A mansion in Melbourne’s inner east has broken the city’s record for a house price, Australian Associated Press reported yesterday.
A Melbourne businessman bought Avon Court in Shakespeare Grove, Hawthorn, on Tuesday night for a sum believed to be between A$21 million and A$25 million (S$27 million-S$32 million).
The property was sold by Melbourne businessman Clinton Casey, the former chairman of the Richmond Football Club and an owner and developer of retirement homes and property.
Neither the seller nor the buyer of Avon Court wanted the price made public, Kay and Burton real estate managing director Michael Gibson said.
‘In terms of Melbourne residential prices it is right at the top of the tree,’ he said.
The house contains a private cinema, gym, ballroom, six kitchens, parking for 10 cars, two pools and lifts to four levels.
Top-end property sales are currently rebounding around Australia following last year’s downturn.
The average price for a house in Melbourne was about A$480,000 at the September quarter, according to the Real Estate Institute of Victoria.
Source: Business Times, 26 Nov 2009
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