A mansion in Sydney, which was once the holiday home of U2 front man Bono, has been sold for a record breaking A$54 million (£35.6 million). The luxurious eight-bedroom house was sold to a Chinese-born businessman earlier this week.The property, which has been on the market for six years, was last used by the rock star for a family holiday in 2006. It was last sold in 2002 for A$28 million, nearly doubling in value over the last decade. The eight-bedroom “Altona”, located in the exclusive Point Piper, Sydney, was bought in a secret deal with a businessman who currently lives in Melbourne.
While house prices in Sydney rose just 1.3 per cent in March, top-end houses have been attracting more and more interest from Chinese buyers in the last few years. The sale of Bono’s previous holiday abode beat the previous record sale in Sydney by A$9 million but missed beating the national record by A$3.5 million.
Point Piper, New South Wales is an exclusive harbourside suburb of Sydney. Regarded as one of the most affluent and exclusive residential suburbs in Australia, Wolseley Road, the main road in Point Piper, is currently ranked the 9th most expensive street in the world, at US$20,900 per square metre.
The A$54 million mansion features a heated waterside pool, boathouse and private tennis courts. The property also contains eight bathrooms, eight bedrooms and unbeatable views of the Sydney Harbour.