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Ultra Expensive Australian Mansions Are Still Up for Grabs

2015 was a very good one for luxury properties like Australian mega mansions that cost millions. Many listings were sold but there are some that remain available to date.

According to News.com.au, while many expensive homes in Australia managed to find new owners last year, many properties listed remain untouched. James Packer, media magnate and casino mogul divorced his wife Erica and the couple decided to sell their massive estate La Mer. The property reportedly was sold for $70 million to Dr. Chau Chak Wing, a billionaire Chinese whose interests happen to be property development. The hefty amount became the highest price paid for an Australian property.

In Sydney, two luxurious homes located in Point Piper and Villa Del Mare were sold for $39 million each. And six other properties found buyers willing to shell out $20 million for each one over the past year.

But not all high-end real estate owners got lucky. There are still a sizable number of mansions with enormous price tags left on the market at the start of 2016 and while sellers can definitely afford to wait it out, some of them have been on the block since 2013.

In New South Wales, a four-bedroom waterfront house is being peddled at a hefty $37 million. The owner of the property is Gary Zamel, the mining tycoon who owns MST. It was once owned by Lachlan Murdoch and has an awesome view of the Sydney Harbour Bridge and CBD.

Leonardo DiCaprio's house in "The Great Gasby" at 9 Coolong Rd, Vaucluse, owned by investment banker Alastair Walton has been on the market for more than $30 million. The seven-bedroom mega mansion features a tennis court, nine-car garage, private jetty and designer interiors. 

Meanwhile, in a report by The Daily Mail, the sale of Packer's home in Eastern Sydney broke the record of Australian property sales which was previously held by a property in Mosman Park that was sold for a whopping $57.5 million. While these type of deals are not for everyone, many experts believe that this could affect the current pricing of properties in Australia, which as it stands today, is already high.


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