{"id":29844,"date":"2020-12-31T08:08:22","date_gmt":"2020-12-30T19:08:22","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29844"},"modified":"2020-12-31T08:08:22","modified_gmt":"2020-12-30T19:08:22","slug":"the-rich-seek-out-multimillion-dollar-mansions-in-australias-property-market-to-escape-covid","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/the-rich-seek-out-multimillion-dollar-mansions-in-australias-property-market-to-escape-covid\/","title":{"rendered":"The rich seek out multimillion-dollar mansions in Australia’s property market to escape COVID"},"content":{"rendered":"

PHOTO: Sydney. FILE<\/strong><\/p>\n

The luxury end of the housing sector still performed strongly, with the country\u2019s third most expensive home snapped up in a Sydney<\/a> suburb.<\/p>\n

High end buyers seeking a safe haven from the pandemic sought out mansions in some of the nation\u2019s most exclusive postcodes.<\/p>\n

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Sydney<\/a> dominated the top sales once again as buyers prioritised waterfront views.<\/p>\n

Yet the nation\u2019s most expensive property, a Point Piper mansion which was sold for $95 million in September was only enough to rank as Australia\u2019s third most expensive house.<\/p>\n

That record went to a nine-bedroom penthouse at One Sydney Harbour in Barangaroo, which sold for a whopping $140 million last year. It broke the $100 million mark set by Atlassian co-founder Mike Cannon-Brookes for a Point Piper estate, Fairwater, in 2018.<\/p>\n

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\"How<\/div>\n

How about some tennis by the sea? One of the few harbourside tennis courts in Point Piper. Picture: realestate.com.au Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

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\"Not<\/div>\n

Not a bad view from the rooftop of the Point Piper mansion. Picture: realestate.com.au Source:Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

However, the Wolseley Road property has a rare 40m harbour frontage, boasts one of the suburbs few harbourfront tennis courts and sits in a prized location directly in front of the Sydney Harbour Bridge and Opera House. There\u2019s also a deep water jetty, an entertainment level that features a kitchen and an indoor pool.<\/p>\n

But the new owner won\u2019t be hitting the ball around until 2022 when the deal is expected to be settled.<\/p>\n

The four level building, which is known as Edgewater, was divided into two separate apartments by its owners, the co-founders of women\u2019s fashion chain Katies, Joe Brender and the late Sam Moss. They bought the property as a concrete shell for $5m in 1985.<\/p>\n

But history will be made once the deal is settled. The mansion will steal the record for being the most expensive housing amalgamation for a single buyer, with the new owner planning to convert it into one residence.<\/p>\n<\/div>\n

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