The director of affordable shared housing company Bungalow Co, Lisa Scoble, has sold her architect-designed Coogee mansion for a figure in the high $20 million range, according to local sources. The sold sticker on the listing indicated a sale before auction on November 6; the reported price would surpass the suburb record of $20 million but was below the $35 million price guide.
Scoble's company Bungalow Co offers fully furnished rooms for rent across Sydney from Bexley to Bondi from $200 a week. She purchased the existing house on the clifftop site for $6.9 million in 2011. It was demolished to make way for a new build.
Architect Renato D’Ettorre and interior designer Belinda Brown were enlisted for the multi-level, five-bedroom, six-bathroom rebuild above the cliffs of Gordons Bay. The home features a Verdi Alpi marble kitchen, gym and steam room, music room, cellar, infinity pool, self-contained studio and uninterrupted ocean vistas.
“You really go on a journey throughout the home with its various spaces and enormous range of views,” Scoble told this masthead during the property campaign. “It’s bittersweet to sell, but it’s the classic time to downsize.”
Scoble said the construction process was not always smooth sailing. “It was a really lengthy time with approvals, particularly dealing with the potential view losses from other residents in the area.”
Michael Pallier, James Ball and Nicholas Wise of Sydney Sotheby’s International Realty sold the home and declined to comment on any aspect of the sale. Settlement will reveal the exact price and buyer’s identity.
Analysis
Why This Matters
- The sale comes at a time when Sydney's housing affordability is a major political issue, highlighting the contrast between affordable housing and luxury property.
- A record sale price for Coogee could signal continued strength in Sydney's prestige property market.
- The director of a company that offers low-cost shared housing selling a multimillion-dollar mansion raises questions about housing inequity.
Background
Lisa Scoble is the director of Bungalow Co, a Sydney-based shared housing company that rents fully furnished rooms from $200 a week. She bought the Coogee clifftop site in 2011 and commissioned a new luxury home, which she has now sold.
What to Watch
- The exact sale price and buyer's identity will be revealed at settlement.
- Whether this record sale influences other prestige property listings in Sydney's eastern suburbs.
Checked
12 claims in this story checked against 1 source: 12 supported.
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- SupportedScoble sold her Coogee mansion for a figure in the high $20 million range, according to local sources.Brisbane Times - Latest News: “Lisa Scoble , director of Bungalow Co, a shared housing company in Sydney, has sold her architecturally designed Coogee mansion for a figure in the high $20 million range, local sources say.”
- SupportedThe reported sale price would exceed Coogee’s $20 million suburb record but remain below the $35 million guide.Brisbane Times - Latest News: “Despite being below the $35 million guide , the sale would surpass the suburb record of $20 million achieved in 2024”
- SupportedA sold sticker indicated the home sold before auction on November 6.Brisbane Times - Latest News: “A sold sticker went up on the listing for Scoble’s home, indicating a sale before auction on November 6, with the price withheld.”
- SupportedBungalow Co offers furnished rooms for rent across Sydney from Bexley to Bondi, starting at $200 a week.Brisbane Times - Latest News: “Bungalow Co offers fully furnished rooms for rent across the city from Bexley to Bondi from $200 a week.”
- SupportedScoble bought the existing house on the clifftop site for $6.9 million in 2011, and it was demolished for a new build.Brisbane Times - Latest News: “Lisa Scoble purchased the existing house on the clifftop site for $6.9 million in 2011. It was demolished to make way for a new build.”
- SupportedThe rebuild was designed by architect Renato D’Ettorre and interior designer Belinda Brown and has five bedrooms and six bathrooms.Brisbane Times - Latest News: “Architect Renato D’Ettorre and interior designer Belinda Brown were enlisted for the multi-level, five-bedroom, six-bathroom rebuild above the cliffs of Gordons Bay.”
- SupportedThe home has a Verdi Alpi marble kitchen, gym, steam room, music room, cellar, infinity pool and self-contained studio.Brisbane Times - Latest News: “There is a Verdi Alpi marble kitchen, a gym and steam room, music room, cellar, infinity pool, self-contained studio and uninterrupted ocean vistas.”
- SupportedScoble said, “You really go on a journey throughout the home with its various spaces and enormous range of views,” during the property campaign.Brisbane Times - Latest News: “Scoble told this masthead during the property campaign that she was familiar with architect D’Ettorre’s work, particularly on Queensland’s Hamilton Island, and gave him scope to work his magic. “You really go on a journey throughout the home with its various spaces and enormous range of views,” she said.”
- SupportedScoble said, “It’s bittersweet to sell, but it’s the classic time to downsize.”Brisbane Times - Latest News: ““It’s bittersweet to sell, but it’s the classic time to downsize.””
- SupportedScoble said the approvals process was lengthy, particularly because of potential view losses for other residents.Brisbane Times - Latest News: ““It was a really lengthy time with approvals, particularly dealing with the potential view losses from other residents in the area.””
- SupportedMichael Pallier, James Ball and Nicholas Wise of Sydney Sotheby’s International Realty sold the home and declined to comment on the sale.Brisbane Times - Latest News: “Michael Pallier, James Ball and Nicholas Wise of Sydney Sotheby’s International Realty sold Scoble’s home and declined to comment on any aspect of the sale when contacted.”
- SupportedSettlement will reveal the exact sale price and buyer’s identity.Brisbane Times - Latest News: “Settlement will reveal the exact price and buyer’s identity.”