Saturday, November 2, 2024

$150m wanted for ‘Australia’s best trophy home’ – realestate.com.au

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The family of billionaire paper manufacturing magnate Huang Bingwen is whispered to have listed the Point Piper mansion Altona.

Their unconfirmed asking price is $150m.

They bought the eight-bedroom Wunulla Rd mansion for $61.8m in 2016 when offered by low-key vendors, the Wang family.

MORE: Aussie John Symond lists home for $200m+ record

Home Altona at 56 Wunulla Road in Point Piper, east Sydney.

The family of billionaire paper manufacturing magnate Huang Bingwen is whispered to have listed the Point Piper mansion Altona for an unconfirmed asking price of $150m.


**No Newspix** Actor and model Mischa Barton at waterfront Point Piper mansion Altona in Sydney, shooting a television advertising campaign for gossip magazine Famous.

Actor and model Mischa Barton at waterfront Point Piper mansion Altona in Sydney, shooting a television advertising campaign for gossip magazine Famous.


The Wangs had bought Point Piper’s former harbourfront party palace for $52m in 2013.

The iconic Victorian Italianate home sits on a 2400sq m holding with boatshed after a proposed subdivision sale of the tennis-court block failed to proceed following neighbourhood ­objections.

Altona – once dubbed a home of conspicuous consumption – ranks among Australia’s most famous trophy homes since featuring in a late 1980s TV production by the late expat presenter Clive James.

Russell Crowe Performs In Catanzaro

Russell Crowe is among those who have shown an interest in Altona. Picture: Getty


Previous owners include Deke Miskin, a teenage magazine publishing industry entrepreneur, and his wife Eve, who hosted many glamorous social events, as did the Handbury family during their earlier tenure.

Over the years, a who’s who have thought about owning Altona, including actor Russell Crowe, who looked at buying it in 2007.

Sydney’s priciest trophy home sale remains the $130m paid for Uig Lodge Point Piper in late 2022 by Atlassian co-founder Scott Farquhar and his wife Kim Jackson.

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Home Altona at 56 Wunulla Road in Point Piper, east Sydney. Picture: Supplied

Altona – once dubbed a home of conspicuous consumption – ranks among Australia’s most famous trophy homes. Picture: Supplied


Aerial view of Altona on Wunulla Road in Point Piper, Sydney. Picture: Supplied

Aerial view of Altona on Wunulla Road in Point Piper, Sydney. Picture: Supplied


Bikini and Martini party at harbourside mansion Altona at Point Piper in Sydney, to launch Cleo magazine's new bikini issue.

Bikini and Martini party at harbourside mansion Altona at Point Piper in Sydney.


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This year’s highest sale has been nearby Rockleigh at about $85m, having come with $100m hopes. The pale pink home on a 1284sq m Wolseley Rd harbourfront holding had previously traded when Philip and Valmae Rundle bought it in 1978 for $325,000.

There has been considerable family disharmony surrounding the estate. The nation’s priciest current listing remains the nearby mega-mansion Wingadal, which comes with $200m-plus hopes. The talk is offers will need to be substantially more than $200m for Aussie Home Loans founder John Symond to sell.

**No Newspix** Actor and model Mischa Barton at waterfront Point Piper mansion Altona in Sydney, shooting a television advertising campaign for gossip magazine Famous.

Model Kristy Hinze takes time out from shooting new Sportscraft campaign at Altona, Point Piper, Sydney.

Model Kristy Hinze takes time out from shooting new Sportscraft campaign at Altona, Point Piper, Sydney.


Symond plans to spend more time overseas, with the family having recently bought Roc et Mer, a retreat on the Mediterranean at Eze-sur-Mer for €13.75m ($A22.4m).

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