Wednesday, December 30, 2009

SYDNEYS GOLDEN MILE

Point Piper Real Estate

Point Piper is home to some of the most expensive and exclusive homes in Australia.

Many of australias leading business people reside here!

The price per sqm of real estate in Point Piper is one of the most expensive in the world

The total value of the properties on the 1km waterfront section of Wolseley Road was estimated @ AUD$720 million. in 2002 thats before the boom.

FAST FACT!

John Symond's mansion on Wingadal Place, reportedly cost over $70M and thats not including the land.

GOLD COAST WATERFRONT MANSION SOLD @ A $10 MILLION DISCOUNT

A GOLD Coast business man has bought the so called 'dud" mansion' of Internet tycoon Daniel Tzvetkoff for $17 million - the same house sold last year for around a reported $28 million dollars- Thats a $10 million discount on what the beachfront home was bought for last year.

Receivers took control of the failed internet founders home of Mr Tzvetkoff's four-block half-built mega-mansion on Hedges Avenue in August.
The home, is said to be at least $500,000 from completion, this same house had also had problems with the original owner losing the house to a mortagee.