'Aussie' John Symond offloads his three-bedroom apartment for a whopping $7.25million

‘Aussie’ John Symond offloads his three-bedroom apartment for a whopping $7.25million

Founder of Aussie Home Loans John Symond sells apartment for $7.25million
Three-bedroom property is located in Elizabeth Bay in Sydney’s eastern suburbs
It was one of three apartments in Symond’s name in the same apartment block
The Financial Review rich list estimated John Symond’s worth at $621 million

By Gavin Butler For Daily Mail Australia

Published: 05:24 BST, 27 July 2018 | Updated: 05:37 BST, 27 July 2018

Face and founder of Aussie Home Loans John Symond has sold his three-bedroom Sydney apartment for a staggering $7.25million.

The financial executive managed to get the lucrative sale of his three-bedroom Elizabeth Bay property over the line just before the predicted end of the property boom.

The off-market deal was tendered through Jason Boon, of Richardson & Wrench Elizabeth Bay, and saw the apartment growing $1million in value since it last traded in 2014 for $6.125 million, Domain reports.

Face and founder of Aussie Home Loans John Symond (pictured with wife Amber) has sold his three-bedroom Sydney apartment for a staggering $7.25million

A north-east facing apartment located in a coveted area of Sydney’s Eastern Suburbs, the property (pictured) boasts glass, marble and timber finishes and 3.1-metre ceilings

A north-east facing apartment located in a coveted area of Sydney’s eastern suburbs, the property boasts glass, marble and timber finishes and 3.1-metre ceilings.

It was one of three apartments in Symond’s name in the Onslow Avenue block – one of which was bought for $4.1 million in 2011, the other of which was bought for $2.9 million in 2012.

Both of the remaining properties are registered addresses for his daughter, Deborah Symond.

The apartment (pictured) was one of three in Symond’s name in the Onslow Avenue block – one of which was was bought for $4.1 million in 2011, the other of which was bought for $2.9 million in 2012

Both of the remaining properties are registered addresses for his daughter, Deborah Symond (right)

John Symond recently moved to London with his wife Amber, and has been shrinking his Sydney property portfolio since.

In 2017 he sold his Point Piper penthouse for $13.5 million, and was in talks with a buyer from China over the potential $100 million sale of his nearby palatial waterfront mansion.

Symond withdrew the latter property from the market at the last minute, however, claiming he and Amber would be spending more time in Australia than they thought and would use it as their primary residence.

This year’s Financial Review rich list estimated John Symond’s worth at $621 million.