Woollahra Council Approves New Mansion on Ritzy Wolseley Road, Point Piper

APPROVAL has been granted to develop a $3.8 million mansion on Australia’s richest street, Wolseley Road, Point Piper.

After initially being rejected by the Woollahra Council, the four-storey mansion was approved after council sought legal advice.

The $20 million property’s owner, Indonesian born Julina Lum, had planned to take the redevelopment proposal to the Land and Environmental Court.

Read more

Victoria Has Australia’s Richest and Poorest Average Workers: ATO

SUBURBS in Victoria accommodate Australia’s wealthiest and poorest average workers.

According new Australian Taxation Office research, Portsea (pictured, right), about 90 minutes south of Melbourne, is home to the country’s highest earners in 2008-2009, up from third position a year earlier (those 2007-08 figures were released last year).

The average income for Portsea residents was $198,987 per annum.

Read more