Jet founder puts his money where his mouth is and buys in Hollywood

Jet founder puts his money where his mouth is and buys in Hollywood
Jonathan ChancellorSeptember 28, 2011

It’s not goodbye Hollywood for Australian band founder Chris Cester. It’s been reported he’s spent $US1,875,000 on a 1924 Hollywood house.

The 171-square-metre home comes with two bedrooms and two bathrooms. The purchase is set in Laurel Canyon.

He has his current four-bedroom, two-bathroom home in Hollywood on the market for $US1,075,000.

According to BlockShopper.com, there have been 519 home sales in Hollywood during the past 12 months, with a median sales price of US$700,000. Trulia says the average list price for Hollywood Hills is US$1.9 million.

Cester who formed the band Jet with his brother Nic Cester,  grew up in Dingley Village, a suburb just out of Melbourne.

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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