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Insurance moguls and ex-schoolmates revealed as owners of $80m Sydney mansion

Domain Property News •
November 02, 2026 • 01:52 AM
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The co-CEOs settle on a Rose Bay trophy home, falling just short of the suburb record.

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The mystery buyers who splashed more than $80 million on a mansion in Sydney’s eastern suburbs have been revealed as two local finance moguls and former schoolmates.

The former Scots College students took ownership of the Tivoli Avenue residence on Friday after a 12-month settlement, The Australian Financial Review reports.

The mansion was previously owned by property developer Orazio Camuglia and his wife, Yolanda. It was listed in April 2025 with an $85 million price guide.

Gourlas and Angelis paid $82.5 million for the property, which neighbours John’s father, Coverforce co-founder Jim Angelis.

The property consists of three separate residences with a total of eight bedrooms, 10 bathrooms and four car spaces, set on 1138 square metres.

Interiors are contemporary with concrete detail, floor-to-ceiling glass, parquetry floors and Carrara marble. There’s also a pool, gym and sauna.

A terrace offers uninterrupted views of the Opera House and Harbour Bridge and there is a boathouse for sailing enthusiasts.

The $82.5 million sale was just shy of the Rose Bay suburb record.

Alex Birkenstock, a billionaire heir to the iconic German footwear company and his wife Vanessa, paid $83.5 million for a mansion on Bayview Hill Road in December 2025.

The five-bedroom estate spans an elevated 1039 square-metre parcel and was designed by high-profile Sydney architects David Walker and Peter Janks.

Many of the rooms within the home have harbour-facing balconies offering unobstructed views of the Sydney Opera House and Harbour Bridge.

It also has a 10-seat cinema, games room and executive home office.

The Birkenstocks purchased the home from Lawrence Myers and his wife Sylvia.

Myers is the chief executive of Consolidated Press Holdings – James Packer’s family office.

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