Matthew Quinn pockets $8.1 million McMahons Point sale

Jonathan ChancellorApr 22, 2013

Stockland Property Group's former managing director Matthew Quinn has sold his McMahons Point home for $8.1 million to the Gupta family.

The five-bedroom home, with picture postcard views of the Harbour Bridge and Opera House from almost every room, was being marketed with ambitious $10 million plus hopes.

It was a recently completed McMahons Point residence designed by SJB Architects. It had an alfresco terrace and Peter Fudge-designed garden, pool, spa and even firepit.

Set just a short stroll to Blues Point Road cafes, city ferries, and Milsons Point train station, it was listed through Belle agent Tim Foote.

Quinn announced in July 2012 that he would leave Stockland after 12 years. Quinn moved to Perth from Britain in 1987 to work for the Price Waterhouse accountancy firm and then took over the reins at Stockland in 2000.

The East Crescent house block cost $5.5 million in 2009 when bought from the architect Philip Cox who had sought $6.1 million.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.