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$12m sale reveals how Steel City turned to property gold

Bonnie Campbell

Newcastle, once dubbed a “working man’s paradise” by Glaswegian comedian Billy Connolly during a tour of Australia, just clocked a residential record, with the sale of a $12 million Victorian Italianate mansion.

Located in coveted suburb The Hill, the home, known as Woodlands, was sold in an off-market deal by Michael Maffey, of Maffey Property Services, on behalf of medico vendor Jaswant Chahl and his family.

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Bonnie Campbell is the luxury property reporter at The Australian Financial Review Email Bonnie at bonnie.campbell@afr.com

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    Original URL: https://www.afr.com/property/residential/12m-newcastle-sale-reveals-how-steel-city-turned-to-property-gold-20240609-p5jkfz