John Paul Young's former Bronte home resells for $11.95m

The Federation house, which now includes a three-bedroom home and a self-contained studio with a saltwater pool and ocean views, was sold by the Spanko family. Retired solicitor Rennie Spanko and his wife Pauline owned the property since 1985 and sold it as they downsize.

John Paul Young, perhaps best known for the 1977 hit Love Is in the Air and his appearances on Countdown, sold the home to the Spankos for $265,500. Young previously told Domain he had "great times" at the residence.

Bronte's median house price fell 15.2 per cent over the year to September to $5,235,000, according to the Domain House Price Report, but the suburb has recorded multi-million-dollar auction results. Alexander Phillips of Ray White Phillips & Co, who sold the home alongside Thomas Fuller, James Ball and Edward Quince, said Bronte was a very resilient suburb in down markets. "It's because of the community aspect, access to the city and the beach. It's not a transient suburb like Bondi or Coogee," he told this masthead. Ball added the appeal was down to the "amenities, proximity to schooling and the healthy lifestyle on offer".

In other high-end property news, a two-level penthouse at One Sydney Harbour in Barangaroo has hit the market with a price guide of $85 million. With 700 square metres of internal space, the penthouse was purchased by Qing Zhong, managing director and chief executive of mining company Admiralty Resources, for $48.14 million in 2025 and has never been occupied. Selling agent Hui Xu said the penthouse would appeal to internationally active entrepreneurs seeking a prestigious Sydney base and Australian local families seeking space and privacy.

NRL star Nathan Cleary has reduced the asking rent on his Curl Curl cottage from $2350 to $2000 per week. Cleary purchased the property for $5.5 million in June and has since transformed it with new floorboards, a brand-new kitchen and an updated bathroom.