Barakats bounce back in Brisbane

Barakats bounce back in Brisbane

Former hairdresser/property developer Anthony Barakat and wife Terrie are living proof it’s possible to bounce back strong after financial woes.

The Barakats had sold their sprawling Dickson Terrace home in Hamilton for $5million in 2012, five months after receivers were appointed to several of Mr Barakat’s assets, according to official records.

The new buyer at the time was a company called Hazell Corp – which was linked to Anthony Moreton Group founder Tony Hazell.

Luckily for the Barakats, five years later Mr Hazell agreed to sell it back to Mrs Barakat for $250,000 more than he had paid them for it.

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This month, Mrs Barakat has re-listed the property for sale via expressions of interest closing 5pm on March 28 “if not sold prior”.

Barakat’s property trail includes some of Brisbane’s most beautiful properties, including Brisbane’s most expensive home – the $18m 1 Leopard St in Kangaroo Point – which used the same designer, Greg Harris, as the Hamilton tri-level masterpiece.

It was described as being on a large “756sq m corner block with 30.6m frontage offering incredible panoramic river and city views”.

The six bedroom, five bathroom home has an infinity edge pool with full-equipped covered barbecue terrace, electric glass sliding doors, large fully-self contained guest quarters, a temperature controlled wine cellar and dual street access with a two car garage off each street – Toorak Road and Dickson Terrace.

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