Futuristic Sydney-Area Home of Late Australian Businessman Lists for A$9 million

The home of an Australian businessman who died tragically in a helicopter crash in 2022 is on the market with a A$9 million (US$5.9 million) price guide.

Peter Woodland, the late director of Barbeques Galore who purchased the expansive family estate just north of Sydney in 2017, was killed in April 2022, when his helicopter crashed in the Snowy Mountains in New South Wales. He was 75.

Woodland, who was a keen pilot and even installed a helicopter hanger and helipad at the residence, bought the home from acclaimed landscape photographer Richard Green, who built the unique property in Terrey Hills in the 1990s. He also died in a helicopter crash in 2015 .

The vast five-bedroom house is located in a lush native bushland setting off Mona Vale Road.

“Sitting right on the cliff’s edge, it looks right out over the bush to the water, and its proximity to the beach and even the city means it’s pretty special,” said listing agent Shayne Hutton of Sydney Country Living, which listed the home earlier this month.

Walls of fireproof glass and dozens of skylights with electronically operated Vergolas mean the natural landscape acts as a dramatic backdrop to every room. The neighboring national park and 5 acres of landscaped gardens are met with panoramic views stretching to the Pacific Ocean.

“It’s really country living in the city. That’s the only way to describe it. This place is perfect for anyone who is just sick of crowds and wants to get away, even if it’s as a secondary property they’ll use as a weekender,” he added.

The concrete-and-steel trophy home has a Travertine-tiled entrance foyer with 20ft ceilings which leads through to two separate wings; one for living and another for sleeping. With a choice of everyday spaces, each living zone has sweeping district views and doors to the wraparound veranda.

In addition to casual living and dining rooms, there are formal entertaining areas, a library, a home office or extra family room, a professional photographer’s darkroom plus a large artist’s studio that could also be used as a poolside cabana with wet bar.

The granite kitchen has Gaggenau appliances, a grand island bench, a walk-in pantry, and an adjoining central courtyard with water features, perfect for a chef’s herb and vegetable garden.

While two bedrooms sit on the ground floor, four more occupy the upstairs accommodation level including a palatial primary suite. This parents’ retreat has a balcony, a vast dressing room plus walk-in wardrobe and a deluxe ensuite with freestanding bathtub, a double shower and twin vanities. One other bedroom features an ensuite and two more share a full family bathroom and powder room.

Outside, there are multiple entertaining terraces and courtyards, but the icing on the cake is the solar-heated pool and sun deck. Then the property’s standout feature is its state-of-the-art helipad with a fully incorporated turntable and a full-size helicopter hangar. Above the helipad, there is also a treetop viewing platform.

“A lot of people who might live on a farm have helicopters or just want the convenience to get in from the airport. It’s a great feature of the home and could be used for a variety of uses. For buyers without a helicopter, it could be an ideal car showroom,” Hutton said.

Additional features of the Terrey Hills residence include remote-controlled lock-up garages for up to five cars, storerooms, a wine cellar, ducted air conditioning, a security alarm and video intercom.

The Sydney sanctuary is surrounded by walking and biking trails, is a short drive to the transport and shopping hub of Chatswood and is an approximate 15-minute drive to local beaches.

By any traditional measure, Australia’s property market should be moving in sync. Instead, it is fragmenting.

New research from MaxCap, led by Head of Research Bruce Wan, paints a picture of a market no longer defined by national trends, but by sharp regional divergence, where performance gaps between cities are widening, and the smartest capital is moving accordingly.

At the top end of the ladder, Perth and southeast Queensland are surging ahead. At the other, Melbourne and Auckland are only just beginning to recover from recent downturns. And sitting squarely in the middle is Sydney, steady but constrained.

The takeaway is clear: the era of relying on headline markets is over.

The rise of the unexpected leaders

Brisbane and the broader southeast Queensland region have emerged as standout performers, driven by population growth, infrastructure investment and a sustained undersupply of housing.

According to the report, housing values in the region have continued to accelerate, supported by long-term tailwinds including the 2032 Olympic Games and a decade of relatively subdued price growth prior.

Perth is telling a similar story, albeit for different reasons. Once heavily tied to commodity cycles, the Western Australian capital is now benefiting from a broader base of economic drivers, including defence spending and sustained resource sector strength.

The result is a housing market that remains one of the strongest in the country, even as price growth begins to ease from its peak.

Sydney holds, but doesn’t lead

For Sydney, the story is more nuanced.

While prices continue to climb and the city remains Australia’s most expensive market, affordability constraints are clearly limiting its pace. Residential growth, while positive, lags behind smaller capitals, and commercial sectors are being held back by softer demand in key industries.

There are, however, signs of momentum building. New infrastructure, including the western Sydney Airport and expanded rail networks, is expected to unlock development opportunities and support future growth, particularly in emerging precincts.

Still, the report positions Sydney firmly in the “middle of the pack”, no longer the automatic frontrunner for investors.

Melbourne’s slow reset

Melbourne, once a consistent performer, has spent recent years recalibrating.

Extended lockdowns, combined with new state property taxes, have weighed heavily on investor sentiment and pricing, particularly across the commercial office sector. Residential values have also underperformed, though for different structural reasons.

Now, there are early signs of recovery.

Improved affordability, population growth and a stabilising economic backdrop are beginning to draw buyers back into the market, with both residential and commercial sectors showing tentative signs of improvement.

Auckland’s turning point

Across the Tasman, Auckland has faced its own challenges, particularly from an outflow of younger workers to Australia, which has dampened demand and stalled price growth.

But here too, the tide appears to be shifting.

A return to positive migration, lower interest rates and policy changes — including the easing of foreign buyer restrictions — are expected to support a gradual recovery, alongside renewed interest from offshore capital.

A market that rewards precision

If there is one unifying theme, it is this: broad-brush strategies no longer work.

MaxCap’s research highlights that the most compelling opportunities are increasingly found outside the traditional powerhouses of Sydney and Melbourne, requiring investors to take a more targeted, locally informed approach.

“Given these persistent performance gaps, there is plentiful scope for alpha returns, just by picking the right locations and market segments,” the report notes.

In other words, success in this market is no longer about being in property — it is about being in the right property, in the right place, at the right time.

And increasingly, that place may not be where you expect.

Futuristic Sydney-Area Home of Late Australian Businessman Lists for A$9 million

The concrete-and-steel house, last owned by Peter Woodland of Barbeques Galore, has Pacific Ocean views and a helicopter hanger

New research shows a widening divide across Australia and New Zealand’s property markets, with investors increasingly forced to look beyond traditional strongholds to find real returns.