A bet­ter way to blow $70m

Herald Sun - Property - - OPINION - AN­DREW WIN­TER An­drew Win­ter hosts Selling Houses Aus­tralia on the Lifestyle Chan­nel

SO Mr Packer has a buyer for his hum­ble mega man­sion in the Syd­ney sub­urb of Vau­cluse, where the streets are lit­er­ally paved with real es­tate gold and a mil­lion dol­lars is the de­posit.

A whop­ping $70 mil­lion was paid for this home and it’s not even di­rectly on the wa­ter.

If you are that buyer, I could have got you a much bet­ter deal.

It’s too late now to stop that sale, but if you are about to blow $70 mil­lion, it might be worth tak­ing note of an al­ter­na­tive prop­erty shop­ping list.

Ditch this deal, but don’t ditch adorable, not af­ford­able, but oh-so-af­flu­ent Vau­cluse.

In 2014, an ab­so­lutely stun­ning four-level home in Fitzwilliam Rd, right on the wa­ter bed­side a shel­tered bay and boast­ing five bed­rooms, sold for a mere $8.8 mil­lion.

I would also look at a clas­sic city man­sion on 2000sq m of man­i­cured grounds on Illawarra Cres, in Mel­bourne’s true dress cir­cle sub­urb of Toorak. This fetched $12 mil­lion last year.

Now, for some boating, golf­ing and a unique lifestyle in Aus­tralia’s largest and most iconic re­sort com­mu­nity, Sanc­tu­ary Cove on the north shore of the Gold Coast.

You could lan­guish river­side in sprawl­ing lux­ury in An­chor­age Ter­race, park your 10 cars un­der­ground and take the golf buggy out to the lo­cal restau­rants. One such home sold in 2012 for $12 mil­lion.

Con­tin­u­ing with the river theme, how about a con­tem­po­rary ar­chi­tec­tural mas­ter­piece right on Bris­bane’s river­front in charm­ing Hamil­ton’s Har­bour Rd?

One buyer snapped up city views, eight bed­rooms, nine bath­rooms and of course a lift this year for just $11.8 mil­lion.

Let’s not for­get the na­tion’s cap­i­tal; es­pe­cially Can­berra’s man­sion-lined Mugga Way in Red Hill.

De­spite the in­ter­est­ing street name, this more sub­dued man­sion with over 1ha of land in a prime lo­ca­tion and walk­ing dis­tance to work if you are an MP (imag­ine the sav­ing on he­li­copter char­ters), sold for $7.3 mil­lion in 2010.

But why not in­clude a com­fort­able base in the NT?

Here we go to the ma­rina front at Cullen Bay in Cullen Bay Cres, fea­tur­ing pri­vate moor­ing for your boat, an ar­chi­tec­tural style per­fect for the trop­ics and those cold 30 de­gree win­ter days. Price tag just $2.7 mil­lion.

Head­ing west, but not to pre­dictable Perth this time, in­stead head­ing south to the dra­matic coastal scenery in the town of Yallingup.

Here, perched on a hill in Ham­mond Rd look­ing to­wards the In­dian Ocean is a mod­ern con­tem­po­rary home, de­signed to en­sure those views of shim­mer­ing wa­ter and sun­sets are en­joyed at ev­ery an­gle.

This is a true mod­ern Aus­tralian with in­fin­ity pool, an abun­dance of glass and all for just $3.15 mil­lion, as sold in 2010.

For a South Aus­tralian pile, it’s time to em­brace that won­der­ful abun­dance of his­tor­i­cal hous­ing. There is a char­ac­ter-packed sand­stone res­i­dence dat­ing back to the 1880s, beach­side and with all the for­mal grandeur of Down­ton Abbey, lo­cated in the prime sub­urb of Glenelg in South Es­planade. An ir­re­place­able dwelling, her­itage listed and sold in 2010 for $3.4 mil­lion.

To com­plete my na­tional hous­ing shop­ping list, you couldn’t for­get a pad in beau­ti­ful, scenic Tas­ma­nia.

Of course, this one is a 1930s pe­riod home, cel­e­brat­ing the Arts and Crafts Move­ment of the last cen­tury, si­t­u­ated in Ho­bart’s Sandy Bay in Waimea Ave. This residential es­tate is lord of the manors and sold in 2011 for $8.5 mil­lion.

That con­cludes my “dream” house shop­ping list, so to Mr Packer’s buyer, in­stead of one sin­gu­lar, ad­mit­tedly rather im­pres­sive home, why not get one in each state? Ev­ery sin­gle one of these show­case homes would fall into the “dream” cat­e­gory for most of us.

Now by my reck­on­ing there is still $350,000 left over, so I sug­gest you con­sider a 2013 Bent­ley Con­ti­nen­tal GTC with the re­main­ing funds to com­plete your pur­chase.

The clas­sic city man­sion at 5 Illawarra Cres, Toorak, sold for a frac­tion of the $70 mil­lion Packer es­tate.

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