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Billionaire fund manager Kerr Neilson has cashed in on Sydney’s booming housing market, selling a modernist residence in Castlecrag for in excess of $2.4 million more than he paid for it just two years ago.
The co-founder of Platinum Asset Management outbid eight other registered buyers at what was a competitive auction in May 2019 to secure it for $5.3 million.
This month, interested parties were alerted to its return to the market through the same agent who sold it last time, Anthony Cowie of Ray White Lower North Shore, and sources say it sold for about $8 million.
The property was sold in the mid-1960s to retired surgeon Frank Fisher and his wife, Penelope.