Wolseley Road

Location

Located in Point Piper, Sydney, Australia, "Wolseley Road" is the most expensive residential road/street in Australia and its status stands as Australia's ultimate address, with 16 of the top 100 most expensive houses in Sydney being located on this road. [cite web | author=Sydney Morning Herald| title="A city and its multi-million dollar digs" | publisher=SMH | date=27 April 2002 | url=http://www.smh.com.au/articles/2002/04/26/1019441305501.html] Property writer Cindy Martin calculated in 2002 that the total value of the properties on the 1km waterfront section of Wolseley Road was worth, in total, AUD 720 million. [cite web | author=Cindy Martin| title="Extreme Sydney, Wealthiest" | publisher=SMH | date=24 December 2002 | url=http://www.smh.com.au/articles/2002/12/23/1040511004130.html] More recently, Andrew Banks' property on Wolseley Road has been made an offer of $50 million which has been declined. [cite web | author=Anthony Klan and Turi Condon| title="Prestige house price record set to soar" | publisher=The Australian | year=2007 | url=http://www.theaustralian.news.com.au/story/0,20867,21239820-2702,00.html]

Craig-y-Mor is a non-waterfront house on Wolseley Road, which is Australia's most expensive residential property, sold in 2008 for $32.4 million. It was previously owned by Rene Rivkin who sold it to businessman Ben Tilley in 2004 for $16.15 million. The house has has six bedrooms and a nine-car garage. [cite web | author=Jonathan Chancellor| title="$32m for Rivkin Point Piper pile" | publisher=The Sydney Morning Herald | year=2008 | url=http://www.smh.com.au/news/national/32m-for-rivkin-point-piper-pile/2008/03/13/1205126112305.html]

House Styles

Houses in Point Piper are designed according to the limited availability and price of land, as well as the physical nature of the location. From the street only garages are visible; however, from the water houses dominate the landscape, towering up to 8 stories high.

Conflict

December, 2006 - "Two Australian native trees - each about 100 years old and exceeding three storeys in height - were poisoned and one was removed." [cite web | author=Kim O'Connor| title="Prestige house price record set to soar" | publisher=Village Voice | year=2007 | url=http://www.villagevoice.com.au/article/20070620/NWS07/706190324/-1/nws/Police+inquiry+over+tree] Neighbour Anthony Sahade, owner of the Crystal Car Wash chain, is later caught throwing pebbles at an arborist cutting the dead trees down. [cite web | author=Andrew Chesterton| title="Car-wash king's outburst on tape" | publisher=The Daily Telegraph | year=2007 | url=http://www.news.com.au/dailytelegraph/story/0,22049,21917013-5001021,00.html]

References