moved to Tasmania after selling their Rose Bay, Sydney home to entrepreneur Frank Tagg, the former Western Suburbs first grade footballer who made his money from McDonald's franchises and more recently from his part-ownership of stallion prospect Haradasun.

Waimea was sold by prominent Hobart family, the Nettlefolds, who then sold $1 million-plus of its contents through Mossgreen Auctions.

The Nettlefolds had consolidated the four-block amalgamation over the past 70 years.

The late Len Nettelfold, a successful businessman and Australian amateur golf champion, was the son of Tasmanian Motors founder Robert Nettlefold. The family had the General Motors dealership on the island, which was subject to a 1982 takeover bid by then young entrepreneur Christopher Skase, who made a reputed $1.5 million plus from his brief foray.

The Sandy Bay property was marketed as Hobart's most prestigious and distinguished residential estate by Brian Watchorn of Charlotte Peterswald for Property.

“This landmark property occupies the finest position in Hobart with stunning harbour views, complete privacy and surrounding land with an overall area of 9,726 square metres or thereabouts,” the brochure says.

There is a pool, tennis court, and a smaller second residence with Art Deco influences.

It is believed the highest previous sale was $3.1 million for a Sandy Bay waterfront in 2007.

The median price in 2010 was $665,000 according to the Real Estate Institute of Tasmania from 144 house sales, compared with Battery Point’s $890,000 median from 20 sales.

Tasmania's Bishopscourt on the Sandy Bay hillside was sold in 2004 for about $1.5 million to Melbourne businessman Herman Rockefeller, who was later murdered.

Piers Dawson-Damer’s father was motoring enthusiast and one-time Australian rally championship navigator John Dawson-Damer, who died in a racing accident in England in 2002. His mother Ashley is one of Sydney's most popular social figures.