World’s First $A1 Billion Home Nearly Complete

ANTILLA, the $1 billion family home of wealthy Indian businessman Mukesh Ambani, is due for completion this month.

The home, which Forbes ranks as the world’s first billion dollar home, is spread over 27 levels and includes a health club, gym, dance studio, a ballroom, guest rooms, lounge rooms, a 50 seat cinema and at least one pool.

The home also includes three helicopter pads, a four level hanging garden and a basement car park with 160 bays.

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Kylie Minogue, Andres Velencoso Inspecting Manhattan Apartments

POP Princess Kylie Minogue is reportedly inspecting apartments in midtown Manhattan.

The Melbourne singer, and her spanish boyfriend Andres Velencoso are reportedly looking to buy in New York, in an attempt for both to boost thir profiles. Mr Velencoso is a model.

The London Mail reported an “insider” confirming the couple have been in the Manhattan market.

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Chicago House Next Door to Barack Obama For Sale at $US1.85 Million

Barack Obama's Chicago HouseA Chicago home next door to US President Barack Obama’s home (pictured) has come onto the market with a price tag of $US1.85 million ($A2.2 million).

The unrenovated 17-room home at 5040 S Greenwood Avenue, in the Chicago neighbourhood of Kenwood, has been owned by Bill & Jacky Grimshaw since 1973.

The property was listed for sale in September for an unspecified price.

The Secret Service will need to clear anybody who visits the Grimshaws house, according to selling agent Matt Garrison.

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Glenn McGrath to Sell $6 Million Waterfront Cronulla Estate

SPORTSMAN Glenn McGrath can expect $6 million from the sale of his waterfront estate in Sydney’s Cronulla.

The former Australian text cricketer purchased the 3300 square metre property, with a pool, cabana and outdoor kitchen, in 2006. He wasmarried last November in the home’s large rear yard (image from the yard, right).

The five bedroom home also has a boat shed.

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Malaysian Investors Swoop on Australian Real Estate

CHANGED Foreign Investment Review Board restrictions affecting foreign ownership of real estate in Australia, has resulted in a surge of Malaysian investors, catching the attention of “The Malaysian Inside” today.

Developers in Australia, and the United Kingdom have been “actively wooing” Malaysian investors for various inner-city apartment projects, including the Lumiere Residences in Sydney.

The Australian Trade Commission says Malaysians invested $A4.9 billion in Australian property in 2008, and before the boom of international investors arrived, into 2009.

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Gold Coast Mansion of Daniel Tzvetkoff Hits The Market

33 - 39 Hedges AvenueTHE luxurious new Gold Coast mansion of former IT entrepreneur Daniel Tzvetkoff has come on the market.

The 6-bedroom home, built on four house blocks between 33 – 39 Hedges Avenue in Mermaid Beach, will be offered for tender in a campaign closing next month.

Mr Tzvetkoff is reported to have paid $28 million for part-built property in early 2008, which was to have been the home of former tourism entrepreneur Tony Smith.

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Pamela Anderson House in St Kilda West Now For Private Sale

ST KILDA West’s prominent “Pamela Anderson House” (pictured, right) has been relisted for private sale at $1.62 million after failing to sell after an Expression of Interest campaign that closed in mid-November.

Built by former football identity Sam Newman in 2000, the distinctive property in Canterbury Road and at the suburb border of Middle Park includes a faint close-up image of the Baywatch star, within its three-level glass façade.

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Wayne Carey to Sell $3 Million Gold Coast Mansion

Wayne CareyFORMER AFL footballer Wayne Carey has listed for sale a newly built Broadbeach Waters mansion he was to have occupied with his ex-girlfriend.

Agents are expecting about $3 million for the 70 square waterfront home, which includes four bedrooms, a media room, 15 metre tiled lap pool, private beach and 11 metre boat jetty.

Wayne Carey purchased the home in late 2007 for $1.265 million before undertaking a major renovation.

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Penthouse Within Sydney’s The Cove Tower Lists With $15 Million Price Expectations

A PENTHOUSE within Harry Seidler’s Sydney CBD apartment tower, The Cove, has hit the market with price expectations of about $15 million.

