The latest Sydney trophy home to go on the market is Bulwarra, the historic Hunters Hill mansion owned by Oscar winner Cate Blanchett and her husband Andrew Upton, the director of the Sydney Theatre Company. The home has been listed for sale through an expression of interest campaign with Ken Jacobs of Christies International, who recently sold Jamie Packer’s $60 million plus Vaucluse home. The couple bought the two-storey sandstone mansion in 2005 for $10 million, and have lived there with their four children. Built in 1877, the home was once owned by the Arnotts family. Blanchett and Upton spent about $8 million renovating the home, adding a modern wing and staff quarters. The property sits on a massive 3,642sqm of land.