Wolseley Road
Wolseley Road is a road in the Sydney suburb of Point Piper. It has the reputation of being one of the most expensive streets in Australia.
Description
Wolseley Road is the most expensive residential road/street in Australia and its status stands as Australia's ultimate address, with 16 of the top 100 most expensive houses in Sydney being located on this road.[1] Property writer Cindy Martin calculated in 2002 that the total value of the properties on the one-kilometre waterfront section of Wolseley Road was worth, in total, A$720 million.[2] More recently, Andrew Banks' property on Wolseley Road has been made an offer of $50 million which has been declined.[3]
Craig-y-Mor, a non-waterfront house on Wolseley Road and Australia's most expensive residential property, was sold in 2008 for $32.4 million. It was previously owned by Rene Rivkin who sold it to businessman Ben Tilley in 2004 for $16.15 million. The house has six bedrooms and a nine-car garage.[4]
Many of Sydney's top businessmen, doctors, barristers and judges reside on Wolseley Road.[citation needed]
House Styles
Houses in Point Piper are designed according to the limited availability and price of land, as well as the physical nature of the location. Though only garages are visible from the street, houses dominate the landscape from the water, towering up to eight storeys high.
References
- ^ Sydney Morning Herald (27 April 2002). "A city and its multi-million dollar digs". SMH.
- ^ Cindy Martin (24 December 2002). "Extreme Sydney, Wealthiest". SMH.
- ^ Anthony Klan and Turi Condon (2007). "Prestige house price record set to soar". The Australian.
- ^ Jonathan Chancellor (14 March 2008). "$32m for Rivkin Point Piper pile". The Sydney Morning Herald.
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