Bal­moral sale by Olympian

The Sunday Telegraph (Sydney) - - REAL ESTATE -

THE Santa Bar­bara-based for­mer Olympian Jon Hen­ricks, who was 100m freestyle swim­ming world record holder, has sold his Bal­moral house af­ter 48 years for about $5.2 mil­lion.

The 1956 Mel­bourne dual gold medal­list was re­cently out­spo­ken about how the state gov­ern­ment’s new land tax sur­charge for for­eign­ers forced him to list the home he and his Amer­i­can wife Bon­nie bought in 1969.

The nonres­i­dent land tax rate was raised this year from 0.75 per cent to 2 per cent, with the changes mean­ing the cou­ple would have to pay up to $60,000 a year. Fol­low­ing the hike, Hen­ricks listed through McGrath agent Michael Coombs and sold the home ahead of yes­ter­day’s auc­tion.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.