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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