Mining magnate buys Perth's second-most expensive house
The $39 million sale of the former Dalkeith mansion built for the 1980s entrepreneur Alan Bond ranks as WA's second-most expensive house sale.
Mack Hall, of Mack Hall Real Estate, has confirmed the Watkins Road mansion on the Swan River has been bought by mining entrepreneur Steve Wyatt and his wife, Sue.
They initially expressed an interest in the home about a year ago. It was sold by businessman Barry Patterson, who was Sonic Healthcare chairman from 1999 to 2010 and previously held gold mining interests.
It last traded in 1999 for $9.5 million, which was to stand as Perth’s record until 2006.
The seven-bedroom riverfront mansion is set across six titles totalling 6,417 square metres.
Wyatt’s business associate Chris Ellison set the WA real estate record when he paid $57.5 million for iron ore heiress Angela Bennett's riverfront compound in Mosman Park in 2009.
Wyatt and Ellison set up Crushing Services International, which built and operated ore-crushing plants for mining companies.
"It was never on the market, and I mentioned it to the owner [that there was interest], but he did not want to sell it for a couple of years," Hall told The West Australian.
"Some negotiations took place, and the new owners moved in [last week]."
Gold mining magnate Ross Atkins bought the property in 1993 from the Bond family trust company, Armoy Pty Ltd, for $7.3 million, selling it six years later to Patterson after extensive renovation.
The Wyatts paid $9 million in 2006 for their current South Perth abode, which was expanded to 2,500 square metres in 2010 with the purchase of the neighbouring $3.9 million property. It has views of the city skyline from its non-riverfront promenade position.
This article first appeared on Property Observer.