Medich makeover for Vaucluse mansion
Property developer Anthony Medich isamending a development application for his 16 Wentworth Road, Vaucluse mansion.
Property developer Anthony Medich isamending a development application for a Wentworth Road, Vaucluse mansion he bought for $6.85m. Medich plans a new pool for the 1935-built mock Tudor estate positioned on nearly 800sq m. He also wants to add a new attic, new garages and landscaping. The property is on part of the 370 acres granted to William Charles Wentworth in 1838.
Ray White goes Greek
Ray White is expanding into Greece, specifically Corinth and Athens, from February. Ray White already has more than 700 offices in Australia, plus operations across New Zealand, Hong Kong, Lebanon, Dubai, Abu Dhabi and Indonesia. Ray White chairman Brian White says: “We have a number of Greek members in our team in Australia and they are very excited. They believe that with the contacts they have it will work both ways.” Price-wise, White says the Greek property market is extremely competitive at present. At home, White says stock clearance rates throughout the Ray White network are remarkable. “Last month we sold just over $5bn worth of property, the highest ever amount of sales.”
Brad’s pad
Former Virgin executive Brad Rosser, who once reported directly to Richard Branson, has sold his mansion at The Crescent, Vaucluse for $9.4m, having bought it for $6.75m eight years ago. The buyer was David Greenblo, founder of bamboo clothing designer Boody Australia. Sotheby’s Michael Pallier handled the sale.
Room with a view: Tassie east coast gem hits market
This four-bedroom home near Bicheno on Tasmania’s east coast offers uninterrupted ocean views – and even has a dedicated crayfish cooking station. Price: $4.5 million-plus.
’People who take advantage of negative gearing are not the bad guys’
He’s the former radio DJ turned authority on all things architecture and design. Now, Tim Ross turns his attention to how home ownership became an enduring national obsession.