According to the Australian newspaper, the new owner of a 3000 million Point Piper mansion sold a few days ago is a Chinese woman who immigrated to Australia five years ago. She plans to demolish the mansion whose architectural style is not what she wants. Build a better mansion.

This mansion on Wolseley Road was sold last week. Its former owner was the deceased hotel owner and real estate developer Salvatore Paino, and its neighbors included billionaire Westfield founder Frank Lowy. If the city government approves the development application of the Chinese woman, Lowy is likely to be forced to endure the noise of construction.

The Chinese woman born in Shanghai did not want to reveal her identity. However, she told The Weekend Australian that she originally planned to buy the ruined developer Ron Medich's old house, but eventually lost to the elderly care provider Peter Wohl, who bought the same house in June for 6 million. Mansion on Wolseley Road.


She said that she hopes her future residence will be similar to Medich's mansion. "The location is very good, but the house is not the best. I still have a lot of work to do."

40 years ago, Paino bought this 13 square meter plot for 860 yuan. This mansion includes five bedrooms, a swimming pool, an entertainment space and a houseboat. Michael and James Dunn from Richardson & Wrench Double Bay handled the deal with independent agent Enza Messina.

Recently, there have been a number of luxury home sales in Sydney, although prices are lower than before the global financial crisis. Earlier this week, the retired recruitment queen Julia Ross sold her Wolseley Road home for $4000 million, setting a record for Sydney's most expensive property this year.

In June of this year, the Simon family sold their luxury waterfront home on Wolseley Road for 6 million yuan; in August, Charles and Maria Scarf also sold their luxury home for 2800 million yuan.

LJ Hooker luxury home salesperson Bill Malouf said that in the past 18 months, interest from mainland China has soared, mainly driven by major investor visas. He said offshore Chinese buyers accounted for 40% of transactions. Messina said that the proportion of Chinese among interested buyers has reached three-quarters.

The Australianlogo-40x402

News link: