AU Australia's priciest pad at $60m
Property Here - Monday, August 12, 2013
For those with a spare $60 million, 6 Carrara Road, Vaucluse, could be yours. Photo: John Appleyard. Source:News Limited
A MANSION with an eye-watering price tag of $60 million could become the most expensive home ever sold in Australia.
The hotel-sized Sydney house is set over three sprawling levels, covers more than 2000 square metres internally, and features nine bedrooms and 10 bathrooms.
If it sells for the whopping asking price, it will set the record as the nation's biggest-ticket residential real estate.
The yet-to-be-completed Vaucluse property at 6 Carrara Road is owned by international bank consultant Andrew Ipkendanz, who went to school in Sydney and now lives in London.
Real estate agent Bill Bridges of Ballard Property has had enquiries about the house from potential buyers, despite it being three to four months off completion.
Asian buyers in particular are believed to have shown the most interest.
The home is undergoing a major revamp. Photo: John Appleyard Source: News Limited
"It's not quite finished but it will be a better house than ($54 million Sydney house) Altona,'' Mr Bridges said.
Altona, an eight-bedroom waterfront property on Wunulla Road, Point Piper sat on and off the market for more than three years before it sold in May for $54 million.
The Australian house price record sits at $57.5 million for a home (pictured below) in Mosman Park, Perth, which was sold to mining magnate Chris Ellison in 2009.
The Australian house price record sits at $57.5 million for this Perth home, which sold in 2009. Photo: Stewart Allan. Source: News Limited
The Vaucluse house on Hermit Bay reportedly had an offer of $50 million, which is believed to have been knocked back.
The property is the amalgamation of two large blocks bought by Mr Ipkendanz in 1997 for about $6.1 million. The house is believed to have cost more than $20 million to build.
For its eventual new owners, nearby neighbours will include James Packer, and restaurateur and hotelier Justin Hemmes.
To be expected from one of Sydney's most upmarket suburbs, prestigious retail and eat streets will be at their doorstep. Vaucluse features sweeping Sydney harbour views, beautiful surrounding parks and close proximity to the city.
However, some industry experts are skepitcal the house will sell for anywhere near its asking price as it is in Vaucluse, not the more expensive Point Piper.
Buyer's agent Simon Cohen, of CohenHandler told news.com.au he doesn't believe the property has the right address to reach $60 million
"The home is on a waterfront reserve, not absolute waterfront, it isn't finished and it's not the most prestigious street in the suburb," Mr Cohen said.
"It's also a very tight street," he said, referring to the residentially crowded enclave.
Mr Cohen believes $45 million would be a more realistic price for the property.
However he says it is a better house than Altona (pictured below), offering full-frontal views of the Harbour Bridge and city.
Eight-bedroom, seven-bathroom house Altona at Point Piper sold for $54 million in May. Photo: AFP.
Read more: http://www.news.com.au/realestate/news/australia8217s-priciest-pad-at-60m/story-fncq3gat-1226695756394#ixzz2bq90aG83