Ex-TV network boss and surfer Dave Gyngell flips never-lived-in Snapper Rocks apartment for $5.1 million

Scoops up nearly a million bucks profit in “wipeout auction”…

The former TV boss and lifelong surfer Dave Gyngell, who famously went toe to toe with the owner of his station in a wild scrap on the streets of Bondi, has flipped his Snapper Rocks joint for five mill, almost a million bucks more than when he bought it off the plan for $4.2 mill in 2021. 

The big-wave shredder turned real estate agent Ryan Hipwood secured the deal for his pal in the first sale of the newly completed Awaken building with 360 degree views overlooking D-Bah, Snapper, Rainbow Bay and the semi-sorta mountains out west.

The buyer was “a mystery surfer” according to press reports although, as reported a few months back, it was cashed-up surfing super-daddy and beer baron Josh Kerr who blew the auction out of the water with his $5.1 million bid.

Josh Kerr, who is forty and daddy to the incredible one-day-she’ll-be-world-champ Sierra Kerr, parlayed a fortune made on the back of beer start-ups St Archer and Balter into the whole-floor apartment or “sky home” as realtors call ‘em. 

The joint spans almost three thousand square feet, has three bedrooms, three bathrooms and the sorta German engineered appliances (Gaggenau, if you’re wondering) that bring a perverse joy every time you pull open their heavy stainless steel doors.

As pretty as that sounds, and it is, real estate prices on the Gold Coast, which is pretty to look at but has a dark underbelly, are inflated to hell and, one day, the reckoning will come, as it always does.

Josh Kerr, of course, came to prominence seventeen years ago when he unveiled what would come to be called The Club Sandwich (courtesy moi) in a heat with Mick Fanning at Snapper Rocks.