Australia’s richest street has done it again – this time with a rumoured “knockdown” $80m to $85m property deal. Wolseley Rd in exclusive Point Piper has repeatedly earned the top gong for the country’s priciest real estate and a secret off-market exchange has seen yet another eye-watering sale demonstrate the deep pockets of Sydney’s affluent house hunters. Rockleigh, a classic cottage on a 1284sq m block taking up 120-122 Wolseley Rd, has reportedly been offloaded for between $80 million to $85 million – a hefty price tag considering it was bought by the family back in 1978 for just $325,000.
RELATED: $130m home has no mortgage Here comes the wrecking ball. Converted into today’s money, however, that 1970s purchase price would have been a princely sum of about $2.15 million in an era when the average Australian annual income was about $6000.
The mystery cashed up buyer’s identity is yet to be revealed. The home was quietly offered for sale in March with $100m hopes . Simon Cohen, founder of Cohen Handler buyer’s agency, remained tight-lipped about the high-profile sale but revealed he had been through Rockleigh.
“It’s an original two-level home that hasn’t been touched in many, many, many years. I’d say it’s a knockdown,” he said. RELATED: Aussie John Symond lists home for $200m+ record It’s not much on the outside.
According to Mr Cohen, this calibre of property is often sold secretly and is rarely seen on typical property portals. “As a.