{"id":341774,"date":"2025-12-11T22:31:08","date_gmt":"2025-12-11T22:31:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/341774\/"},"modified":"2025-12-11T22:31:08","modified_gmt":"2025-12-11T22:31:08","slug":"a-200m-compound-gretel-packers-new-60m-backyard","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/341774\/","title":{"rendered":"A $200m compound? Gretel Packer\u2019s new $60m backyard"},"content":{"rendered":"<p><img fetchpriority=\"high\" class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post- wp-image-1085877\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1085877\" data-capiid=\"d1e60862c06eceb10c5a07a09e47a062\" width=\"1024\" height=\"768\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1024 768&quot;%3E%3C\/svg%3E\"  alt=\"Billionaire businessman James Packer with family members (L-R) mother Ros, sister Gretel and wife Erica at the Victor Chang Heart to Heart Ball in support of the Victor Chang Cardiac Research Institute, at the Sydney Convention Centre in Darling Harbour, Sydney.\"\/><\/p>\n<p id=\"caption-attachment-1085877\" class=\"wp-caption-text\">The Packers are building another compound. Pictured is James Packer with sister Gretel.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">The Packers are busy building another compound.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Gretel Packer, daughter of the late media tycoon Kerry Packer, ends the year with a huge new backyard snapped up for $59m that more than doubles the size of her grand Sydney estate.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> And the $3.3m stamp duty takes the cost to well over $60m.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> Recent settlement records for an unrenovated light pink house and a neighbouring vacant block in Bellevue Hill in Sydney\u2019s affluent Eastern Suburbs, next door to Packer\u2019s 1919-built mansion, Winston, revealed her as the new owner.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">MORE:<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"><a href=\"https:\/\/www.dailytelegraph.com.au\/property\/sydneys-mostviewed-homes-10-properties-that-captivated-buyers-this-year\/news-story\/d247aa890e3d960be3d3ec248add6ebd\" rel=\"nofollow noopener\" target=\"_blank\">TV star\u2019s home tops Sydney\u2019s \u2018most viewed\u2019 list<\/a><\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post- wp-image-1085871\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1085871\" data-capiid=\"96578829dd9c4f8aadafbe69e406952f\" width=\"768\" height=\"1024\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 768 1024&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1085871\" class=\"wp-caption-text\">The backyard. Source: Million Dollar Listing, Sydney.<\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post- wp-image-1085872\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1085872\" data-capiid=\"e8e99b5cd0ae6e25d16952e86495e0df\" width=\"1024\" height=\"768\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1024 768&quot;%3E%3C\/svg%3E\"  alt=\"Packer Murdoch Lunch\"\/><\/p>\n<p id=\"caption-attachment-1085872\" class=\"wp-caption-text\">Gretal Packer.is growing her home compund.. Picture: Richard Dobson.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> It was a perfect opportunity for Gretel \u2013 older sister to James Packer and estimated by Forbes to have a net worth of around $2.25bn \u2013 to expand her luxury compound by an extra 2631sqm, meaning she now owns a 5122sqm compound. A reliable source estimated her property would now be worth about $150m.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"><a href=\"https:\/\/www.realestate.com.au\/news\/top-20-home-sales-of-2025-melbourne-wins-with-131m-sale\/?campaignType=external&amp;campaignChannel=syndication&amp;campaignName=ncacont&amp;campaignContent=&amp;campaignSource=daily_telegraph&amp;campaignPlacement=realestatemodule\" rel=\"nofollow noopener\" target=\"_blank\"> The recently settled sale is No. 6 on the top 20 home sales list around the country for this year<\/a>, as revealed on Wednesday by News Corp.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> The land she\u2019s snapped up was owned by hardware tsar the late Graham Nock, of the Nock &amp; Kirby family.<\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post- wp-image-1085873\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1085873\" data-capiid=\"7e77101db5b095ecc29039bb0504ce42\" width=\"1280\" height=\"720\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1280 720&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1085873\" class=\"wp-caption-text\">Could this bright pink mansion, adjacent to her newly expanded property, be next in Gretel\u2019s sights? Source: Million Dollar Listing, Sydney.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Nock had been approached many times by agents wanting to sell the huge property before his death in May at the age of 96. <\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">His wife, Pamela, had died in 2022.