The penthouse with views of the Sydney Opera House and Darling Harbour (image, right) is being offloaded by UK entrepreneur Graham Hellier, who has reportedly spent several million on a refurbishment. It was previously owned by another business identity Koyelan Bangaru.

The penthouse includes four bedrooms, an office and media room and several living zones.

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Michael Kroger Sells Second Piece of Former South Yarra Estate

LIBERAL Party powerbroker Michael Kroger (pictured, right) has finally sold the last piece of the South Yarra estate that was for years the marital home he shared with Ann Peacock.

The sale of the 1850s coach house, in Caroline Street (image, far right), ends a lengthy sales campaign which started in early 2009, and shortly after the couple announced they would separate.

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Victoria’s Highest Priced Home Still Unsettled

THE agency selling the Toorak mansion expected to smash Victoria’s residential price record is still confident of a sale despite the bleak global economic backdrop.

The 3 Towers Road mansion of London-based mining speculator Socrates Vasiliades was listed for sale in May with price expectations of about $30 million.

An Expression of Interest campaign managed by Kay & Burton’s Ross Savas closed a month ago but the house still appears on industry websites as a current campaign.

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MAB Unveils Docklands Newest Street: Millionaires Only

DOCKLANDS newest street – overlooking the water – and developed only with multimillion dollar townhouses – was launched earlier this month.

MAB Corporation sold all 18 low-rise homes marketed as Marina Residences prior to completion and for prices of up to $4.65 million.

The homes, each with water and city views, were developed over a reconstructed wharf in the developer’s NewQuay precinct. Each includes a plunge pool, four car garage, home theatre, home office and outdoor terrace.

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Squatters Live Rent Free in London’s Billionaire Row, While Renovating Mansion

WORK is underway to renovate a rundown property in the ritzy North London Hampstead street dubbed “billionaires row”.

Four tradespeople are living rent-free at the rundown 8-bedroom, 3-storey home in The Bishops Avenue, a street which is also home to the Saudi and Brunei royal families and steel magnate Lakshmi Mittal.

The home has been vacant for about ten years, London’s The Sun newspaper reports, and is being lived in rent-free by the tradespeople which includes three Romanians and a Frenchman.

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VCAT Approves Construction of Luxury Home Overlooking Controversial Mount Martha Beach

EXHIBITIONIST sunbakers and adventurist gays visiting Mount Eliza’s Sunnyside beaches might have to contend with the sight and sound of construction workers for a few years longer.

Millionaire horse trainer Jonathan Munz has successfully lobbied the Victorian Civil and Administrative Tribunal for a permit to build a luxury home and tennis court on a waterfront piece of his landmark Pinecliff horse training complex – near another home that was demolished in 2006.

Pinecliff, at 55-75 Sunnyside Road is on Green Wedge Zone 3 land near the YMCA’s Manyung Recreation Camp, the Morning Star Winery and Mornington Golf Club (an image of the Mount Martha coast, above).

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Jo Stanley Sells Elwood House For $1.26 Million

RADIO personality Jo Stanley (pictured, right) has sold the Elwood home she outgrew for $1.26 million.

Stanley, with husband Darren McFarlane, purchased the renovated three-bedroom terrace about five years ago – about three years before the arrival of daughter Willow.

Near the beach and Elwood village, the semi-detached Edwardian has two living areas and a relatively large side yard.

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Developers Shave $1.35 Million From Price of Unsold New Birchgrove Apartment

Cockatoo Island
THE developers of the luxury Louisa Road apartment project in the inner-western Sydney suburb of Birchgrove, have shaved $1.35 million from the asking price of a unit that failed to sell during construction.

SJB Architects, which has developed the 36 Louisa Road building with Queensland-based Sunland Property Group, has two apartments left to sell in the six-unit project, which offers residents westerly views over Cockatoo Island (pictured) toward Drummoyne.

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Bayside City Council to Sell Two More New Brighton Bathing Boxes

BAYSIDE City council can expect to reap more than $400,000 from selling leasing rights to two new bathing boxes it has constructed at Brighton’s Dendy Beach.

