$150m wanted for ‘Australia’s best trophy home’
One of Australia’s greatest homes, highly-sought after as a celebrity retreat and a high-end production location has been quietly put up for sale for $150m.
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The family of billionaire paper manufacturing magnate Huang Bingwen is whispered to have listed the Point Piper mansion Altona.
Their unconfirmed asking price is $150m.
They bought the eight-bedroom Wunulla Rd mansion for $61.8m in 2016 when offered by low-key vendors, the Wang family.
MORE: Aussie John Symond lists home for $200m+ record
The Wangs had bought Point Piper’s former harbourfront party palace for $52m in 2013.
The iconic Victorian Italianate home sits on a 2400sq m holding with boatshed after a proposed subdivision sale of the tennis-court block failed to proceed following neighbourhood objections.
Altona – once dubbed a home of conspicuous consumption – ranks among Australia’s most famous trophy homes since featuring in a late 1980s TV production by the late expat presenter Clive James.
Previous owners include Deke Miskin, a teenage magazine publishing industry entrepreneur, and his wife Eve, who hosted many glamorous social events, as did the Handbury family during their earlier tenure.
Over the years, a who’s who have thought about owning Altona, including actor Russell Crowe, who looked at buying it in 2007.
Sydney’s priciest trophy home sale remains the $130m paid for Uig Lodge Point Piper in late 2022 by Atlassian co-founder Scott Farquhar and his wife Kim Jackson.
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This year’s highest sale has been nearby Rockleigh at about $85m, having come with $100m hopes. The pale pink home on a 1284sq m Wolseley Rd harbourfront holding had previously traded when Philip and Valmae Rundle bought it in 1978 for $325,000.
There has been considerable family disharmony surrounding the estate. The nation’s priciest current listing remains the nearby mega-mansion Wingadal, which comes with $200m-plus hopes. The talk is offers will need to be substantially more than $200m for Aussie Home Loans founder John Symond to sell.
Symond plans to spend more time overseas, with the family having recently bought Roc et Mer, a retreat on the Mediterranean at Eze-sur-Mer for €13.75m ($A22.4m).
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Originally published as $150m wanted for ‘Australia’s best trophy home’
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