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A $200m compound? Gretel Packer’s new $60m backyard

The Packers are building another compound. Pictured is James Packer with sister Gretel.

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.

And the $3.3m stamp duty takes the cost to well over $60m.

Recent settlement records for an unrenovated light pink house and a neighbouring vacant block in Bellevue Hill in Sydney’s affluent Eastern Suburbs, next door to Packer’s 1919-built mansion, Winston, revealed her as the new owner.

It was a perfect opportunity for Gretel – older sister to James Packer and estimated by Forbes to have a net worth of around $2.25bn – 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.

Gretel Packer splashes $59m for property next door to Bellevue Hill home

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Gretel Packer has paid $59 million for a property next door to her Bellevue Hill home, settlement documents have revealed.

The billionaire daughter of late media tycoon Kerry Packer paid $59 million for the estate of her late neighbour, Graham Nock, of the Nock and Kirby hardware family, in an off-market deal.

Gretel Packer has paid $59 million for the property next door (the pink home pictured centre and the adjoining land) to her Bellevue Hill home, settlement documents have revealed.Credit:

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