Golfer Scott! Loses $2.5 million On Property

*Adam Sco

 The 33-year-old has finally sold the Surfers Paradise investment property he bought off the plan in 2004 for $4.4 million. After trying to nab $4.95 million for it in 2010, it sold late last year for $1.94 million.
Located in the Jade tower, the snazzy three-bedroom beachfront apartment has a private courtyard and spa. The property was purchased by Bill Lewski, founder of the Prime Retirement and Aged Care Property Trust.
In 2010, administrators were appointed to Australian Property Custodian Holdings (APCHL), the responsible body for Prime, after it emerged that the managed investment scheme owed investors $550 million. In December the Federal Court found that Lewski and four other directors had breached their duties as officers of APCHL.
Blink and it's sold
Hyams Beach has had its biggest sale in six years with a beachfront abode fetching $2.6 million late last year.
The three-bedroom Cyrus Street home was snapped up by eye surgeon Ilan Sebban and his writer wife, Shira.
The couple, based in Vaucluse, also own a 2.7-hectare property between Kangaroo Valley and Berry, which they bought a decade ago for $875,000.
After a flurry of activity in the mid-2000s the high-end market at Hyams Beach has been subdued since the global financial crisis. The last big sale, and record sale to date, was in 2007 when the Sydney-based Roulstone family spent $3.44 million for the house next door to the Sebbans' acquisition.
With heavy discounting now the norm, locals were surprised to hear the latest sale sold bang on its asking price through Craig McIntosh, of Hyams Beach Real Estate. The home is being rented during the holiday season for $4000 a week.
End of an era
After more than a century, the Morton family are selling their south coast estate, Lynburn.
Constructed between 1892 and 1895, the Bomaderry property was designed by English architect Howard Joseland who is known for his work on Sydney's upper north shore, particularly in Wahroonga.
The house is being sold by Bruce Morton, who is the grandson of Mark Morton snr, after whom Morton National Park in the ranges inland from Nowra is named.
Originally built for Henry Morton, a surveyor, the four-bedroom Federation home is situated on 5.28 hectares and fronts on to Bomaderry Creek.
Valuers have been scratching their heads over how to price a home that has been in the same family for 118 years but it is expected to exceed $900,000 when it goes to auction on February 1 through Peter Russell, of Integrity Real Estate.
Designs on Byron Bay
Fashion boss turned property entrepreneur, Tom Lane, and his wife, Emma, have forked out $2.7 million for a Byron Bay hinterland property.
The former executive director of Oroton, now head of Quicksmart Homes, plans to use the 31-hectare acquisition in Ewingsdale, bought through Unique Estates in September, as headquarters for the Bangalow Cheese Co, which the couple bought last year. At the start of 2013 the property was listed for $4.25 million with a different agent.
Bye bye beach days
Author and businesswoman Melissa Seymour, wife of former Sydney Swans star and AFL commentator Brad Seymour, is selling her far south coast getaway with $1 million-plus hopes.
The three-bedroom home called Beachmour sits across the road from Duesbury's Beach in the town of Dalmeny.
Seymour bought the property with good friend Martine Muirhead in 2006 for $520,000 and it is being sold through Brian Hastle, of Century 21 Narooma.
Shh!
Which Australian businessman will soon be racking up some serious frequent flyer points travelling between Hong Kong and the Byron Bay hinterland?
The head of Jones Lang La Salle Retail in Hong Kong has snapped up 40 hectares in Skinners Shoot for about $3 million.