Gai Waterhouse nabs David Hayes Kensington house that backs onto Randwick Racecourse for $7.3m

Trainer Gai Waterhouse was auctioned last night with her husband, Robbie Waterhouse, who was bidding. Photo: Toby Zerna

Trainer David Hayes’s Kensington family returning to Randwick Racecourse has been sold to the most obvious buyer — and she pays $ 3.3 million more than the price guide to win the race.

Trainer and businessman Gai Waterhouse spent $ 7.3 million on an independent Victorian house with stables behind it. 166 Doncaster Avenue..

This is the highest price ever paid for a suburban home. Earlier records were $ 7.2 million for homes purchased by developers.

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Bradfield Cleary’s William Tsugaris and Bob Guth — who celebrated the Waterhouse with a $ 7.3 million purchase on Instagram last night — led $ 4 million ahead of last night’s auction.

However, it is understood that they had a $ 4.5 million reserve when placed under a hammer in the double-bay room of auctioneer Damian Cooley.

The property includes a Victorian independent home.

But the real prize was the rear stables back at the Randwick Racecourse.

The bid began with a $ 4 million vendor bid, with Australia’s most famous bookmaker Robbie Waterhouse sitting next to his wife Guy and offering $ 4.1 million.

Bids then surged to $ 5.5 million in increments of $ 100,000, with an additional $ 50, an additional $ 300,000 bid, and a few more $ 100.

Racing NSW CEO Peter V’landys threw even a few bids.

But given that she already owns assets on either side, perhaps the waterhouse has always come forward.

The old residence has 4 bedrooms and 2 bathrooms and is located in a 613 square meter level block with a frontage of 15m.

However, the stables in the back with direct access to the racetrack in the back were ridiculous of the horse-like type.

There were eight horse boxes in the stables.

“Literally, you can take your horse out of the box to the racetrack.”

As Tsagaris told Wentworth Courier in a story promoting the list, he said:

“There are eight horse boxes, and you can literally take them out of the box and take them to the racetrack.”

Hayes and his wife, Plou, bought the property in 1989 for $ 610,000.

More recently, the focus has been on Hong Kong rather than Sydney, and boxes have not been used.

The developers were also interested.

Place of originGai Waterhouse nabs David Hayes Kensington house that backs onto Randwick Racecourse for $7.3m

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