It was almost two years ago the council decided to build six new bathing boxes on the prominent stretch of sand, in a move expected would generate about $1 million in extra income.

The first bathing box developed on the beach in more than a century sold for $215,000 last December, suggesting the council can expect around $1.3 million from the endeavour.

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Peter Maddison Designed Townhouse Hits Market in South Yarra

A TOWNHOUSE created by Peter Maddison – architect and host of Lifestyle Channel’s Grand Designs Australia – has hit the market in South Yarra.

The three-level duplex in Davis Avenue includes an opulent lounge room with a prominent fireplace that has appeared in numerous design magazines and publications over the years, including Domain.

A study is accessed from this lounge room, which is on the entrance level with a casual living and meals area. At the lowest level, is an underground car park for three cars, while three bedrooms are on the top level.

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John Foreman to Sell St Kilda West Penthouse

MUSICAL director, pianist, composer – and inadvertent television personality – John Foreman is selling a waterfront St Kilda West penthouse.

The three-bedroom apartment, with basement underground parking for two cars, will be auctioned at 12:30pm next Saturday where it’s expected to fetch between $930,000 and $1.02 million.

With a study nook and three balconies, the penthouse at 358 Beaconsfield Parade captures water views from the open plan living/dining room, and one of the bedrooms.

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Village Roadshow Director to Sell South Yarra Penthouse

A MEMBER of the Kirby family, which owns media giant Village Roadshow, is selling a penthouse apartment in South Yarra’s Darling Street.

Clark Kirby, the director of corporate strategy for the family business, is relocating with his new wife, Sara Groen, who was until recently a current affairs presenter with Channel Seven in Sydney.

Ms Groen unwittingly made headlines last year, when Seven executives said her new haircut breached its contract, and ordered she fit hair extensions. She is also an ambassador for youth mental health service Headspace.

The couple’s outgoing penthouse is spread over two levels and includes three bedrooms and three decks. It also includes three car parks, and – perhaps not surprisingly – an entertainment room with a cinema.

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Brodie Holland to Sell Moonee Ponds Terrace

RECENTLY retired Collingwood footballer Brodie Holland, and his wife, model, Sarita Stella-Holland, are set to outgrow their Moonee Ponds terrace.

The couple are expecting twin boys later this year, and with nine month old daughter Stevie, are looking for something bigger.

Their outgoing home, in Normanby Street, in Moonee Ponds, is now for sale with agency Nelson Alexander Essendon.

A twilight auction at 7:30pm on Thursday March 3 will be managed by selling agent John Matthews.

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Balwyn North Rebuilding Continues as Biggest Ever Mansion Hits The Market

REMEMBER when a walk around Balwyn North used to be an enchanting experience? When classic 50s, 60s and 70s family homes sat back on established manicured gardens, which at times meshed into the leafy streets?

The turn of this century will be remembered for many controversial decisions regarding Melbourne planning, among them, the rebuilding of Balwyn North.

Agents say developer interest in the past decade has been rampant, with modest cottage homes increasingly replaced with townhouses or monolith mansions, which prove particularly attractive when onsold to offshore based buyers.

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Former VFL Footballer Richard Osborne to Sell Middle Park Home

FORMER Fitzroy Football Club Captain Richard Osborne and his wife Natalie have sidelined plans to extend a quaint Middle Park home.

The Osborne’s are now disposing of the Harold Street property – a four-bedroom single-level cottage, a short torpedo’s distance from Beaconsfield Parade and the Middle Park Beach

The couple purchased the home, on a 260 square metre block, four years ago, before obtaining a permit for a contemporary Nicholas Murray Architects extension and renovation.  The house is being sold with plans to convert the existing cottage into a four-bedroom plus study showpiece with a rooftop deck capturing water and city views.

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Prominent Brighton Mansion, Former Home of Olympian Ron Clarke, Could Set Suburban Record

A prominent Brighton home once owned by Olympian turned Gold Coast Mayor, Ron Clarke has hit the market and may set a new price record for the ritzy bayside suburb.

The spectacular Spanish Mission style mansion at 1 Bay Street is expected to sell for about $15 million – either as a renovation rescue or an apartment development site.

