[Chinese buyers throw 62 million Australian dollars to buy Australia's sixth noble mansion! 】
According to the Daily Mail, a Chinese buyer recently bought Australia's sixth-most expensive mansion for $62 million after a year on the sidelines. Known as "Ganeden", the mansion, once home to three detached houses, is located in Vaucluse, Sydney's East Borough, on a 2,400 square metre hillside plot of land made up of limestone façade buildings. In October 1988, Ganeden's former owner, John Landerer, and his wife Michelle, bought one of the properties for $5.2 million, followed by two other properties in the mid-1990s and commissioned architects, interior designers and landscape architects to complete the current Ganeden mansion. In addition to stunning harbour views, the mansion has 3 kitchens, a garage for 20 cars, 7 bedrooms and 13 bathrooms. With two swimming pools indoors and outdoors, as well as a cinema, gymnasium, two internal elevators and a separate function centre, it's like a mini resort.
China's businessmen, celebrities and other high-net-worth people have a strong preference for Australian luxury homes, which is not a new thing. Because for savvy buyers, Australian property has the stability of "ballast stone", the land private ownership system is perfect, it is a freehold property, it is sacred and inviolable, and there is no inheritance tax. At the same time, Australian real estate investment is not included in the CRS review, and there is good protection for private property. Importantly, the stable appreciation potential of Australian property, with prices doubling in 7-8 years, allows overseas buyers to see the stable long-term benefits of Australian property. Therefore, high-net-worth people buy land to make a lot of money, the middle class or the working class buys middle land to make money, and buys small land to make small money.
