This article is from the Australian Property Journal archive
POINT Piper mansion, Rockleigh, has sold off-market for more than $80 million making it one of the top house sales in Sydney history and largest residential price so far in 2024.
Located at 120 Wolseley Road in the tightly held suburb of Point Piper, the pink home occupies a 1,284sqm block.
The eyewatering sale price still fell short of the owners initial $100 million aspirations, despite the sale falling into the top five largest sales on record for the city.
All sales with bigger price tags in Sydney are also located in Point Piper, including the $130 million sale of Uig Lodge to Atlassian co-founder Scott Farquhar.
Knight Frank’s latest Wealth Report revealed 43sqm of Sydney real estate would cost you US$1 million in 2023. With Sydney seeing 2.7% growth in luxury residential property prices in the group’s latest Prime International Residential Index.
The new owners were shown through the mansion more than 12 months ago, with the details of the transaction remaining largely confidential since.
Details began to be leaked to the prestige market late last week, with independent sources confirming the sale on a long settlement.
The vendor, Philippa Harvey-Sutton, inherited the home in 2016 from her mother Val Rundle, having spent $325,000 on the home in in 1978 with her husband Phillip Rundle.
Harvey-Sutton and her husband Alistair sold the home with plans of downsizing in mind.
Prior to being purchased by the Rundle’s, Rockleigh was owned by Liberal party state parliamentarian and publisher, Frederick Pratten, until his death.
While the buyer remains unidentified, local sources say the deal was negotiated by Brad Pillinger from his agency Pillinger and Michael Pallier from Sotheby’s.
