Sydney’s $20,000 a month mansion may be the most expensive home in Australia
A luxury Sydney mansion with a $20 million price tag may be Australia’s most expensive property in terms of its annual revenue, according to a new report.
The report from Australian Property Research, which analysed data from the Australian Property Report’s 2016 Annual Survey of Real Estate Ownership, found that the $20.7 million mansion was the most-expensive Sydney home in terms on average revenue.
The property was the third most-valuable Sydney property in 2016.
“It’s probably not surprising that Sydney’s luxury market is among the highest in the world and this is the most desirable property in the city,” chief executive of the company, Simon Bissonnette, said.
“This is one of the highest-priced properties in Sydney for a number of reasons. “
“Its location makes it a great location for luxury accommodation. “
“There’s a large community, and the house has a lot of social amenities. “
“A big advantage to this house is that it’s close to the CBD, and it has a very good view of the CBD.” “
Mr Bissonette said the property was also the only property in NSW to be valued in millions. “
A big advantage to this house is that it’s close to the CBD, and it has a very good view of the CBD.”
Mr Bissonette said the property was also the only property in NSW to be valued in millions.
“People are willing to pay a lot for this property, and that’s a good thing,” he said.