Source: Alison Coopes AgencyA view from the seven-bedroom, 12-bathroom home at 6-8 Carrara Road in Vaucluse is seen... Read More
A view from the seven-bedroom, 12-bathroom home at 6-8 Carrara Road in Vaucluse is seen in this undated handout photograph released to the media on Dec. 10, 2013. Close
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A view from the seven-bedroom, 12-bathroom home at 6-8 Carrara Road in Vaucluse is seen in this undated handout photograph released to the media on Dec. 10, 2013.
A soon-to-be-completed home on Sydney’s harbor with access to a secluded beach is expected to fetch an Australian record price of more than A$60 million ($55 million), according to the real estate agent who is marketing the property.
London-based international bank consultant Andrew Ipkendanz is selling the seven-bedroom, 12-bathroom home at 6-8 Carrara Road in Vaucluse, 10 kilometers (6.2 miles) from the city center, after spending A$27 million on its construction, due to be completed this month, Alison Coopes, director at agency by alison coopes, said in an interview. Coopes estimated the price at A$60 million to A$68 million based on a per-square-meter comparison to other top end sales this year.
Expectations of a record are “based on the activity I’ve got with a select group of people through the door and based on the fact that we’re quoting a figure and it’s not even fazing them and based on the fact that 50 percent of them have interest,” she said.
Luxury home sales have picked up in Australia due to a combination of low interest rates, rising stock prices and demand from Asian buyers. Publisher Deke Miskin and his swimsuit-designer wife Eve this year sold their nine-bedroom mansion Altona for a Sydney record of A$52 million to a buyer from mainland China, according to the buyer’s agent, Henson Properties Group.
Source: Alison Coopes AgencyA view from the seven-bedroom, 12-bathroom home at 6-8 Carrara Road in Vaucluse is seen... Read More
A view from the seven-bedroom, 12-bathroom home at 6-8 Carrara Road in Vaucluse is seen in this undated handout photograph released to the media on Dec. 10, 2013. Close
Close
A view from the seven-bedroom, 12-bathroom home at 6-8 Carrara Road in Vaucluse is seen in this undated handout photograph released to the media on Dec. 10, 2013.
Australia’s most expensive home, in the Perth suburb of Mosman Park, sold for A$57.5 million in 2009.
Any record could be overtaken by the sale of Elaine, a 6,980-square-meter (75,132 square feet) Sydney harborfront estate owned by the Fairfax family, which will come on the market in late January, said Ken Jacobs, Sydney-based managing director of Ken Jacobs real estate, who is selling the home.
The Carrara Road, Vaucluse, home, was designed by architect Peter Stutchbury and has 2,400 square meters of floor space. It is set on 2,000 square meters of land with an infinity pool and access to a harbor beach, as well as a cinema room and boat shed.
One contract has already been issued, Coopes said. Ipkendanz declined to comment via Coopes.
The home “may well go to Asia or it could also go locally,” she said. “The real interest on this one is coming from wealthy Aussies.”
To contact the reporter on this story: Iain McDonald in Sydney at imcdonald7@bloomberg.net
To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net
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