On well-heeled St Georges Road, where two grand mansions once stood side by side, sits a couple of Melbourne's priciest vacant blocks after bulldozers razed both properties
Nearly $60 million worth of real estate in one of Toorak's most-exclusive streets has been reduced to a patch of dirt, with mystery surrounding what's going to happen to it.
The palatial six-bedder, sitting on 5000sqm with a swimming pool and tennis court, succumbed to the dozer blade in recent months after it was damaged by fire and vandals started getting inside the vacant property.Title documents show the property belongs to a buyer by the name of Qi Yang.reported at the time that Mr Qi won Foreign Investment Review Board approval to buy the land, which came with a hefty $5 million stamp duty bill.
Bought for $18.5 million in 2013, the former landmark 1913 estate at 16 St Georges Road is now chock full of weeds and surrounded by security fencing.The former house at 16 St Georges Road, Toorak. Those two vacant blocks could soon be joined by another, if a third mansion is demolished further down the street.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victoria Police's pattern of secrecy harms its public standingThe public should be alarmed by Victoria Police's attempt to suppress the contents of a damning report into its failure to arrest James Gargasoulas. This isn’t the first time it's tried to hide potentially embarrassing documents. | ANALYSIS
Read more »
Leaked letters reveal Solomon Islands discussed $US100 billion loan from Chinese businessmanSolomon Islands Finance Minister Harry Kuma has confirmed that the leaked letters showing him in discussions about a possible $US100 billion loan are authentic.
Read more »
Chinese high school students can return to Australia under strict travel ban exemptionsThe Federal Government announces strict exemptions for Chinese high school students caught up in the travel ban so they can return to Australia.
Read more »
Tracking maps and Mahjong raids: China ups ante in fight against coronavirusChinese tech giants have begun deploying online maps to show nearby residents who are carrying the coronavirus.
Read more »
China switches coronavirus reporting methodology againChinese health officials expressed new optimism while authorities in South Korea urged residents to hunker down as fears nagged communities abroad.
Read more »
I've worked with men who killed their partners. This is what we're getting wrong about domestic violenceAs Australia is left reeling over the tragic deaths of yet another woman and her young children, we must reflect on our own attitudes towards domestic violence.
Read more »