Cashing in on the mining millions
AT the dizzying heights of mansion sales, there’s none bigger than the 2500sq m Perth riverfront home owned by mining heiress Angela Bennett, Australia’s secondrichest woman.
Sitting on a 7567sq m block, which alone is worth $ 35 million, the Mosman Park house that cost $ 20 million to build will be sold to a super- rich buyer willing to part with at least $ 70 million.
At that price, it’s a sale that will not only more than double the $ 29 million Australian house price record currently held by a waterfront mansion in Sydney’s Vaucluse, but will focus world attention on the West Australian capital and its mining and resource- fuelled economy.
It is therefore no accident that Bennett, a mother of seven, is one of the biggest single beneficiaries of that boom.
She is one of two children of Lang Hancock’s business partner, the late Peter Wright.
Bennett and her brother, Margaret River vineyard owner Michael Wright, get their money from a halfshare of royalties paid by mining giant Rio Tinto on iron ore mined in the Pilbara.
With her personal fortune estimated at about $ 1 billion, the $ 7.95 million she paid earlier in the year for a Perth inner- city penthouse was small change.
High- profile Perth real estate agent Willie Porteous ( husband of Rose) has the job of selling the threelevel Mosman Park mansion, which is not far from where Lang Hancock built his famous Prix d’Amour mansion in the 1980s.
The 43 Saunders Street Bennett compound includes a guest house, boathouse and private jetty.