Tony Tartak, founder of the waste removal company Bingo Industries, and his wife, Mary Tartak, have successfully sold one of their units in the prestigious Crown Residences for $35.5 million. This sale, finalized recently, reflects a remarkable investment return, nearly doubling the couple’s initial purchase price of $40 million for two units acquired in 2021.
The Tartaks purchased the two units off the plan, with the transaction recorded under Mary’s name. The decision to retain them as separate residences has proven lucrative. According to settlement documents, the $35.5 million sale price was confirmed, with the title lodged by Speed and Stracey Lawyers, represented by Daniel Appleby and Malcolm Stewart.
Luxury Living and Future Prospects
The remaining unit, a four-bedroom, four-bathroom property that features a redesign by renowned architect Rob Mills, is still on the market with a price guide exceeding $40 million. This unit spans an impressive 420 square metres and offers breathtaking views of Sydney Harbour. It boasts two expansive living areas and two gourmet kitchens equipped with high-end appliances, including Sub Zero refrigerators and Wolf cooktops and ovens.
Real estate sources indicate that the size of the two units became more than the Tartak family required, prompting the sale of one half. Steven Chen of The Agency and Luke Hayes of Colliers are managing the sale of the remaining unit. Although there are rumors that Chen may have facilitated the sale, he declined to comment when approached for clarification.
Financial Standing and Industry Impact
The Tartak family’s financial success is underscored by their inclusion in The Australian Financial Review’s 2025 Rich List, where they ranked at number 194, with an estimated wealth of $781 million. Their investment in luxury real estate, particularly in such a high-profile location, highlights their significant influence within both the property market and the broader business landscape.
This recent transaction not only reflects the ongoing demand for premium residences in Sydney but also underscores the substantial returns that can be achieved in the luxury property sector. As the market evolves, the Tartaks’ strategic decisions serve as a case study for investors looking to capitalize on high-value real estate opportunities.
