Westfield heiress offers $11m Bondi Beach pad for sale

Monica Saunders-Weinberg, daughter of late Westfield co-founder John Saunders, and her husband, Richard Weinberg, are offloading one asset from their roughly $67 million Sydney property empire.

The couple have put a three-bedroom, two-bathroom apartment opposite Bondi Beach on the market with a price guide of $10 million to $11 million, local sources have revealed.

It appears the unit, purchased for $4.5 million in 2007 according to records, was at some stage an investment. Records show it was last a rental in July last year at $4000 per week.

Saunders-Weinberg is well versed in buying eastern suburbs real estate, with four properties in North Bondi purchased under company names that appear to be a blend of her three sons’ names.

The businesswoman, who is the co-owner of Terrace Tower Group, founded by her late father, purchased addresses for $7.8 million, $8.6 million, $6.55 million and $7.7 million between 2020 and 2023, through her corporate entities, records show.

The couple call a Bellevue Hill compound home, an amalgamation of three properties that were purchased for $5.9 million, $20 million and $6 million, from 2010 to 2018, records show.

Approved plans by Woollahra Council reveal a rebuild and site amalgamation with a new pool, landscaping and modifications, costing around $8.4 million.

Saunders-Weinberg, her sister Betty Klimenko and family made The Australian Financial Review’s 2026 Rich List with a combined estimated wealth of $3.29 billion.

Their father opened the first Westfield in Blacktown in 1959 with fellow Holocaust survivor Sir Frank Lowy.

After 30 years, Saunders stepped down from Westfield to build Terrace Tower Group in Australia and the United States, as stated on the company website. Lowy agreed to sell Westfield for $32.8 billion to European giant Unibail-Rodamco in 2017.

Saunders-Weinberg and Klimenko continue his legacy as co-owners, and Richard is chief executive officer. Terrace Tower Group develops and manages retail centres and commercial real estate.

Gavin Rubinstein and Christian Bugden of TRG hold the listing for the Bondi Beach pad, and both did not respond for comment when contacted by this masthead.

Sailor’s $25 million-plus listing

Kim Ketelbey, a former architect and previous winner of the Sydney Hobart Yacht Race, has put her waterfront Mosman estate on the market.

Local sources not authorised to comment publicly say the five-bedroom, four-bathroom house is expected to fetch more than $25 million.

Ketelbey has sailed in five Sydney-Hobart yacht races, as detailed in an online interview, and was part of the winning team Wild Rose in 2014, the overall handicap winner.

Ketelbey and her husband Gordon, a yachtsman, who have since separated, purchased the abode for $2 million in 1993, records show. The home is now solely in Kim’s name.

There is a new kitchen and bathrooms, and leisure zones include a pool and terraces.

Should the rumoured $25 million-plus expectation be met, the sale would be about half of Mosman’s suburb and north shore record.

A six-bedroom, seven-bathroom mansion sold for $50 million in October and settled in May, and the buyers were revealed to be Andrew Cochineas, the chief executive of Pallion, and his wife, Lisette, the former NSW and ACT general manager for the Institute of Chartered Accountants.

Brendan Warner of Raine & Horne Mosman is accepting expressions of interest for the Ketelbey residence, but declined to comment on any aspect of the listing when contacted.

Barangaroo buyer

Former Queensland grazier Victoria Horne has emerged as the buyer of a $54.1 million four-bedroom Barangaroo apartment. Horne has two properties on the market – a Southern Highlands estate and a unit in Sydney’s Sirius building.

Transfer documents reveal Horne, the wife of former army officer-turned-private contractor Steven Horne, paid the sum to the previous vendors, who bought the pad at One Sydney Harbour off the plan for $44,836,300 in 2025, records show.

The complex was designed by architect Renzo Piano and interior designer Daniel Goldberg, and the unit is understood to have been sold by James Hall of Savills, who declined to comment.

There is a lift and a terrace with a pool. Horne will be neighbours with Yan Zhang, who bought a penthouse in one of the three towers for $141.55 million in cash, Australia’s most expensive residential property.

Horne’s Southern Highlands estate in Exeter has been listed with a price guide of $22.5 million to $25 million, and is an 11-bedroom, seven-bathroom residence.

It comes with a pool, lakehouse, tennis court, bocce pit and aviary. Horne paid $6 million in 2019 to former Liberal Party leader John Hewson.

Her three-bedroom, two-bathroom unit in the Sirius building is for sale for $13 million to $14 million, local sources said. Horne paid $14.75 million off the plan in 2021.

The Exeter property is listed with Hall, and Deborah Cullen and Richard Royle of Cullen & Royle. The Sirius property is listed with Hall and Steven Chen of The Agency, who both declined to comment when contacted by this masthead.