Olympic gold medal winner and world record holder Jon Henricks sells Mosman home

Olympic gold medal winner and world record holder Jon Henricks sells Mosman home
Olympic gold medal winner and world record holder Jon Henricks sells Mosman home

The Santa Barbara, United States based former 1956 Olympian Jon Henricks - who was 100 metre freestyle swimming world record holder - has sold his Balmoral slopes house after 48 years for about $5.2 million.

The dual Melbourne Olympic gold medallist was recently outspoken about how the state government’s recently introduced land tax surcharge for foreigners forced him to list the Mosman home he and his American wife Bonnie purchased in 1969.

The non-resident land tax rate was raised this year from 0.75% to 2%, with the changes meaning the couple would have to pay up to $60,000 a year.

Following the hike, Henricks listed through McGrath’s Michael Coombs with a $5 million to $5.5 million guide ahead of Saturday’s scheduled auction.

The Plunkett Road home sold inside the guide pre-auction on Thursday.

“Little by little the land tax has grown and up until to last year we were able to keep the home afloat with money from renting it out when we’re not around,” he said.

“This is absolutely devastating to deal with, there has been so many memories at the home and it has been good to us, it is all very bittersweet and devastating for us,” Henricks said.

The home has been the Henricks Australian home for nearly 50 years.

This article first appeared in The Sunday Telegraph.

Tags: 
Foreign Buyers Land Tax

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?