Gretel Packer, billionaire daughter of media tycoon Kerry Packer, buys $59m property next to her Bellevue Hill home; check her real-time net worth and where she stands among Australia’s richest

Gretel Packer, billionaire daughter of late media tycoon Kerry Packer, is all set to end 2025 on a high after paying a whopping $59 million for a property next door to her Bellevue Hill home, according to settlement documents cited by The Sydney Morning Herald. She paid $59 million for the estate of her late neighbour, Graham Nock, of the Nock and Kirby hardware family, in an off-market deal.

The estate was sold to Packer by Ken Jacobs of Forbes Global Properties, who declined to comment on the transaction. According to Real Estate Australia, the purchase more than doubles the size of her sprawling Sydney estate, with the $3.3 million stamp duty pushing the total cost to well over $60 million.

According to The Sydney Morning Herald, the property consists of a pink fixer-upper and an enclosed pool of approximately 1435 square metres and an adjacent vacant block of 1188 square metres, coming to a total of approximately 2630 square metres.


Sold in early October, 2025, according to the Real Estate Australia website, it is an unrenovated pink house and a neighbouring vacant block. Packer’s mansion, Winston, was right next door. She expanded her luxury compound by an extra 2631 sq m.

Gretel Packer's net worth

Gretel Packer, the elder sister of fellow billionaire James Packer, has a real-time net worth of $1.6 billion as of December 13, 2025, according to Forbes. She became a billionaire after James divided their family estate a decade following the 2005 death of their father, media mogul Kerry Packer.

Known for maintaining a famously low profile, Gretel was the driving force behind the establishment of the $160 million National Philanthropic Fund in 2014, which is supported by the Packer Family Foundation, where she serves as chair.

At 59, she lives in Sydney, holds Australian citizenship, and is divorced with three children. In Forbes listings, she ranks 2,110 among the world’s billionaires in 2025 and 41 on Australia’s 50 Richest. Her wealth primarily stems from investments.