AU Baz Luhrmann looks for a family pad
Property Here - Tuesday, April 16, 2013
AUSTRALIAN director Baz Luhrmann and wife Catherine Martin have put their 1880s Sydney mansion on the market for $15 million.
However, the couple's real estate agent denies reports that the sale of the 30-room property, known as "Iona'' in Sydney's eastern suburbs, was prompted by a budget blowout while making Luhrmann's latest film The Great Gatsby.
"Baz and Catherine want to buy a family home with a garden for their children,'' McGrath agent Joe Abboud was reported saying on the move.
"The reason Iona is for sale is because they want to separate their business from their home life.'' Luhrmann and Martin paid $10 million for the grand Victorian building in 2006.
The ground floor of the house was used as the headquarters for the director's production company Bazmark.
Abboud was reported as saying that the property will be rented out if they don't get their desired selling price.
Rumours have been swirling for months that longer-than-expected shoots have led to a blowout of the film's $125 million budget. The epic 3D re-imagining of the F. Scott Fitzgerald classic, shot in Sydney, stars Leonardo DiCaprio, Tobey Maguire, Australian Joel Edgerton and Carey Mulligan.
The Great Gatsby opens in Australia on May 30 after a world premiere in New York on May 1.
Read more: http://www.news.com.au/realestate/selling/baz-looks-for-a-family-pad/story-fndbawks-1226621372843#ixzz2Qai7Lao1