As Australia’s property market skyrocketed in 2021, some celebrities snapped up luxury mansions while others made big gains by selling out.
Mega-wealthy performers like Tones and I, Kylie Minogue and Nicole Kidman were able to add to their fortunes or property portfolios as property skyrocketed.
The five-bedroom home was located on Melbourne’s Mornington Peninsula on a large block of land and was bought by a local family. St Andrews Beach on Victoria’s Mornington Peninsula achieved the highest growth in house values shooting up by 58.6 per cent while the median price in the neighbouring suburb of Fingal rose by 47.1 per cent, according to CoreLogic’sThe cost of property in St Andrews Beach reached a median of $1,473,279 over the 12 months to November 2021.
The two-bedroom home located in Melbourne’s inner east was worth only $185,000 when Kylie bought it in 1990 - resulting in a $1.53 million profit. Lleyton Hewitt and Bec Hewitt pose with their son Cruz Hewitt and Alex de Minaur ahead of the Newcombe Medal at Crown Entertainment Complex on November 26, 2018 in Melbourne, Australia. Picture: Getty
Hamish Blake moved to Sydney with his family after he and his wife Zoe Foster Blake sold their Richmond home for $7.44 million in March. CoreLogic’s report found the units were in Australia’s top 10 most expensive sales for the year with three units in Sydney’s Barangaroo tower going for more than $40 million.The top 10 Australian property sales for the year totalled $407 million and ranged from $31,250,000 to $60 million.
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