While many of the nation’s 20-somethings are contemplating how to gain a foothold in the property market, Junlin Lan and “Monica” Hairu Yang are upgrading to a $24.6 million house – Australia’s most expensive house sold at auction.
The buyers of the Vaucluse mansion, formerly owned by the late Japanese businessman Akihiko Terada, have remained a tightly guarded secret since the hammer fell on the historic auction in September, despite the bullish result being more than $10 million over the reserve.
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Lucy Macken is the prestige property reporter and Title Deeds columnist for The Sydney Morning Herald. Connect with Lucy on Twitter.
