Record $70 million deal for a knockdown

  • Four Vaucluse properties have been sold in one line for well in excess of $70 million to a Sydney businessman who plans to knock them down to build his own waterfront mega-mansion.

At that level the sale is higher than the Australian record sale of a single residence set last August when James and Erica Packer sold their nearby non-waterfront mansion to Chinese-Australian billionaire Chau Chak Wing



The owners of 13, 13a and 15 and 15a [behind] Coolong Rd, Vaucluse have banded together to sell to a Sydney businessman for in excess of $70 million. Photo: James Brickwood

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