realestatebusiness logo
Subscribe to our newsletter SIGN UP

Murdoch sets house price record

09 November 2009 Reporter

Lachlan Murdoch has set the Sydney house price record of the year, after netting a mansion in the sprawling eastern suburbs for $23 million.

The Bellevue Hill fortress, Le Manoir, owned by the French Government since 1956 was purchased by Mr Murdoch during a hotly contested auction in which nine parties were said to be interested including Russell Crowe and Nicole Kidman.

With bidding starting at $18 million, Le Manoir is said to be one of the biggest auction results in Australian history.

Sitting in a secure compound of over 4000sq m, the property features expansive views of Sydney Harbour and is surrounded by 3m fences and a steel electric gate.

It also boasts two studies, five bathrooms, a guest powder room, three-car garage and a commercial-sized kitchen.

Murdoch sets house price record
lawyersweekly logo
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.