James Packer’s Sydney house fetches over $60m
Billionaire James Packer and former wife Erica Baxter have sold their Sydney home for more than $60 million, breaking Australian records.
The six-level mansion, which sports harbour views in the ritzy suburb of Vaucluse, was officially sold for the highest price ever paid for a property in Australia.
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The 3345 sq metre property known as ‘la mer’ was reportedly sold to billionaire Chinese property developer Dr Chau Chak Wing.
The mansion and compound includes spots for twenty cars, a cinema and gym.
The sale smashed the previous Sydney record of $52 million for the Point Piper mansion Altona in 2013.
Packer and his former wife Erica Baxter spent millions renovating the designer home, but split just months after moving in.
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– with AAP
