Bono’s one-time Sydney holiday home sells for record $55.4 million

Bono, lead singer of the band U2 and ONE organization co-founder once rented a mansion that just sold for $55 million. Must be nice.
Bono, lead singer of the band U2 and ONE organization co-founder once rented a mansion that just sold for $55 million. Must be nice.

A Sydney harborfront mansion has been sold for a record-setting $55.4 million to a Chinese-born businessman, reinforcing the city’s growing status as a hot property destination, newspapers said on Thursday.

On the market for six years, the luxurious eight-bedroom “Altona” in exclusive Point Piper was bought in a secret deal with the businessman who currently lives in Melbourne, the newspapers reported.

The property and its heated waterside pool and boathouse, rented by U2 rock star Bono in 2006 for a family holiday, was last sold in 2002 for A$28 million.

While Australian capital city home prices rose by only 1.3 percent in March, top end Sydney properties have attracted strong interest from Chinese buyers, and almost three in four international sales have gone to Asian buyers in recent years.

The Altona sale beat the previous Sydney property sale record of A$45 million, but fell short of the national record of A$57.5 million paid in 2009 by mining services magnate Chris Ellison for a sprawling riverfront home in Perth.

 


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