Sell with Confidence
Read More
News

Record Price for Vaucluse’s Palace of Broken Hearts

By Danielle Banton

La Mer, the sprawling Sydney Mansion, was built by casino mogul for his wife Erica Baxter in 2010. The home features a rooftop pool, cinema, and 20 car underground garage, not to mention some of the best views of Sydney Harbor.

Sadly, the couple split up before they could even move in-Forcing Packer to sell his “love nest”. It is reported the mansion has sold for a record breaking $70,000,000 to Chinese billionaire Chau Chak Wing. Despite the massive price tag it is rumored that Packer has barely broken even, having spent $30,000,000 on amalgamating three Vaucluse properties and another $40,000,000 on a mammoth extension.

The sale has affirmed Sydney’s Eastern suburbs as some of the most lucrative and desirable properties in the world’Craig Pontey Director at Ray White Double Bay.

Up to Date

Latest News

  • Ray White Double Bay named best in the East

    There isn’t a trophy cabinet big enough to hold the awards collected by the team at Ray White Double Bay at the annual Ray White awards, held this week. Principal Elliott Placks said that while it was strange not taking the whole team, dressed up in their black-tie finery, to … Read more

    Read Full Post

  • Top agency team sells six properties in 10 days amid pandemic

    DESPITE the COVID-19 pandemic, an Associate Director and Sales Executive from the most successful Australian real estate business within the Ray White network has sold six properties totalling more than $15,500,000, in just 10 days. The highlight of the six deals was the $3,500,000-$3,700,000 sale of 1 Shaw Street (pictured above) in … Read more

    Read Full Post