Socialite Kate Waterhouse and her former rugby league player husband Luke Ricketson have emerged as the buyers behind one of Mosmans highest sales this year, splashing $17.8 million for a house fronting Balmoral Beach.
It was an off-market purchase by the couple from rag trader Ling Zijian, more than three times the $5.3 million it last traded for in 2003 when sold by then internet entrepreneur Wayne Passlow.
Passlow sold at a loss a year after his Open Telecommunications software company went into voluntary administration in the wake of the dotcom bust, having paid $5.9 million for it in2000 from the late yachtie Warren Johns and his widow Joan.
Ling, 61, is the head of fast fashion label Ladakh, a Surry Hills distributor of womens, …
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