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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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).

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more