China's Golden Week secures $9.6 million Killara sale

China's Golden Week secures $9.6 million Killara sale
Jonathan ChancellorDecember 7, 2020

The $9.6 million Killara mansion sale of Manresa was notched up by a Significant Investment Visa-approved buyer.

There has been an influx of Chinese buyers in Australia last week during the holiday period known as Golden Week.

The Stanhope Road property last sold for $7.28 million in 2009. Manresa was inspired by 19th-century Queen Anne architecture. Property Observer columnist Margie Blok once wrote that it was reminiscent of the lavish Beverley Hills mansion owned by rock star Rod Stewart.

"The majestic home is embraced by 4,000 square metre of rolling established grounds and is a monument to the Golden Triangle's elite status," the marketing said.

The record remains at Springdale Road's Deepdene, a 5533-square-metre heritage-listed estate with extended 1924 bungalow sold two years ago by former Microsoft pioneer Daniel Petre and his wife Carolyn for $11.5 million. It was purchased by Anita Cunliffe, the wife of Guy Fowler, the managing director of UBS.

Sales in Killara this year have included former Macquarie Bank executive Murray Bleach and his wife Leigh securing $6 million-plus.

Golden Week (黄金周), in the mainland of the People's Republic of China, is the name given to a semi-annual seven day early October national holiday, implemented in 2000.

October 1st, 1949 was the memorial day for the founding of the People’s Republic of China. Ever since 1950, every October 1st has been celebrated by Chinese people.

 

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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