Zimmerman founder sets new price record for Bondi home
<p>Simone Zimmerman has set a new home price record for Bondi, and she didn't even need to take out a mortgage. </p>
<p>The fashion guru and founder of Zimmermann has splurged $30 million for her four-bedroom, three-bathroom home just moments away from the iconic Bondi Beach. </p>
<p>“This ocean front executive residence is tucked away in a quiet street only moments to the iconic Bondi Beach and all it has to offer,” the listing for the beachside home read. </p>
<p>According to property records, the home - which is located just behind the popular Bondi to Bronte walk - last sold for $5.75m in June 2008.</p>
<p>The fashion mogul is reported to have bypassed local real estate agents, purchasing the home directly from a local investor. </p>
<p>No major changes have been made to the home since, but prior to Zimmerman's purchase it was being rented out at $4,400 per week. </p>
<p>According to PropTrack the median house price for Bondi is around $3.75m, which went up by 4.7 per cent over the past year. </p>
<p>The stunning home features 4 double bedrooms, all with large built-in wardrobes and a separate study perfect for the business-woman. </p>
<p>It also has a gourmet kitchen with a stainless-steel benchtop and large open dining room. </p>
<p>The lounge room opens onto a large deck with beautiful ocean views and plenty of natural lighting. </p>
<p>This comes after the luxury womenswear label sold a majority stake in its company to private equity investors in August last year. </p>
<p>Sisters Simone and Nicky Zimmerman are founders of the brand, which initially began as a stall in Sydney’s Paddington market, before the sisters opened their first local shop in Darlinghurst. </p>
<p>It now operates across 58 global destinations in the USA, UK, Europe and China, with the sisters now having an estimated net worth of around $1bn each. </p>
<p><em>Images: Realestate.com.au</em></p>
