New Zealand buyer secures Bob Biddle's Witta Circle, Noosa waterfront
Bob Biddle, founder of Origin Healthcare, and his wife Renee have secured $6.5 million for their Noosa retreat.
They had initial hopes that 25 Witta Circle, Noosa Sound would fetch above $9 million.
It has been bought by New Zealanders in the insulation business.
The Noosa Sound waterfront home is a 600 square metre property, with four bedrooms, three bathrooms and a 20-metre lap pool.
The neighbours include billionaires Bob Ell, John Van Lieshout and Toll Holdings founder Paul Little.
The Biddles sold their Melburnian penthouse in St Kilda Road, Melbourne for $15.4 million in 2009 having purchased 25 Witta Circle, Noosa for $8.25 million in 2008 from Graeme Cutler.
They spent about $2 million on rebuilding parts of the house.
On its late 2013 offering it was suggested the Biddles’ house would provide a bellwether for 2014.
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Title Tattle recalls the then Mosman stockbroker Graeme Cutler and his wife Suzanne had listed the Noosa riverfront property at $9.75 million in 2008.
The Cutlers had rebuilt the house to a Gustav Donoval design following its purchase in 2003.
The Witta Circle property was previously owned by the Toorak-based Credit Suisse Asset Management executive vice-chairman Keith Ince, who upgraded to another Noosa retreat.
