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The 20-year-olds behind Australia's record-breaking auction

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 an investigative reporter for The Sydney Morning Herald. Connect with Lucy on Twitter. Email Lucy at lmacken@smh.com.au

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    Original URL: https://www.afr.com/property/residential/the-20-year-olds-behind-australia-s-record-breaking-auction-20201117-p56fdp