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December 26.2025
3 Minutes Read

Discover How an Aussie Couple Revived a 900-Year-Old Italian Palazzo

Couple enjoying drinks at Italian piazza with historic palazzo in background.

Chasing the Dream: Two Aussies Transform an Italian Palazzo

For many, the allure of la dolce vita conjures images of sipping espresso on sun-drenched terraces, exploring cobblestone streets teeming with history, and bonding with neighbors over hearty meals. For Melbourne natives Nancy De Losa and Damian, this dream became reality as they endeavored to restore a historic Italian palazzo in the heart of Tuscany.

The Power of Shared Dreams

The seeds of their dream were sown during their first meeting in 2012. Nancy and Damian discovered an immediate, shared passion for cycling and Italy. This led them to create A'qto, a unique cycling tour business showcasing Italy's breathtaking landscapes. Their love for the Tuscan village of Gaiole is palpable, as it allowed them to blend work with the rich culture and charm of the Italian way of life. No longer just a fleeting fantasy, their growing connection to Gaiole propelled them to make it their permanent home.

Finding Home in a Historic Palazzo

The palazzo they purchased wasn’t just another property opportunity; it practically found them. A close friend offered them an unrenovated level of a 900-year-old palazzo owned by their family for generations. Initially envisioning a quaint countryside home, the couple fell in love with the vibrant local life the palazzo offered, prioritizing proximity to cafes and shops over isolation.

“Being in the heart of town close to cafes and bars and being immersed in the daily unfolding of local life was definitely the lifestyle we wanted,” Nancy shared. What seemed like a sensible decision would lead to a Herculean renovation project and a deeper community connection.

The Herculean Renovation Journey

The task of transforming a near-abandoned palazzo is daunting, but Nancy and Damian's commitment, perseverance, and community support helped them tackle the challenges head-on. They engaged a bilingual Italian lawyer to navigate the complexities of the real estate process—an invaluable decision given the hurdles involved in property valuation, negotiations, and conveyancing.

The renovation commenced in 2019, unraveling layers of history as they stripped the property down to its original stone walls and ancient wooden beams. What might have seemed like mere chaos turned into a beautiful restoration story—one that echoed the heritage of the palazzo. Despite unforeseen structural challenges, including a necessary replastering of the walls, the couple and their team completed extensive renovations in just four months, breathing new life into the historic residence.

Creating a Tuscan Oasis

Beyond the interior, Nancy and Damian envisioned an outdoor sanctuary complete with a vibrant garden to host friends and guests. They adorned their space with traditional terracotta tiles, antique furnishings from their travels, and crafted a tranquil oasis reminiscent of Italy’s rich heritage. As they learn more about the local culture and traditions, their connection deepens, painting a vivid picture of 'la dolce vita' lived through both nuances and everyday joys.

Community and Connection

“The large arched windows overlooking the piazza are particularly special,” said Nancy. “They frame the vibrant tapestry of local life, allowing us to feel connected to the community.” While catching up with local friends over aperitivo may be a sweet respite from the rigors of renovation, it also highlights their embeddedness in Gaiole. Their palazzo serves not just as their home but as the headquarters for A’qto, crafting unforgettable cycling experiences that pay homage to their beloved town.

Looking to the Future

The De Losa journey reflects broader trends in property investments, particularly as international buyers are drawn to the unique charms of rural Italy. Their experience offers a tangible insight into the challenges and benefits of purchasing historical properties—a growing interest among global property seekers wanting to “escape the ordinary.” The local community's support during the renovation and the resurgence of tourism in Tuscany amplify the excitement surrounding such projects.

As Nancy points out, “We feel connected, embedded in the heart of Italian life.” They dream of one day owning a coastal home, yet undoubtedly, their palatial retreat will remain central to their lives, merging history with modern pursuits in the breathtaking backdrop of Tuscany.

Join the Conversation: Your Property Journey Awaits

Nancy and Damian’s inspiring transformation reminds us that pursuing our dreams can lead to community and connection. If you're contemplating a real estate adventure of your own, stay informed and inspired. Subscribe to Property Newcastle today and stay ahead with the latest trends, news, and expert advice delivered straight to your inbox.

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