Heiress Francesca Packer Barham has sold her apartment in the landmark Horizon tower, making her just the latest high-profile seller to show that Sydney is fast turning into a discounters’ market. The 29-year-old daughter of billionaire Gretel Packer originally had hopes of $35 million when it was being shown off market, but that was revised to a guide of $32 million almost a year ago when it was officially launched. It has languished on the market since, and had a revised guide of $30 million more recently.
Francesca Packer Barham has sold her sub-penthouse in the Horizon building for close to $28 million. Credit: Domain An independent source said the sale result was close to $28 million, and settlement will reveal the exact figure. Packer Barham has owned the whole-floor spread on level 40 of the architect Harry Seidler-designed building since 2019, paying $15.
8 million after a dramatic redesign by the previous owner Julie Graham, wife of Melbourne eye specialist Dr Glen Fernando. Francesca Packer Barham is the granddaughter of Ros Packer (centre) and daughter of Gretel Packer (right). Previous owners include car dealer Neil Sutton, who had bought it for $6.
7m in 2009 from billionaire property developer Bob Ell. Discounting has preceded a slew of high-end sales in recent weeks. Commercial property developer Andrew Podgornik and his wife Chloe abandoned their $30 million hopes of last year on their Bronte designer home before it sold recently for about $25 million to inter.