NSW real estate: Extravagant homes that cost six times your life’s wages
THEY’RE the extravagant homes with the best Sydney views — but they cost up to six times what most people earn in a lifetime. Now the city’s real estate boom has brought a slew of prized real estate treasures onto the market.
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THEY’RE the extravagant homes with the best Sydney views and an unrivalled ability to make anyone jealous — but they cost up to six times what most people earn in a lifetime.
The tail of the city’s real estate boom has brought a slew of prized real estate treasures onto the market, and they are among the Harbour City’s priciest homes for sale.
One of them is a prestigious family estate in northern beaches enclave Clontarf Point. Known as Portovenere, it could smash the 2016 sales record out the park.
The sprawling property at 1-3 Amiens Rd has direct access to a private beach and is being sold in conjunction with the two homes on either side of it — the only other properties linked to the beach.
The asking price for all three is roughly $24 million.
Further north in Palm Beach, Mana-Moana, an estate directly on Pittwater’s Snapperman Beach has hit the market for $20 million.
The property on Barrenjoey Rd has 13m of beach frontage and is set on a 1903sq m block, almost unheard of in an area of small blocks. The estate includes a two-bedroom brick house and two cottages.
Nearby, sandstone mansion Seasong, a one-of-a-kind architectural masterpiece overlooking the Palm Beach peninsula, has also hit the market.
No price has been released yet for the four-level, six-bedroom home, but it is rumoured the owners, who’ve had the property since the 1960s, want between $8 million and $9 million.
Features include a lift and a garden of exotic plants and sandstone caves.
A four-bedroom house in the heart of Mosman’s exclusive Clifton Gardens is among the lower north shore’s priciest listings at $14 million, and includes direct access to the Chowder Bay beachfront.
Veteran LJ Hooker agent Peter Robinson said demand for pricey homes had picked up since late last year and many of the city’s top properties were being snapped up
“In Whale Beach and Palm Beach alone, more than $70 million in property has changed hands since November,” Mr Robinson said.
Portovenere is part of the estate of late Transfield founder Franco Belgiorno-Nettis, an Italian migrant who came to Australia in 1951 to make his fortune.
Mr Belgiorno-Nettis, who died in 2006, also founded contemporary arts festival Sydney Biennale.
Inspired by Californian Modernist architecture, he built the home in the 1960s and lived there with his wife Amina and their sons Marco, Luca and Guido.
Luca, the current chairman of Sydney Biennale, remembers growing up in the home. He said it was an idyllic childhood filled with swimming, sailing and water skiing. Mrs Belgiorno-Nettis passed away last year, leaving her sons to make the difficult decision to sell their much-loved childhood home.
“It’s sad, we would have loved to have kept it. But it should have someone living there, we would like to see someone who appreciates the architecture,” Luca said.
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