Finance whiz buys neighbour's $21m home, smashing inner west suburb record
UNSW law professor and barrister Dr Peter Cashman has sold his historic waterfront home Keba for a new peninsula high to Ty Dincer, chief executive of investment advisory firm MEC Global Partners Asia, and his partner Mel Toluk, settlement documents have revealed.
While the four-bedroom, four-bathroom sandstone house fell short of the $25 to $27 million price guide given when it first hit the market last year, the home's price increased almost fourfold since Cashman's late wife, psychologist Polly Tickles, purchased it for $5.36 million in 2001.
The prestige sale of the 1878-built residence also comfortably resets the previous peninsula record, which was held by the gothic estate Rothesay in nearby Balmain East, which sold for $19.76 million.
Cashman, a director of not-for-profit legal fund Grata, has had a distinguished legal career, making significant contributions to law reform in the country as commissioner with the Victorian Law Reform Commission in charge of the Civil Justice Review, as well as commissioner with the Australian Law Reform Commission on class actions.
The 74-year-old was also a founder of Cashman & Partners, which later merged to become Maurice Blackburn Cashman, now known as Maurice Blackburn.
His purchasers, Dincer and Toluk, didn't move far at all given they owned the neighbouring four-bedroom waterfront property, which Dincer originally purchased for $7 million in 2020. They offloaded it to a local earlier this year above its last price guide of $10 million, local sources say. Turkish-born Dincer was also head of Asia Pacific Real Estate at the Abu Dhabi Investment Council, according to his LinkedIn.
As for Cashman, he didn't move far either, having purchased another four-bedroom waterfront on the peninsula. But it has curiously returned to the market with a $7.35 million price guide – the same price he paid for it just eight months ago.
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