BREAKING: Tony Tartak, founder of waste removal giant Bingo Industries, has just sold half of his luxurious Crown Residences floor for a staggering $35.5 million, nearly doubling his investment made just two years ago. This sale underscores the booming luxury real estate market in Sydney, with the Tartaks capitalizing on their strategic purchase made in 2021.
The couple originally bought two expansive units off the plan for a combined $40 million, with the recent transaction indicating a remarkable return on investment. The unit sold is part of the prestigious Crown Towers, where the lavish lifestyle meets remarkable financial gains.
Details surrounding the sale reveal that the transaction was finalized through Speed and Stracey Lawyers, with Daniel Appleby and Malcolm Stewart handling the title. The remaining unit, featuring four bedrooms and four bathrooms designed by renowned architect Rob Mills, is still available for sale with a price guide exceeding $40 million.
Located in the heart of Sydney, the unsold unit spans an impressive 420 square metres, offering breathtaking views of Sydney Harbour. It features luxurious amenities, including two expansive living rooms and two marble kitchens equipped with state-of-the-art Sub Zero fridges and Wolf cooktops.
The Tartak family’s financial success is further highlighted by their recent ranking as No. 194 on The Australian Financial Review’s Rich List for 2025, boasting an estimated wealth of $781 million. This financial prowess showcases the Tartaks’ keen investment acumen in the competitive real estate market.
As luxury properties continue to attract buyers in Sydney, the remaining unit’s high-profile listing remains a focal point for potential buyers, indicating a continued upward trend in property values. Real estate experts suggest that this dynamic market could see further developments in the coming weeks.
Keep an eye on the Crown Residences as more transactions unfold, potentially reshaping the landscape of luxury real estate in Australia. The Tartaks’ strategic decisions may serve as a benchmark for other investors looking to maximize returns in this vibrant market.
