AusFinance Gazette

Take a look at Sydney’s most expensive trophy homes to have sold this year

What do last week’s dilapidated abodes and this week’s trophy homes have in common? They’re both selling for millions in Sydney.

In the last six months alone, the city’s five most expensive properties have all sold for over $24 million, much to the surprise of anyone paying attention to Australia’s financial forecast. Despite initial concern, the property market has escaped the fiery wrath of 2020, and these luxe listings prove its resilience. From harbourfront views in Vaucluse to four level compounds on the Northern Beaches, these are the most expensive, ultra-luxe trophy homes sold in Sydney this year.

Coolong Road, Vaucluse

Though the official sale price remains unknown, sources have confirmed the Vaucluse home of Vass Electrical Industries founder Nicholas Vass and his wife Marion recently sold “in the high $30 million range.” Set on 1800 square metres of land on one of Vaucluse’s most desirable streets, the seven-bedroom, eight-bathroom mansion boasts a harbourfront pool, private jetty, boathouse, tennis court and separate self-contained apartment. Last sold in 1986 for $3,725,000, the north-east facing deep waterfront is the most expensive property sold in Sydney this year so far. However, if you’re in the market for a spot on the coveted Coolong Road, this place ten doors down is still up for grabs for a meagre $55 million.

Billyard Avenue, Elizabeth Bay

If only the walls of Elizabeth Bay trophy residence Berthong could talk. Built in 1886 and originally known as Macleay House, its famous past owners include music publisher Frank Albert, the Murdoch Family, and Russell Crowe. The sprawling five-bedroom, six-bathroom estate features a huge outdoor entertaining space with a waterside pool, two storey guest house, four parking spaces, and a Calacatta marble kitchen with a butler’s pantry, of course.
Its new owner is retired car dealer Laurie Sutton, who recently sold his $32 million Darling Point mansion to afford the $35 million price tag.

Lindsay Ave, Darling Point

Which brings us to said $32 million home of Mr. Sutton, which sold on March 4 of this year and settled last month. Dubbed ‘a grand architectural masterpiece’, the five-bedroom, six-bathroom residence sits on a 900sqm parcel of land and counts only three other homes as neighbours on its très exclusive street, Lindsay Avenue. Complete with a ten-car garage, self-contained maid’s quarters, gym, cellar, and views of the harbour bridge, it’s believed to have been snapped up by Pamela Lee, wife of John Borg of Borg Constructions.

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Rose Bay Avenue, Bellevue Hill

Ever peeked into your neighbour’s backyard and wished you could make it yours? So has Louise Christie, who just dropped a cool $30 million to combine her current property with next doors’—totalling almost 5000 square metres sans fence. Featuring iconic harbour views, grand interiors and stylish outdoor entertaining areas, the five-bedroom Bellevue Hill mansion is believed to have been purchased for Christie’s daughter. If only you could pick your family.

Prince Alfred Pde, Newport

Dubbed ‘Casa Paloma’, Jennifer Hawkins and Jake Wall’s trophy home set a Northern Beaches record last week after selling for $24.5 million. Tech billionaire Mike Cannon-Brookes and his wife, Annie, are the new owners of the award-winning Koichi Takada-designed residence, which boasts striking glass walls that open to cantilevered terraces overlooking the swimming pool, a private boathouse, and access to the western foreshores of Pittwater. The four-storey compound also comes with a central sandstone feature wall and interiors by Sarah-Jayne Marriott and Hellen Pappas, so when you break it all down, you’re paying about 1K per cushion. Absolute steal.

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