Inside the most expensive home sold this year
Australia’s most expensive homes have seen the largest falls in value during the global coronavirus pandemic, but one home has still managed to fetch a multi-million dollar price.
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This Vaucluse home on Coolong Road has sold in the “high $30 million range”, making it the most expensive home sold in 2020, Domain has reported.
The seven bedroom home, represented by Christie’s International Real Estate, was sold by the Vass Electrical Industries founder Nicholas Vass and his wife Marion.
The home had a guide of $42 million and was last sold for $3.7 million 34 years ago.
Take a look inside
Described as possessing a “Great Gatsby style”, the home has seven bathrooms and six car spots, a pool and tennis court.
“Hidden and gated from the street, it rests in a dress-circle address that promotes peace and privacy. Sweeping harbour panoramas are captured from nearly all of its exceptional living and its entertainer's terraces,” the listing reads.
“Boating enthusiasts will relish the boathouse, slipway, jetty and unique four post berthing facility. Elegant interiors are adorned with marble and timber floors, wrapped in glass and resting under high ceilings.”
The property also features a self-contained studio, described as a perfect addition for in-laws “or the au pair”.
And if none of the six cars are suitable, the home is also within steps to the bus.
According to CoreLogic analysis released earlier in August, expensive homes generally lead both falls and increases in home values, with their behaviour in Covid-19 no different.
The most expensive 25 per cent of homes have fallen 2.9 per cent since the end of March. That’s compared to the cheapest quarter of the market which has seen values fall only 0.5 per cent.
In Sydney, the most expensive homes tumbled 2.5 per cent in the last quarter, while in Melbourne that fall was 5.2 per cent.
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