Pony for Christmas? Sydney’s well-heeled opt for equestrian estates

There was a time when really lucky girls and boys scored a pony for Christmas, but in these heady times it seems an equestrian estate is more the thing.

None of which seems to be lost on childcare businessman and GWS Giants deputy chairman Adrian Fonseca, given his wife Nancy Reardon-Fonseca and their daughters Sophia and Olivia are all keen horse riders (although not their son, Alex).

The Duffys Forest estate recently bought by Katharine and Justin Davis-Rice for more than $14 million.

The Duffys Forest estate recently bought by Katharine and Justin Davis-Rice for more than $14 million.Credit:

Fonseca has forked out $14.38 million for the Duffys Forest trophy estate Claremont, which is only a tad more than the $14.35 million Fonseca paid for the family’s Bellevue Hill residence in 2018.

The couple’s new 2.2 hectare estate comes with all the bells and whistles for life in lockdown. Think billiard room, library, home cinema and gym in the main homestead, as well as tennis court, guest cottage, two pools and impressive equestrian facilities.

No word yet on what Fonseca plans to do with the other weekend acreage in Terrey Hills he bought for $4.6 million in 2016.

The sale of Claremont, by Sydney Country Living’s Shayne Hutton, has set a record for the Forest on behalf of Malcolm Turnbull’s preferred Chinese herbalist Dr Shuquan Liu and Dajing Li, who are moving to a recently purchased $5 million acreage in Terrey Hills.

Until recent years, the Forest’s luxury estates had struggled to breach the $10 million price level despite cashed-up local homeowners such as Dick Smith, Andrew Pridham, Ian Oatley and Paris Neilson.

That changed in 2018, when outdoor advertising boss Ray Balcomb secured $10.25 million for his Duffys Forest equestrian estate – which has resold a couple of times since, most recently in October for more than $14 million. Clarke & Humel’s Michael Clarke is yet to reveal the result, but the buyer is the chief of lingerie company Naked Brand Justin Davis-Rice and his wife Katharine.

Yerbury’s educated investment

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