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> The $59m deal consisted of the 1960s house with pool on a 1442sq m block and the 1189sq m block next door. <\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> Ken Jacobs of Forbes Global Properties was behind the off-market deal, though he\u2019s not commenting on it.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">It\u2019s not clear why the Packer heiress wanted the extra space, though being a billionaire, she doesn\u2019t really need a reason. It\u2019s likely the ugly old house will soon go.<\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post- wp-image-1085874\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1085874\" data-capiid=\"b2bbe7abfc5ae79e9fdb41df2682512c\" width=\"1024\" height=\"768\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1024 768&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1085874\" class=\"wp-caption-text\">An image of Packer heir apparent Clyde, Kerry\u2019s older brother, blowing out birthday candles at his 4th birthday party on July 22nd 1939 at \u201cCairnton\u201d, the Packer family home in Bellevue Hill. Picture: Francis Packer Instagram<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">To be a large veggie patch, perhaps? With some cows beyond that to keep the grass down?<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> Neighbours recall the vacant lot was previously green grass, so perhaps this recent shot indicates she\u2019s planning an orchard or some canola crops?<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">The reason for the purchse could be as simple as preventing someone else from purchasing it and having another large home built there overlooking her property.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> Or maybe she wanted to avoid the construction noise of a new residence being built by pesky new neighbours.<\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post- wp-image-1085875\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1085875\" data-capiid=\"7fbe198416c844039540f12ed05d7f60\" width=\"1024\" height=\"768\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1024 768&quot;%3E%3C\/svg%3E\"  alt=\"TWAM 20 OCT 2017\"\/><\/p>\n<p id=\"caption-attachment-1085875\" class=\"wp-caption-text\">James and Kerry Packer in an undated photo.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> You\u2019ve got to wonder what other adjoining properties Gretel has in her sights, and some are wondering if the adjacent bright pink home could be a future target.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> That\u2019s owned by Edward Fairfax Simpson, grandson of the late media proprietor Sir Warwick Fairfax.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> If that 1902sq m property ever became available, she could potentially own a massive 7000sqm compound, which experts advise would be worth more than $200m.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> She\u2019d bought Winston, designed by Edwardian architect John Manson, in 2000 for $11.25m.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> But Gretel still has a way to go to expand her boundaries to the extent of her brother, James, whose nearby Cairnton estate occupies 1.1ha.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"> That was amassed over three generations of Packer family ownership since Sir Frank Packer first bought land there in 1935.<\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post- wp-image-1085876\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1085876\" data-capiid=\"537b812ef48d7230dcc53159b4acdca5\" width=\"1024\" height=\"768\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1024 768&quot;%3E%3C\/svg%3E\"  alt=\"CIRCA 1970 : Sir Frank Packer circa 1970.&#10;P\/ Picture: Supplied\"\/><\/p>\n<p id=\"caption-attachment-1085876\" class=\"wp-caption-text\">Sir Frank Packer started buying up land in Sydney\u2019s east in 1935. Picture: Supplied<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Cairnton is one of the biggest private compounds in Sydney\u2019s east.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">MORE:<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"><a href=\"https:\/\/www.realestate.com.au\/news\/ian-thorpe-sells-sydney-apartment\/?campaignType=external&amp;campaignChannel=syndication&amp;campaignName=ncacont&amp;campaignContent=&amp;campaignSource=daily_telegraph&amp;campaignPlacement=article\" rel=\"nofollow noopener\" target=\"_blank\">Ian Thorpe\u2019s big windfall<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Packers are building another compound. Pictured is James Packer with sister Gretel. The Packers are busy building&hellip;\n","protected":false},"author":2,"featured_media":341775,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[43,44,41,39,42,40],"class_list":{"0":"post-341774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/341774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=341774"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/341774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/341775"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=341774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=341774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=341774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}