{"id":11847,"date":"2018-04-01T07:29:25","date_gmt":"2018-03-31T19:29:25","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=11847"},"modified":"2018-04-01T07:29:25","modified_gmt":"2018-03-31T19:29:25","slug":"how-very-sydney-citys-ultra-rich-dont-live-in-houses-they-build-mega-compounds","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/how-very-sydney-citys-ultra-rich-dont-live-in-houses-they-build-mega-compounds\/","title":{"rendered":"How very Sydney: City\u2019s ultra-rich don\u2019t live in houses, they build mega-compounds"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Leon Kemenev bought four houses in Coolong Road, two on the waterfront, to create his own private estate.\u00a0<span class=\"photographer\">Photo:\u00a0James Brickwood<\/span><\/strong><\/p>\n<p class=\"first-para\">Sometimes at the top end of town one house is simply not enough. That\u2019s certainly the case for Sydney\u2019s corporate elite who have become known for swallowing up their neighbours to create mega-compounds.<\/p>\n<p>The practice is becoming increasingly common as Sydney\u2019s multimillionaire population continues to grow \u2013\u00a0<a href=\"http:\/\/www.smh.com.au\/business\/australia-now-has-116m-millionaires-according-to-credit-suisses-global-wealth-report-20171127-gztc7u.html\">up 30 per cent in the 12 months to\u00a0July<\/a>, according to Credit Suisse\u2019s\u00a0<em>Global Wealth Report<\/em>. For the city\u2019s ultra-rich,\u00a0the cost of these mega-lots is less important than the desire for privacy.<\/p>\n<div dir=\"ltr\"><a href=\"http:\/\/eepurl.com\/b-0d_f\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/eepurl.com\/b-0d_f&amp;source=gmail&amp;ust=1522526438147000&amp;usg=AFQjCNGZwDdvwM85u5j-Yj5GS0HdIahTsQ\"><strong>GET INFORMED: RECEIVE OUR FREE E-NEWSLETTER 1 X A WEEK PLUS OTHER PROMOTIONS<\/strong>\u00a0<\/a><\/div>\n<p><a href=\"http:\/\/eepurl.com\/b-0d_f\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/eepurl.com\/b-0d_f&amp;source=gmail&amp;ust=1522526438147000&amp;usg=AFQjCNGZwDdvwM85u5j-Yj5GS0HdIahTsQ\"><img decoding=\"async\" class=\"m_5528451276478967059m_-3120310885444461790m_-1631026384127715702gmail-alignnone m_5528451276478967059m_-3120310885444461790m_-1631026384127715702gmail-size-medium m_5528451276478967059m_-3120310885444461790m_-1631026384127715702gmail-wp-image-11652 lazyload\" data-src=\"http:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/03\/ENEWS-300x160.png\" alt=\"\" width=\"300\" height=\"160\" data-srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/03\/ENEWS-300x160.png 300w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/03\/ENEWS-465x248.png 465w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/03\/ENEWS.png 500w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/160;\" \/><\/a><\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/how-very-sydney-citys-ultrarich-dont-live-in-houses-they-build-megacompounds-20180330-h0y3v2\/?utm_campaign=strap-masthead&amp;utm_source=smh&amp;utm_medium=link&amp;ref=pos1\">DOMAIN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Leon Kemenev bought four houses in Coolong Road, two<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/how-very-sydney-citys-ultra-rich-dont-live-in-houses-they-build-mega-compounds\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":11848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098518,478098572,478098519,478098535,478098556,478098513,478098579,478098510,478098514,478098511,478098533,478098509,478099259],"class_list":["entry","author-wpcomsupport","post-11847","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-beach-house","tag-beachfront","tag-home-ownership","tag-house-prices","tag-nsw","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agent","tag-real-estate-news","tag-ultra-rich"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How very Sydney: City\u2019s ultra-rich don\u2019t live in houses, they build mega-compounds - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/how-very-sydney-citys-ultra-rich-dont-live-in-houses-they-build-mega-compounds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How very Sydney: City\u2019s ultra-rich don\u2019t live in houses, they build mega-compounds - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; PHOTO:\u00a0Leon Kemenev bought four houses in Coolong Road, twoRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/how-very-sydney-citys-ultra-rich-dont-live-in-houses-they-build-mega-compounds\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-31T19:29:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2018\/04\/Leon-Kemenev-bought-four-houses-in-Coolong-Road.jpg?fit=1498%2C843&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1498\" \/>\n\t<meta property=\"og:image:height\" content=\"843\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"WordPress.com Support\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"WordPress.com Support\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/how-very-sydney-citys-ultra-rich-dont-live-in-houses-they-build-mega-compounds\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/how-very-sydney-citys-ultra-rich-dont-live-in-houses-they-build-mega-compounds\\\/\"},\"author\":{\"name\":\"WordPress.com Support\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/315d144907da6f97bc727653fad8e18b\"},\"headline\":\"How very Sydney: City\u2019s ultra-rich don\u2019t live in houses, they build mega-compounds\",\"datePublished\":\"2018-03-31T19:29:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/how-very-sydney-citys-ultra-rich-dont-live-in-houses-they-build-mega-compounds\\\/\"},\"wordCount\":136,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/how-very-sydney-citys-ultra-rich-dont-live-in-houses-they-build-mega-compounds\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2018\\\/04\\\/Leon-Kemenev-bought-four-houses-in-Coolong-Road.jpg\",\"keywords\":[\"australia\",\"Australians\",\"beach house\",\"Beachfront\",\"Home ownership\",\"house prices\",\"NSW\",\"property\",\"property market\",\"Property News\",\"propertynoise\",\"real estate\",\"real estate agent\",\"Real Estate News\",\"ultra-rich\"],\"articleSection\":[\"Australian Property &amp; 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