Former toy importer-turned-commercial property investor Orazio Camuglia was just seven years old when he arrived in Australia from Castiglione di Sicilia, an Italian hilltop town in the Sicilian province of Catania where, during the pandemic, empty villas were offered for €1 apiece.

Now, almost seven decades on, he’s ready to return to his Italian birthplace, leaving behind his Rose Bay mansion in Sydney’s eastern suburbs, which he and wife Yolanda have just listed with a price guide of $85 million. If achieved, that equates to more than 47 million €1 homes.