Gina Reinhart banks big dollars with sale of Mosman home.

The Homely Team
2 min read

Gina Reinhart, Australia’s wealthiest lady has pocketed over $5 million dollars in Sydney’s exceptionally hot real estate market, selling before even going to auction last week. Originally scheduled for a mid-week sale through LJ Hooker, the home was snapped up before by a keen purchaser, putting the property back at the level it had originally seen when it sold back in 2007.

The high-end market for the Sydney market seems to have gathered some pace, with a huge sweep coming in by plucky investors and owner/occupiers. With interest rates at the lowest rate they have been in a long time, the luxury market seems to be boding well from this. The easier access to money is making finance on these larger homes a lot more affordable, especially when a quarter basis point on interest rates can make the difference to hundreds of thousands of dollars a year.

Take a look inside one of the most exclusive property’s to hit the market this year.

Featuring 5 bedrooms, four bathrooms, a gorgeous pool and sensational harbour views, the home surely would have appealed to families who are looking for a spacious luxurious home. As for the Rinehart’s, it seems the property play has paid off with the property coming back in value to it’s 2007 price, after taking a dip of over a million dollars through the period.

Take a peak inside the gorgeous home here. And find more gorgeous million dollar homes on Homely here. 

The Homely Team
The Homely Team bring you the latest in Aus property ranging from tips on buying, selling, renting, investing, building, moving house, suburb information and agent advice, all from industry experts.

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