Yahoo Finance These 20-somethings just bought a $25m Vaucluse mansion
The mysterious buyers of a $25 million mansion in Sydney’s affluent suburb of Vaucluse have been revealed – and they’re not even 30.
26-year-old Junlin Lan and 29-year-old ‘Monica’ Hairu Yang were unveiled as the new homeowners, after battling it out against 11 other buyers at an auction in late September.
The house at 42 Vaucluse Road smashed its reserve by a whopping $10.6 million to become the most expensive house sold at auction in Australian history.
The young couple, who are both originally from China, snapped up the mansion for an eye-watering $24.6 million, eclipsing the previous Australian record of $23 million set in 2009.
But Lan and Yang are no strangers to trophy homes. Yang purchased The Tower penthouse on top of the Swissotel in Sydney’s CBD back in 2017 for a whopping $10 million, according to Domain.
Now, the young couple have a slice of the city and a taste of the sea, with a 180-degree harbour backdrop and uninterrupted views of Sydney’s Harbour Bridge, Opera House, city skyline and even as far as North Sydney.
The five bedroom, five bathroom mansion sits on a sprawling 1,085-square metres and boasts a tennis court, an indoor/outdoor heated lap pool, tropical gardens, and, of course, expansive balconies.
However, Sydney Sotheby’s International Realty agent, Michael Pallier, told Daily Mail that the couple had plans to demolish the existing home, and build a new one.
“It was only built in 2005 but wasn't what everyone wanted, they all wanted the land,” he said.
Other than their property portfolio, there’s little out there on the Chinese investor couple. They are both co-directors and co-owners of Hung Jia investments, which was registered in 2017, shortly before Yang purchased The Tower.
The couple have also established another business, MK4Real Pty Ltd, but it’s unclear what this entity does.
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