Woollahra’s historic mansion with no harbour view sold for record price

Highlights

• Woollahra’s historic mansion Rosemont has become the costliest house the highest price in Sydney in 2021.
• The house with no harbour view, has reportedly been purchased by an undisclosed buyer for AU$45 million.
• The 10-bedroom house, spread over 3000 sqm, was built in 1857 by merchant banker and politician Alexander Campbell. 

Woollahra’s historic mansion Rosemont has been sold for this year’s highest price. The house with no harbour view, is reportedly purchased by an undisclosed buyer for AU$45 million. The 10-bedroom house, spread over 3000 sqm, was built in 1857 by merchant banker and politician Alexander Campbell. The residential property also has a tennis court and swimming pool.

It was only nearly 40 years ago (in 1983) the house was purchased by Lady Burrell and her late husband, Sir Raymond Burrell. The Burrells had then paid AU$1.8 million for the mansion.

In 1999, the mansion was listed on the State Heritage Register. The property is already on the Register of National Estate since 1991.

Rosemont’s AU$45 million sale has smashed the previous record that was set last month by Australian television star Kerri-Anne Kennerley, when she sold her Victorian home in Woollahra for over AU$22 million.

Meanwhile, there is only one other larger privately held estate in Woollahra. It is the colonial Georgian residence Hawthornden, which is owned by Transfield director and philanthropist Luca Belgiorno-Nettis and his wife, Anita.

Image Source: © Sarawutnirothon |Megapixl.com

Housing sector sees price boom

Australian cities have seen a significant rise in housing prices despite the coronavirus lockdown-induced restrictions negatively hitting the overall economy. In the first eight months of this year, the median housing values across the country have risen 15.8%, according to CoreLogic’s index. The values are up 18.4% in the past year. Housing prices have seen the fastest annual growth since 1989.

“In dollar terms, the annual increase in national dwelling values equates to approximately $103,400, or $1990 per week,” CoreLogic research director Tim Lawless said.

In August, the national housing values surged 1.5%, with the largest market of Sydney edging up 1.8%. In Melbourne, prices rose 1.2%. Elsewhere, the strongest gains in August were reported from Hobart which was up 2.3%, Canberra, up 2.2% and Brisbane, up 2%.

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