Vaucluse home now Australia’s sixth most expensive after $62 million sale

Prominent corporate lawyer John Landerer and his wife Michelle have staked a place in Sydney’s trophy-home record books after their Vaucluse mansion sold for more than $62 million, making it the sixth most expensive house in the country.

The exact sale price will be left to settlement, but sources confirm the property sold in recent days for more than the $60 million asking price and after almost three years on the market.

At that price, the sale ranks among Sydney’s top six house sales, while becoming the second most expensive non-waterfront house in the country.

The most expensive non-waterfront house sale is next door to the Landerer home and is known as La Mer, which was built on a consolidation of three houses by James Packer and sold for $70 million in 2015 to Chinese-Australian businessman Chau Chak Wing.

The Landerers’ landmark home, known as Ganeden, is also built on a consolidated site from three houses set between Wentworth Road and Vaucluse Road, and designed by architect Stephen Gergely with interiors by the late Frank Grill.

Title records are yet to reveal the buyer, and there was no comment from Mr Landerer, a one-time Kerry Packer confidant whose client list reads like a who’s who of corporate Australia.

However, sources say the buyer hails from China and has been circling the property for more than a year.