Point Piper mansion sells for about $34 million

Alistair WalshApril 21, 20130 min read

A Point Piper harbourfront mansion - nicknamed the Bank and Olufsen house - has sold for about $34 million, reputedly to a Chinese buyer.

The McWilliam family had bought the property for $24 million in 2006.

The three-level residence was built in the mid-1980s by Brian Johnson of Pennant Properties.

Singer Elton John nicknamed the house the Bang and Olufsen house due to its distinctive tinted glass stereo speaker design spotting it while sailing Sydney Harbour.

After an unsolicited $11 million offer from Elton John which didn't progress preceded Brian Johnson's sale of the property for $11.25 million to the Taechaubol family in 1990. They then sold it to the McWilliam's.

Alistair Walsh

Deutsche Welle online reporter
This website uses cookies to ensure you get the best experience on our website. Find out more in our privacy policy.
Accept Cookies