Telstra's chief executive officer Andrew Penn to sell his contemporary South Yarra home

Telstra chief executive officer Andrew Penn is selling the South Yarra home he bought brand new seven years ago.

The UK-born executive, who migrated to Melbourne in 1992 – can expect between $3 million and $3.3 million for the Peter Street residence following an auction on September 2.

The 53-year old executive will move elsewhere in the inner-city following the disposal of his outgoing family-sized home.

The residence offers four bedrooms, three living areas, a cellar, gym and a double garage.

Kay & Burton’s Nicole Gleeson is representing Penn whose career in Australia began as an executive with National Mutual – a life insurance company which later merged with AXA Asia Pacific, where he held the group chief executive position between 2006 and 2011.

Penn has held the property for seven years.
Photo: Supplied

In 2012, Telstra’s then chief executive officer David Thodey appointed Penn as that company’s chief financial officer.

Three years later, following Thodey’s retirement, Penn moved into the telco’s top role. 

The listing is with Kay & Burton’s Nicole Gleeson.
Photo: Supplied

See more photos of the property here

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Car dealer drives new push for Ascot sale

Greg Willims and his wife Susanne first listed their Pringle Street residence in 2014.
Photo: Supplied

One of Brisbane’s top luxury car dealers is making a renewed push to sell his former Ascot residence.

Greg Willims and his wife Susanne have been trying to offload their Pringle Street home on and off since late 2014.

Willims sold his luxury car empire, which included 23 outlets focused on brands such BMW, Volvo, Mercedes-Benz, Lamborghini and Bentley, in 2015.

During the same year, the Willims’ purchased a $6 million palatial mansion on Ascot’s Palm Avenue.

There are hopes that the home will sell for around $2.5 million.
Photo: Supplied

Alma Clark, of Alma Clark Real Estate, is now the selling agent, hoping for offers around $2.5 million.

The house, constructed in 2002, has five bedrooms, two bathrooms and a swimming pool. 

See more photos of the property here