Altona point piper sells for a possible $50,000,000

[Blair007]

http://www.propertyobserver.com.au/trophy-homes/altona-point-piper-sells-for-possible-$50-million/2013050160931?utm_source=po&utm_medium=aida&utm_campaign=latestnews

Check that out

Didn't even know you could find properties with that price tag in Australia.

 

[cu@thetop]

I reckon that is one property that has doubled in value every 7 years.

Very nice.

 

[Blair007]

Can't imagine it ever being an IP but wonder what the rent each week would be haha

 

[Shahin_Afarin]

This is the type of house where you will never hear the potential buyer saying "what's the price range"?

 

[Orks]

I reckon that is one property that has doubled in value every 7 years.

Very nice.

Wrong. It has been on the market for around 7 years for about the price allegedly sold for.

Also I think I've seen somewhere that it rented for $40,000 per week!

Ridiculous price to pay though. How much better can it possibly be than a $20m house. Imagine what you could do with the extra $30m. I guess when your buying houses at that price it doesn't really matter.

 

[DaveM]

Wonder if china bought it for cash?

 

[Ideo]

Wonder if china bought it for cash?

And furnished it with milk crates

 

[Ausprop]

it's all very flash and all but really for $50m you could do a lot better