BREAKING: Tony Tartak, founder of waste removal giant Bingo Industries, has just sold a half-floor unit in the prestigious Crown Residences for a staggering $35.5 million, nearly doubling the investment made just two years ago. The sale marks a significant profit from the $40 million purchase of two lots in 2021, highlighting the booming Sydney real estate market.
The transaction, confirmed by sources close to the deal, reflects a growing trend of luxury property investments yielding high returns. The unit sold features expansive living spaces and breathtaking views of Sydney Harbour, showcasing the allure of high-end real estate in Australia’s largest city.
The Tartaks opted to keep the two units separate, a decision that has proven financially savvy. Currently, the other unit, designed by renowned architect Rob Mills, remains on the market with a listing price of over $40 million, as reported by Steven Chen of The Agency and Luke Hayes of Colliers. Although rumors swirl that Chen may have facilitated the sale, he declined to comment when approached.
This latest transaction underscores the Tartak family’s remarkable financial ascent, as they recently secured the No. 194 spot on The Australian Financial Review’s Rich List for 2025, boasting an estimated wealth of $781 million. The rapid appreciation of their property investments illustrates not only their business acumen but also the resilient demand for luxury properties in Sydney.
The sold unit spans 420 square metres and boasts two living rooms, two marble kitchens equipped with Sub Zero fridges and Wolf cooktops, making it a prime living space for affluent buyers. As the other half of the floor remains available, all eyes are on the evolving luxury market in Sydney, with potential buyers keen to secure a piece of this high-value real estate.
WHAT’S NEXT: Real estate analysts are closely monitoring the remaining unit’s performance as interest in luxury properties continues to surge. With the Tartaks now poised to reinvest their profits, the market will be watching for their next move in the competitive realm of high-stakes real estate.
Stay tuned for updates on this developing story as more details emerge. This transaction not only signifies a milestone for the Tartak family but also reflects the ongoing transformation of Sydney’s property landscape.
