ATO Moves to Sell Distinctive Unfinished Perth Mansion

THE distinctive half-built Perth mansion dubbed by locals as the ‘Taj on Swan’ is a step closer to being sold after the Australian Taxation Office moved proceedings in the Federal Court.

The half built home (pictured above at various stages of construction) on the corner of Bay View Terrace and Keane Street in Peppermint Grove is expected to fetch between $15 million and $18 million, according to sources.

It’s been reported the domed structure was costing $70 million to construct, and upon completion would be one of the most expensive properties in Australia.

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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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Price of Quoin Island, Queensland, Dropped to $1.5 Million

LIQUIDATORS of Queensland’s Quoin Island have dropped the sale price to $1.5 million, after attempts to sell the property for $2.7 million last year, fell through. PKF Chartered Accountants and Business Advisers said the price drop was in recognition that the market for top-end property in Queensland has deteriorated in the last 12 months. “I

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Squatters Live Rent Free to Renovate Rundown Mansion in London’s Billionaire’s Row

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

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Steve Price Buys South Yarra Terrace Mansion

PROMINENT radio broadcaster Steve Price and his partner, Wendy Black are understood to have purchased a luxurious historic terrace in South Yarra’s most exclusive pocket near the Royal Botanic Gardens.

The program director and breakfast presenter at new Melbourne talkback radio station MTR is believed to have paid more than $2.5 million for the double-storey four-bedroom terrace.

The home is walking distance to the MCG, where Price’s AFL team the Tigers play. It’s also near the Swan Street Richmond studio from where MTR broadcasts.

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Nicole Kidman, Keith Urban Pay $6 Million For Sydney North Shore Penthouse

ACTRESS Nicole Kidman, and husband Keith Urban are reported to have paid $6 million for a penthouse apartment on Sydney’s lower north shore.

The penthouse, at Mirvac’s Latitude redevelopment in Lavender Street, Milsons Point, is built within the walls of a 1960s-built office building, formerly occupied by electronics giant Sharp.

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Larry Emdur Pays $6.8 Million For Dover Heights Mansion

LARRY Emdur, former game show host turned co-host of Channel Seven’s The Morning Show, has paid a reported $6.8 million for a cliff-top Sydney mansion.

Emdur, with wife Sylvie, will relocate from another waterfront home in the suburb, in Sydney’s east.

The home (pictured, right) was offloaded by rag traders Lusa Krukziener Moss, the wife of Jeff Moss, the founder of the Packer family backed Pretty Girl fashion group. Lisa is reported in various publications as paying $7.1 million for the home in February 2007.

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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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Historic Stonington Estate Being Sold Down Again: Melbourne

PART of the Stoningon mansion estate in Malvern, which was once the Governor General’s residence and which many Melburnians believe should never have fallen into private hands, is being sold-down by its Chinese developer owners.

Two subdivided suburban sized blocks within the former estate, which the state government effectively gave to Deakin University in the 1990s, and the university sold five years ago, are expected to fetch a combined $4 million, according to sources.

Totaling 1344 square metres the blocks (a small part on the much larger marked out area, pictured) are for sale with permits for apartment complexes. But they are also being marketed to prestige buyers who might consider building just one home on the land.

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Daniel Tzvetkoff’s Hedges Avenue Mansion Sells For $17 Million

THE Gold Coast mansion of IT tycoon Daniel Tzvetkoff has sold for $17 million.

The Gold Coast’s Bulletin Report says a local businessman has purchased the nearly-completed mega mansion in Hedges Avenue. The six-bedroom home is reported to need another $500,000 spend on renovation, and cost Mr Tzvetkoff about $28 mllion last year.

The mansion includes underground parking for ten cars and occupies four house blocks on Mermaid Beach.

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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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