At this kind of money, the six bedroom 1920s home on a 1933 square metre block, could surpass the $15.5 million suburban record set last July when property developer Mario Salvo purchased a modern waterfront home in Glyndon Avenue.

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Chris Tarrant and Wife Lauren to Auction Armadale Home Today

AFL footballer Chris Tarrant may be returning to Victoria to see out the rest of his career wearing a black-and-white Guernsey for Collingwood.

But the renowned forward has chosen not to live at the Armadale address he previously used as his Melbourne base – and will instead auction that property today.

Tarrant and his wife, model Lauren Strauss, can expect about $4 million, sources say, from the sale of the Adelaide Street house, which is near the High Street shops and the suburb border of Toorak and Malvern.

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Former PM Residence, St Kilda Road, Melbourne, Listed For Sale

ONE of the few remaining historic mansions in Melbourne’s grand St Kilda Road is being offered for sale – but its fate – as a luxury home, or as an equally lavish office – is now in the hands of whoever waves the biggest cheque.

The prominent Airlie mansion at 452 St Kilda Road, on the north-west corner of Arthur Street was once occupied by Prime Minister Stanley Bruce whose Nationalist-Country coalition governed the country between 1923 – 1929.

Built in 1891, Airlie was eminent during a period St Kilda Road was revered as the address of Melbourne’s wealthiest aristocrats and where some of the city’s most grandiose residential real estate was developed.

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Portsea Golf Club Resort a Step Closer After Club Sells Enough Sites to Fund Redevelopment

Portsea Golf ClubPLANS for a new $12 million clubhouse and hotel resort at the prestigious Portsea Golf Club have teed off, officially, after the Club successfully sold enough of its land to fund the new development.

Four of the five double blocks put to the market in February have now sold, with another two blocks now released for sale.

The Club is expected to bunker another $4 million from the remaining three blocks.

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Auction of Journalists Canterbury Home Makes the News

Michael SchildbergerTHE family home of late broadcaster and reporter Michael Schildberger has been listed for sale.

The Canterbury home served Mr Schildberger and his family for 31 years, but is being sold after the respected journalist died in June of prostate cancer, aged 72.

Forging an impressive career which saw him climb from the Channel Nine publicity department into the newsroom, Mr Schildberger is most recognised for his role as the host and executive producer of A Current Affair, and other news shows, until the late 1970s.

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Auction of Journalists Canterbury Home Makes the News

Michael SchildbergerTHE family home of late broadcaster and reporter Michael Schildberger has been listed for sale.

The Canterbury home served Mr Schildberger and his family for 31 years, but is being sold after the respected journalist died in June of prostate cancer, aged 72.

Forging an impressive career which saw him climb from the Channel Nine publicity department into the newsroom, Mr Schildberger is most recognised for his role as the host and executive producer of A Current Affair, and other news shows, until the late 1970s.

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Former Elwood Reception Centre Hits The Market

HERE’s an open for inspection you might have already been to.

A huge Elwood property which operated for almost 40 years until about 1990 as the Fontainebleau Reception Rooms, has hit the market and is expected to sell for about $5 million.

Now a private home and simply called Fontainebleau, JP Dixon Brighton selling agent Nick Johnstone says the fully renovated four bedroom home, overlooking Point Ormond, could set a new price record for the waterfront suburb, between St Kilda and Brighton.

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Alannah Hill Stitches $1.68 Million From St Kilda Apartment Sale

FASHIONISTA Alannah Hill has stitched up $1.68 million from the sale of a three-level St Kilda apartment she bought in 2004 as an impulse buy.

The apartment is built into the walls of an 1888 mansion in trendy Fitzroy Street – a property previously a home to squatters, a brothel, and later a French Consulate.

With a double garage, three bedrooms, wine cellar and a rooftop garden with city views, the apartment was decorated in Ms Hill’s unique style.

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New Record Set in Lower Plenty, Melbourne

FOR the second time in a year, the record price for a home in Lower Plenty has been broken.

This time, in Beckett Court, a 4738 square metre estate with a tennis court, pool, spa, steam room, and 929 square metre mansion, sold for $3.6 million.

