Creative director of the Paspaley family pearling empire, Christine Bracher, has bought a home in the eastern Sydney suburb of Paddington for $8.01 million, The Sydney Morning Herald has reported.
The 40 year-old house, designed by architect Espie Dods, was sold off-market by The Agency’s Ben Collier.
The sale comes shortly after Ms Bracher sold her $16.75 million home in Bellevue Hill.
The house was last traded in 1992 for $765,000 when sold by company interests of the Arnotts biscuit family to Katharine Forster and Chief Justice of the Federal Court James Allsop. It has been owned by Forster and Emma Forbes since 2017.
The Paspaley’s are nationally and internationally known for being the world’s most important producer of cultured pearls, among other business ventures such aviation and marine services.
Ms Bracher is one of six grandchildren to Nicholas Paspaley, the founder of the Paspaley pearling business.
Source: Sydney Morning Herald
