Former Woolies and Ticketek boss’ $3 million property deal

Brad Banducci, the former chief executive of both Ticketek operator TEG and Woolworths, has sold his North Bondi investment property in a multimillion-dollar deal.

A sold sticker went up on the listing, indicating a sale by private treaty on June 12 with the price undisclosed. It will be left to settlement documents to reveal the exact sale price as listing agents Alexander Phillips and Vince Licata of PPD Real Estate were tight-lipped when contacted by this masthead.

Banducci bought the pad for $2.24 million in 2019, records show. The apartment has neutral interiors, a stone-topped kitchen, tiled floors and a full-width balcony.

Banducci announced in February 2024 that he would step down as the chief executive of Woolworths, finishing in September that year, after 13 years with the Woolworths Group and eight-and-a-half in the top job.

Banducci commenced his role as chief executive of the Ticketek Entertainment Group in April 2025 and announced his exit after little more than a year in the top job.

“When I joined the group just over a year ago, I came in to do a specific role – to set the group up for the next horizon of growth,” Banducci said in an official statement. “I felt the time was right to transition leadership of the group.”

Jamie Durie has refreshed the campaign to sell his four-level Avalon Beach home, offering a $5 million discount.

The six-bedroom, six bathroom waterfront estate that was designed by the TV personality and landscape designer had a price guide of $33 million when it launched to market late last year, and is now listed at $28 million via an expressions of interest campaign.

Original listing agents James Baker and Adrian Venturi of McGrath Pittwater and Mona Vale are still on board, however, Ray White Double Bay’s Adam Reichman and Ashley Bierman have joined the property campaign.

Baker told this masthead of the adjusted guide: “Two recent sales in the suburb, both in December last year, sold for $28 million and $27 million, so we feel that’s the latest indicator of value in the area.”

It comes as multiple listings in Sydney’s prestige market have seen a reduction in asking price. El Jannah co-founders, Andre and Carole Estephan, have reduced the $11 million guide set in February to $9.35 million to $9.85 million for their Dural home, and former Test cricket captain Michael Clarke slashed the asking price of his Vaucluse property to $18 million-plus after listing it in November for about $20 million.

Deborah West, founder of SydneySlice buyer’s agents, who has no affiliation with the listings, said she has noticed so