Channel Seven boss Bruce McWilliam sells his mansion in Sydney's Bellevue Hill for over $9million

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Channel Seven boss Bruce McWilliam sells his mansion in Sydney's Bellevue Hill for over $9million

Channel Seven boss and property mogul Bruce McWilliam sells his Spanish-mission mansion in Sydney's Bellevue Hill for over $9million a

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Channel Seven boss and property mogul Bruce McWilliam sells his Spanish-mission mansion in Sydney’s Bellevue Hill for over $9million after just eight days on the market

The Sydney property market is showing no sign of slowing down, with Channel Seven boss Bruce McWilliam selling his Bellevue Hill home in just eight days.

According to a report by realestate.com.au, the Spanish Mission-style investment property was recently sold for over $9million.

The five-bedroom home was listed with an $8.5million price guide, but is believed to have ‘sold well above’ that. 

Sold: The Sydney property market is showing no sign of slowing down, with Channel Seven boss Bruce McWilliam (pictured outside the Channel Seven office in Sydney in February 2014) selling his Bellevue Hill home in just eight days

Sold: The Sydney property market is showing no sign of slowing down, with Channel Seven boss Bruce McWilliam (pictured outside the Channel Seven office in Sydney in February 2014) selling his Bellevue Hill home in just eight days

The property sits on a 645 square-metre block, with the home built over three levels and offering ‘glimpses’ of Sydney Harbour.

Speaking to the Wentworth Courier, McWilliam said it was an opportune time to offload the property.   

‘The market seems strong – there’s a shortage of stock,’ the Seven Network commercial director explained.

Tidy profit: According to a report by realestate.com.au, the Spanish Mission-style investment property was recently sold for over $9million

Tidy profit: According to a report by realestate.com.au, the Spanish Mission-style investment property was recently sold for over $9million

Life of luxury: The property sits on a 645 square-metre block, with the home built over three levels and offering 'glimpses' of Sydney Harbour

Life of luxury: The property sits on a 645 square-metre block, with the home built over three levels and offering ‘glimpses’ of Sydney Harbour

‘And I think people value Bellevue Hill and they value Woollahra – it’s hard to get a house.’

McWilliam is estimated to own around $100million worth of residential property in Sydney’s eastern suburbs, as well as commercial property in Double Bay. 

He bought the Bellevue Hill home in his wife, Nicole McWilliam’s name back in 2007 for $4.72million, and was renting it out for $4000 per week. 

Moving on: Speaking to the Wentworth Courier, McWilliam said it was an opportune time to offload the property

Moving on: Speaking to the Wentworth Courier, McWilliam said it was an opportune time to offload the property

Making bank: The five-bedroom home was listed with an $8.5million price guide, but is believed to have 'sold well above' that

Making bank: The five-bedroom home was listed with an $8.5million price guide, but is believed to have ‘sold well above’ that

Speaking about his decision to sell the property, McWilliam said simply: ‘Sometimes you have to refresh the portfolio.’

He bought another property in Bellevue Hill for $5.4million in November last year, which is in need of renovations.

McWilliam lives in a property in Point Piper, close to his good friend and former business partner, Malcolm Turnbull.   

'The market seems strong - there's a shortage of stock,' the Seven Network commercial director explained

‘The market seems strong – there’s a shortage of stock,’ the Seven Network commercial director explained

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