Hockey orders sale of $39m Point Piper mansion Villa de Mare for FIRB breach
The federal government has announced the forced sale of the $39 million Point Piper mansion Villa de Mare, formerly owned by recruiter Julia Ross, in one of the first such acts in a decade.
Phillip Coorey | Samantha Hutchinson | Anne Hyland
China’s 15th richest man has 90 days to sell one of Sydney’s finest homes, at whatever cost, or face the prospect of prosecution.
The $39 million Point Piper mansion Villa de Mare was sold last year in contravention of existing laws that prohibit foreigners buying property without government approval, Treasurer Joe Hockey said.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@fairfaxmedia.com.au
Anne Hyland is an award-winning writer and a senior correspondent for The Sydney Morning Herald and The Age. She was previously deputy editor of Good Weekend and has worked for The AFR and as a foreign correspondent. Connect with Anne on Twitter. Email Anne at ahyland@smh.com.au
