The secret Sydney sale that netted owners over $80 million for a house bought in the ’70s
A seemingly quaint mansion on the country’s most expensive street has reportedly sold for a rumoured $80-$85 million in a secret sale.
A seemingly quaint mansion on the country’s most expensive street has reportedly sold for a rumoured $80-$85 million in a secret sale.
Rockleigh on Wolsely Rd, Point Piper in Sydney’s east has sold off-market in a sale shrouded in secrecy yet widely reported, making it the most expensive property to sell in Australia so far this year.
The home was sold by medical specialist Philippa Harvey-Sutton and her husband, retired lawyer Alistair Harvey-Sutton, who initially had $100 million hopes for the property when it quietly came up for sale in March.
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By continuing you agree to our Terms and Privacy Policy.The buyers of the home remain a mystery.
The pale pink mansion has been tightly held for decades.
Philippa inherited the property from her late mother Val Rundle in 2016. Rundle — who was an art collector and Egyptian archaeology enthusiast - and her late husband Dr Philip Rundle purchased the home for just $325,000 in 1977.
The home is likely ripe for renovation. It spans multiple levels and sits on 1284sqm with uninterrupted harbour views.
While it isn’t the most expensive property to make headlines this year, its $80-$85 million selling price puts it high on the ladder of Australia’s biggest sales, alongside the Elizabeth Bay residence Boomerang, which is said to have sold for about $80 million in 2023, in yet another secret sale.
However, these price tags don’t come close to Point Piper’s suburb record of $130 million, secured by Atlassian founder Scott Farquhar when he purchased Uig Lodge in 2022.
The priciest property currently on the market belongs to Aussie Home Loans founder John Symonds, who listed his Wingadal mansion for more than $200 million earlier this year.
The priciest property currently on the market belongs to Aussie Home Loans founder John Symonds, who listed his Wingadal mansion for more than $200 million. Pic: Supplied
According to CoreLogic, the median house price for Point Piper is $9.9 million.
The suburb has seen a 21.5 per cent change in median value over the past 12 months.
This story was first published as Bought for $325k, sold for $80 million: Point Piper mansion’s big returns on view.com.au
Originally published on view.com.au
