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A six bedroom mansion in one of Sydney’s most prestigious harbourside suburbs was sold last week for a mere $52 million.
David Penn, a dentist and medical innovator together with his wife Linda, purchased the Wolseley Road property, otherwise known as ‘Villa Veneto’ from recruitment tycoon, Andrew Banks and his wife Andrea.
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The couple had sold their Bellevue Hill home for $23.5 million only a week prior to make the purchase.
The sale marks a record price for the Sydney property market, surpassing the most expensive harbourside property by $7 million – a $45 million beachfront home in Vaucluse, which was purchased in 2008.
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