Aussie John calls Sydney property top

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Not with words, with actions, from Flufferfax:

Founder of Aussie Home Loans John Symond has listed his Point Piper mansion for sale, with price expectations of more than the $50 million he spent building the home.

The harbourside home at Wingadal Place has been said to be worth $60 million but already some are speculating it could break the $70 million Sydney record for a single residential property and even hit the $100 million mark.

A spokesman for Mr Symond has declined to comment on the value of the home.

“Mr Symond would like to spend more time overseas,” spokesman Tim Allerton said when asked why Mr Symond was selling the home.

What, he’s not coming back?

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.