Morrison Kleeman director Rocco Montanaro said the sale price eclipses a record set last October, when a six-bedroom colonial style house on another massive block at 140 Bonds Road sold for $3.51 million.

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Hawthorn East School Converted Into Prestige Street

HAWTHORN East’s former Preshil School site has re-opened as a small, new housing estate.

A spokeswoman for the Boroondara Council said a Plan of Subdivision was certified on July 9, in which Daniel Court replaces a site previously known as 462 – 466 Barker Road.

The planning application to replace the school with a new street was lodged in early 2006.

Daniel Court has eight blocks, ranging in area from about 550 square metres to just over 720 square metres.

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EG to Redevelop Former Hedley Sutton Retirement Village, Canterbury

IT was described as the “best bargain development site” to sell during the economic downturn, and now builder EG Funds Management is ready to cash in.

The former Hedley Sutton Retirement Village, on the corner of Canterbury Road and Gascoyne Street, is being replaced with a medium density housing project, called The Canterbury.

EG paid Baptcare just $12.53 million for the 8161 square metre site in late 2008, at a particularly depressed time in the residential development site market.

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Kew’s Sholom Lodge Likely to be Melbourne’s Next Historic Home to be Demolished

ANOTHER historic home in Melbourne’s ritzy east is set to be replaced with apartments.

The grand Kew home, currently known as Sholom Lodge and used as a 14-bed aged care facility, is being sold as a residential development site with a permit for 12 flats.

Sholom Lodge is near the busy roundabut of Princes Street, and the entrance to the Kew Cottages redevelopment, being undertaken by Sydney-based private developer Walker Corporation.

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David Parkin to Sell Mothers House, Hawthorn

AFL legend David Parkin, and his brother Des, a medical researcher, are selling the Hawthorn home that his belonged to the Parkin family for five generations.

The five-bedroom rendered bungalow at 39 Denham Street is located directly opposite St James Park where the Parkin boys perfected their football, cricket, and lawn bowling skills.

Currently configured as a three bedroom house, with formal and informal dining areas, the 1920s dwelling includes many original features such as a panelled entrance foyer, leadlights, open fire places, beamed ceilings and timber floors.

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Bruce Mathieson to Retain Brighton Mansion

Pokie king Bruce Mathieson has withdrawn his Brighton mansion from the market. The five-bedroom property in Sandown Street on Brighton’s Golden Mile was mysteriously whisked off industry websites last month, sparking speculation that the house – on the market for more than $9 million 12 months ago and later reduced to $7.5 million – had actually been sold.

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Some New Records Set in Melbourne’s West

INTEREST in the streets regarded as “the best in the west” appears to be rampant, with the record price of a Moonee Ponds home speculated to have been smashed twice in the last two weeks.

No sooner had builder Raffaele Aiello set a record, paying about $4.65 million for a home on ritzy Ardmillan Road, did Secret Agent get tipped off about an off-market $5.2 million deal, on Park Street and near the sprawling family home of ex North Melbourne VFL footballer Kerry Good.

Nelson Alexander’s Matthew Febey, who marketed Ardmillan Road, declined to comment on any deals when contacted by Secret Agent.

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Record Price for a Melbourne House Smashed For the Third Time in Four Months

The record price for a house in Melbourne has been smashed for the third time in four months.

Former soft drinks distributor turned property developer Harry Stamoulis is speculated to be paying $25 million for a massive estate at 39 St Georges Road, Toorak, which includes a seven bedroom unrenovated mansion – once the family home of Opposition Leader Ted Baillieu.

The Baillieu family put the house at a trough in the prestige property market in 2008, where it eventually sold for $14.8 million to private investors the Zig Inge Group, who develop mainly retirement communities.

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Swimmer Michael Klim Turns his Hand to Property Development

Michael KlimANOTHER sportsman is turning his hand to a property development, this time in Brighton.

Swimmer Michael Klim is developing two luxury townhouses in the prestigious pocket of Martin Street, between St Kilda Street and the bay, in the precinct known as the Golden Mile.

