The Top 7 Highest Priced Properties in NSW in 2018

Aside from vacations, nothing excites adults more than owning a house. As we grow into adulthood, its natural to want to invest in our own property – settle down if you may. We love flipping through mags that flaunt wealthy people’s extravagant homes. In this article, we’ll go ahead and take a quick look at some of the most expensive houses in NSW, Australia.

These incredible homes belong to the rich and famous, though we have no idea who some of these people are. Check them out:

1. La Mer, Vaucluse. Owner James Packer had the most expensive mansion in this list priced at $70 million. The posh property is in Vaucluse to the east of Sydney. This lavish home was designed by the casino tycoon and his ex-wife Erika Baxter back in 2013. This estate was then sold to a Chinese billionaire and businessman Chau Chak Wing. It immediately became a new record for the most expensive house in the world. The fantastic features of this mansion include a fully equipped gym, a multi-car garage that can house up to 20 cars and a modern 20-seater cinema. It also houses domestic houses next to the lap pool and the rooftop lawn.

• Villa Veneto, Point Piper. A Sydney dentist by the name of David Penn bought his home in Point Piper for a net worth of $53 million, ranking it the second in this list as the most expensive house in NSW, Australia. In any case, some real estate agents have issues with the eligibility of the transfer of property because documents showed that it was transferred for $44 million. The house was then owned by successful entrepreneur Andrew Banks and his wife Andrea.

• Altona, Point Piper. Another marvellous mansion nestled at Point Piper. Also known as ‘Altona’, this acceptably expensive house has a net worth of about $52 million. It is currently owned by a Chinese property developer, Wang Zhijun and his wife Eve, who is a successful swimwear designer known for her bikinis. It is suspected that Mr Zhijun hid his investment to elude foreign investment laws. Sources also revealed that he acquired it at a price of $52 million through a combination of the complex holding structure of holding trusts and shelf companies.

• Coolong, Vaucluse. Barclay’s capital expatriate global head Ivan Ritossa and his wife Marina own this $45 million magnificent mansion located in Altona, Sydney. It boasts eight bedrooms and seven bathrooms. The house has an envious view of the harbour bridge view, and gorgeously designed grounds that have been used for extravagant parties. Heck it even has its own private beach – talk about posh!

• Mandalay, Point Piper. The recent owners of this superb Point Piper house are Phillip Dong Fang Lee and his wife Shi Xiaobeiare. Mr Lee is an eco–resort and a road developer in Australia for 15 years. The previous owner of this house is Bill Web, a former tobacco executive. Nestled at Mandalay in Wolseley Road, this house boasts a champion-sized swimming pool and humongous car park.

• Gladswood Gardens, Double Bay. This vast mansion found in Gladsworth Gardens Double Bay has six bedrooms, a champion-sized swimming pool, eight bathrooms, twenty-seater dining room, staff quarters, boat house as well as a jetty. It offers a peaceful environment with a fantastic road network providing a good place to host business conferences.

• Bang & Olufsen, Point Piper. This property at the infamous Wolseley Crescent, Point Piper is formerly owned by Bruce McWilliam (commercial director of the Seven Network) and wife Nicky. They sold this expensive and unique ‘Bang and Olufsen home’ in 2013 for around $33 million. The place provides an awe-inspiring view of the ocean and has spacious elegant rooms. The mansion was sold to Jerry Qiu Yafu, owner of a Chinese textile company, Shandong Ruyi Science and Technology.  Moreover, Mr Yafu is the owner of Cubby Station located in Queensland. What more do you need?

Inspired by these homes? Perhaps you’re on your way to become a homeowner yourself – well, you need to start somewhere, right? And if you’re looking at the highest priced-slash-big properties, then perhaps you want a bigger home as well. The number one advantage of buying a larger home is you can grow into it. There’s a good chance you’ll be growing if you’re in the market to buy a home. Having too much home is only an issue if you can’t afford it. It’s not a bad problem to have compared to having too little home that won’t leave you with many options.

If homeownership is in the near future, then consider financing your new place via a fixed rate home personal loan. Click here to know more about fixed rate home loans and even get quoted on a property you’re considering.

Article from J Regala.

Note: The picture does not reflect any of the houses mentioned.