Shari-Lea Hitchcock buys $5m Vaucluse home

​SYDNEY socialite, Shari-Lea Hitchcock, the long-time mistress of late billionaire Richard Pratt, is moving out of her daughter’s waterfront home in Watsons Bay, having bought her own $5,055,000 home in the next suburb.

It’s a turnaround on the usual course of events in which the child moves out of the family home but then few 18-year-olds are as wealthy as Paula Pratt.

Six months ago settlement of Richard Pratt’s will left his daughter with the bulk of some $100 million, including cash, shares, the Watsons Bay waterfront home she has long shared with her mother and a farm in Cambewarra, near Nowra on the South Coast.

When Pratt died in 2009, aged 74, he was worth an estimated $5.48 billion, according to the BRW Rich List, making him Australia’s then fourth-richest person.

Hitchcock’s new digs in Vaucluse don’t claim a waterfront position like her daughter’s home, but there are still plenty of high-end luxury finishes for Hitchcock and her boyfriend, Dallen Alexander.

Designed by architect Mathew Stubbs, of Stubbs Design Tribe, the six-bedroom, four-bathroom home comes with a home cinema, swimming pool and harbour views.

Hitchcock settled in the Fitzwilliam Road property this week, having bought it late last year under the hammer through Sotheby’s International’s Michael Pallier.

Tablet - Narrow
Tablet - Wide