Alan Joyce preparing to sell controversial $20 million mansion
Outgoing Qantas CEO Alan Joyce is saying goodbye to more than his long-time role at the airline as he prepares to sell his controversial harbourside mansion.
The veteran airline boss purchased the gorgeous North Shore home for a staggering $19 million in May 2022.
Soon after he was forced to launch a fierce defence of his excessive spending habits after Qantas announced a whopping $1.9 billion loss.
The airline came under fire for poor customer service, extended wait times for flyers, and drama over lost bags and late flights, amid legal action over its move to lay off workers that lead to Joyce launching the defence of his own record as airline boss.
He said he was tired of being forced to justify his professional and personal decisions.
“Why is it relevant what I do in my private life? I’m not a public figure. People regard the CEO of Qantas as like a politician and it definitely shouldn’t be. It’s a business figure,’ Joyce told The Australian in 2022.
“It’s been well reported over the years how much I get paid, so I do have the money because Qantas went to record profits and had a record share price.”
According to reports, Joyce is set to sell his short-term blue chip pile in Mosman, overlooking Mosman Bay and move into a generous penthouse in The Rocks.
It is understood that Joyce has undertaken some refurbishments on the Mosman home. That paired with the competitive market for prestige homes in Sydney means the home could sell for more than $20 million.
The luxe home has been previously owned by former foreign exchange dealer Alison Ethell and her sister, Jane, since 1993 when it cost $1.25 million.
Image credit: Getty / Realestate.com.au