With the Parsley Bay summer lull well and truly over, the residents of Sydney’s eastern suburbs are back doing what they do best — preparing for another round of neighbourhood dressage.

Where to start? Former IPH chief executive David Griffith made a motza in November 2016 after he offloaded half his shareholding in the intellectual property law firm for $17.5 million.

Former IPH chief executive David Griffith and his family has splashed out $5.5 million for a Vaucluse home. Illustration: John Shakespeare Credit:

He dumped his remaining holdings by the middle of last year.

Between hoisting himself upon Cadence Capital’s Opportunities Fund board and hocking his IPH stock, Griffith and family found the time in July last year to fork out $5.5 million for the Vaucluse trophy home once owned by the German consul-general.