Tonight’s Powerball $70 million dollar draw is the second highest jackpot in Australian lotto history but it’s still not enough to afford the most expensive house in Australia.
While you have to be in it to win it the odds aren’t in your favour with the chance of you winning a standard 12 game lotto entry sitting at 1 in 6.39 million.
According to the Harvard School of Public Health you would be more likely to be struck by lightening in the US (1:3million) or be killed by an asteroid or comet (1:250,000) according to Tulane University than take home the win.
But if you are the lucky duck who gets to walk away with the huge prize then here is one handsome pile you might want to put a deposit on – because you’d still be $30 million short.
While $70 million is indeed a great deal of mullah you will need a cool $100 million to afford the most expensive house on the market.
The Fairfax family mansion Elaine at Point Piper, Sydney, is anticipated to set a new record as the most expensive home ever sold in Australia expected to fetch between $80 – $100 million.
Here is a look inside the luxurious home.
The Fairfax family mansion is anticipated to fetch between $80 – $100 million which would make it Australia’s most expensive home. PHOTO: Christie’s International Real Estate.
Elaine was built during the 1860s when many aristocratic families were staking their claim to the finest land Sydney harbour had to offer. PHOTO: Christie’s International Real Estate.
Architect and historian Howard Tanner told Christie’s International Real Estate that much of the homes worth is wrapped up in its blue-blooded history. “It’s said that the Fairfax’s are one of the longest surviving newspaper dynasty’s in the world and so I think their presence here on this land is part of that story. It’s part of Australia’s story really,” said Tanner. PHOTO: Christie’s International Real Estate.
Set a mere four kilometres from the city’s CBD and the 1.7 acre property features seven bedrooms, seven bathrooms, a tennis court and ballroom. PHOTO: Christie’s International Real Estate.
“This is simply the finest-ever Australian residential property, and it will likely be the largest holding to be sold into private hands on Sydney harbour,” said Ken Jacobs, the Sydney affiliate of Christie’s International Real Estate, which has the listing. PHOTO: Christie’s International Real Estate.
There is some speculation the home could be bought by developers and turned into modern harbourside apartments. PHOTO: Christie’s International Real Estate.
The historic waterfront property is one of the last original harbourfront holdings to be offered for private sale. PHOTO: Christie’s International Real Estate.
Elaine is not as well-known as Fairwater, the neighbouring home of Lady Mary Fairfax. PHOTO: Christie’s International Real Estate.
The waterfront mansions of Fairwater and Elaine belonging to businessman John Fairfax. PHOTO: Christie’s International Real Estate.
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