Billionaire Australian entrepreneur Peter Freedman is set to offload a mansion and a penthouse overlooking Sydney Harbour.
The sales could score the 65-year-old Rode microphones founder over $50 million.
Both pads are located in sought-after Potts Point, a mere 3.2 km from the CBD, and each offers amazing views of the city skyline.
Freedman appears to be working with high-profile real estate agent Gavin Rubenstein to sell off each of the properties, according to The Wentworth Courier.
A sign for Rubenstein’s TRG brand appeared out front of Freedman’s six-bedroom, eight-bathroom heritage mansion, the publication reported last week.
Freedman spent $30.35 million on the 1870s-built home in 2023 and is putting it under the hammer after announcing an $11 million renovation early in 2025.
Billionaire Australian entrepreneur Peter Freedman (pictured) is set to offload a mansion and a penthouse overlooking Sydney Harbour
Freedman spent $30.35 million on the 1870s-built home (pictured) in 2023 and is putting it under the hammer after announcing an $11 million renovation early in 2025
Freedman appears to be working with high-profile real estate agent Gavin Rubenstein to sell off each of the properties, according to The Wentworth Courier. Pictured: Inside the mansion
There is currently no listing for the mansion, but it is expected to attract buyers willing to spend upwards of $35 million.
Known as Jenner House, the mansion was the home of the prominent Hordern family, founders of the famous Australian retail brand.
Meanwhile, Freedman is readying to sell his penthouse in the boutique Ikon Tower block nearby, which he bought in 2018 for an eye-watering $16 million.
No price guide has been announced for the three-bedroom, three-bathroom apartment, which boasts ‘uninterrupted city and harbour views from every room’ according to the listing.
Neighbours inside the Ikon building told The Wentworth Courier that Freedman is selling off his mansion and the penthouse to fund a new prestige purchase.
The insiders say that the businessman was not willing to go through a renovation on the mansion and wanted something ‘already done’.
Freedman has two other apartments in the Ikon, one he snapped up for $8.2 million in 2023.
The ritzy spread features two bedrooms and two bathrooms.
There is currently no listing for the mansion, but it is expected to attract buyers willing to spend upwards of $35 million
Known as Jenner House (pictured), the mansion was the home of the prominent Hordern family, founders of the famous Australian retail brand
Meanwhile, Freedman is readying to sell his penthouse in the boutique Ikon Tower block nearby, which he bought in 2018 for an eye-watering $16 million
Built on the site of the old Chevron-Hilton Hotel, which was known in the 1960s as the ‘home to the stars’, the Ikon apartment complex features a spa, gym, and indoor heated pool.
Freedman also owns a three-bedroom pad in the tower, which he purchased in 2017 for $5 million.
Last year, Freedman, who owns Kurt Cobain’s guitar, vaulted into the elite club of Australia’s richest people, leaping into the Australian Financial Review’s Rich List after being valued at over $701 million.
His equipment has become the sound recording equipment of choice for millions who make social media videos and podcasts – and he is likely worth much more due to his US earnings.
In 2021, 2.5 million Rode products were sold into 118 countries and remarkably they are all manufactured in Australia.
This has propelled Mr Freedman into 192nd place on the list of 200 richest Australians, where you need at least $629million to qualify.
It is an incredible turnaround for Mr Freedman, who in the early 1990s was more than $11 million in debt, had lost his beloved father’s electronics shop, and was desperately trying to hawk a home-use microphone in Los Angeles while living off his credit card.
Mr Freedman had created the microphone by modifying a Chinese one he had picked up at a trade show 10 years earlier and rediscovered in his stockroom while looking for ‘anything he could sell’.