A better way to blow $70m
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.