Asking price dips on Bondi Beach's best – the James Packer Notts Avenue cast-off
The New York-based expatriates Cary and Jan Lochtenberg, who are involved in film and finance, have relisted their Bondi Beach property due to continuing overseas commitments.
Tycoon James Packer was the earlier owner of the luxury Notts Avenue home – built as his first home in the mid-1990s. It sold when Packer's former fiancee, Kate Fischer, pocketed $2,825,000 in 2000. The 210-square-metre residence had been transferred at no fee from Packer's development company into Fischer's name in October 1998. Packer had bought the Notts Avenue property for $425,000 in 1995.
It has just the two bedrooms and two limestone bathrooms, plus an office and steam room.
The property is for sale via private treaty with $7.5 million-plus hopes through Bethwyn Richards and Jennifer Pooley of McGrath.
It went to last 2010 auction when they couple wanted $8 million plus, but the buyers stopped their bidding at $7 million.
The Notts Avenue house has been rented out by the Lochtenbergs at between $2,000 and $3,000 a week since their purchase in 2000.