JP Dixon selling agent Nick Johnstone expects about $5 million for the one townhouse that is on the market, which is opulently decorated in Balinese style.

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Canterbury Mansion of Anthony Podesta Fails to Sell After Expression of Interest Campaign

Any chance of a new price record being set in the leafy eastern suburb of Canterbury looks unlikely to occur anytime soon, after the Monomeath Avenue mansion of business identity Anthony Podesta failed to sell after an expression of interest campaign.

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New Australian Record Price of $57.5 Million For Home, Perth

A WATERFRONT mansion in Perth’s Mosman Park has smashed the record price for a home sale in Australia.

The Saunders Street home offloaded by iron ore heiress Angela Bennett, includes three buildings, a cinema, tennis court and a private jetty. The 7,567 square metre property can be subdivided.

The price breaks the $45 million record set for a home in Sydney, and the $23 million previous Perth record price, set in 2007, for a mansion in Claremont.

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New Record Price Expected to be Set For Melbourne’s Western Suburbs

A LANDMARK property on the suburb border of Newport and Williamstown is expected to smash the record price paid for a home in Melbourne’s western suburbs.
 
Hocking Stuart Williamstown’s Wayne Elly is expecting up to $8 million for the Sea Gates estate at 62 The Strand, which has rear access to Yarra Street.
 
The massive 3,500 square metre property includes two historic homes –  Sea Gates and the smaller Dachet – and enjoys postcard views over Hobsons Bay to the Melbourne CBD.

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Clinton Casey’s Outgoing Avon Court Mansion, Hawthorn, Expected to Set New Price Record

Avon Court, HawthornFORMER Richmond Football club president Clinton Casey can expect to make about $16 million from the sale of his Avon Court mansion, in Melbourne’s ritzy eastern suburb of Hawthorn – setting a new price record for the suburb.

The 4,645 square metre estate includes a 4-storey historic and heritage protected mansion, swimming pool and tennis court.

Mr Casey paid $5.7 million for the property in 2003 before undertaking a major renovation.

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Ex-Kangaroo Shannon Grant to Sell Mordialloc Beach Front Property

FORMER AFL Premiership player Shannon Grant is selling an investment property at 180 Beach Road in Mordialloc.
 
The modest three-bedroom, single level home, on a 653 square metre block, is expected to sell at auction next month for around $1.250 million, according to Hocking Stuart Brighton selling agents Rod Richardson and Stuart Kelso who is auctioning the property at 3:30pm on November 28.
 

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ABC’s Slice of Rippon Lea Estate, Elsternwick, Expected to Sell For More than $25 Million

Rippon LeaAN 8,000 square metre slice of Elsternwick’s historic Rippon Lea estate, compulsorily acquired by the State Government in the 1950s for the Australian Broadcasting Corporation – is likely to be sold to residential developers, if the ABC vacates the property in 2012.
 
ABC project director Ray Moore told Secret Agent it is considering selling two Elsternwick properties, currently occupied as studios and offices, including a major complex on Gordon Street abutting Rippon Lea – built on what was once the property’s southern boundary. 

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Patrick Handbury to Sell Geelong Waterfront Mansion

THE entrepreneur nephew of media mogul Rupert Murdoch, Patrick Handbury, is selling a Geelong waterfront mansion.
 
Mr Handbury is seeking $2.69 million for the 77-year old, 5-bedroom property at The Esplanade, in Drumcondra, at the suburb border where North Geelong meets Geelong.
 
The mansion sits on a 949 square metre block and also includes two studies, a billiard room with open fire place, sheltered pool area with gazebo, and living areas overlooking Corio Bay.
 

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Chinese Government Rumoured to be Behind $7 Million Toorak Mansion Buy

THE founder of online careers website Jobs Jobs Jobs, Guy Sigston, is understood to be close to selling his near-new French Provincial style Toorak mansion for about $7 million.
 
The 6-bedroom, 80 square Selborne Road home, which includes a 5-car underground garage, gymnasium, wine cellar and rooftop terrace with city views, was listed for sale in May.
 
Rumour doing the rounds in Toorak Village is that interests associated with the Chinese Government are the frontrunners to buy the property, but this could not be confirmed. 

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