A house in Toorak, Melbourne, recently sold for A $40 million, breaking a record price in the region. The wealthy Hong Kong merchants who bought the mansion also paid A $12 million in stamp duty and a foreign buyer`s purchase tax.
The Daily Mail reported that the house was even a bit dilapidated compared to other luxury homes that cost tens of millions.
It is reported that there has been a fire in the house, part of the fire has not been repaired. The house remained vacant after the fire. Now, the swimming pool in the house is full of moss, the floor is exposed, even the windows are broken.
Oliver Booth, the agency responsible for selling the house, said it sold for A $40 million. But since the buyer came from Hong Kong, he also paid A $12 million in stamp duty and a foreign buyer`s purchase tax.
(photo source: TV 7 news)
The new owner of the house said he would renovate the first half of the house, and that the part of the fire would be completely demolished.
The renovation of the house is estimated to cost about A $10 million.
(photo source: TV 7 news)
Former homeowners bought the house 23 years ago for A $4.9 million, the Daily Mail reported. And the A $40 million sale price, also broke Toorak`s previous home price record.
