"Aussie John" Symonds has put his Point Piper mega-mansion on the market, amid market speculation it could sell for a record $100 million.
John Symonds, who famoulsy founded the Aussie Home Loans empire, has put his luxury Point Piper mansion on the market.
No official price guide has been released, but the property is widely expected to set a new Sydney record. The current Sydney record is held by James Packer's Vaucluse home which sold for $70 million last year. The Symonds property is expected to fetch in the realm of $100 million.
Bill Malouf of LJ Hooker Double Bay and Ken Jacobs of Christie's International are handling the sale.
Malouf told The Real Estate Conversation there is very little on the market at the very high end at the moment, and there is bound to be strong interest. "The top end of the market is very solid because there is very little out there," he said, noting that everything that had gone to market over the last 12-14 months had already sold.
Malouf said the property would appeal to everyone - local, interstate, international and expat buyers returning from abroad would all be interested in a property of that calibre with perfect views of the Opera House and Harbour Bridge.
Symonds recently sold a majority stake in Aussie Loans to the Commonwealth Bank, and is thought to be contemplating a move overseas.
The Point Piper block is 2,700sqm and has 90 metres of water frontage, making it the largest waterfront property on Point Piper's celebrated western foreshore. The house took five years to build, costing more than $50 million.
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