If there’s one property that typifies the term “trophy home” in Australia, it’s Point Piper’s palatial Wingadal mansion at 2 Wingadal Place (otherwise known as “Aussie Stadium”).
And as its current owner Aussie Home Loans founder John Symond decides to move out, Wingadal is also cruising towards becoming synonymous with another lofty term: “the country’s most expensive.”
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Considering the sheer scale, no-expensive-spared eight-year construction, and of course, its enviable West-facing position on the peninsula of Australia’s premier suburb, an eye-watering price tag of over $200 million has been set — shattering all previous records, including the current $140 million benchmark set by One Sydney Harbour, against the backdrop of an already ridiculously inflated landscape.
“Wingadal has been a special home for my family over the past two decades,” said Mr Symond, who reportedly rejected a $110 million offer back in 2017. “And now I’m looking forward to spending more time travelling overseas.”
Listing agent Brad Pillinger added: “We expect Wingadal will be the first sale to surpass the $200 million barrier in this country.”
The Sydney Morning Herald has pointed out that stamp duty on a $200 million sale would be $13.9 million, but $16 million if the buyer happens to be a foreigner.
So what does this hefty nine-figure sum get you?
Designed by renowned architect Alec Tzannes, who noted this commission was a “highlight” of his career, Wingadal sits upon a 2,676-square-metre parcel of prime waterfront real estate (98 metres of waterfrontage, to be precise). This crown jewel of Point Piper is distributed across four levels, and presents entertaining areas that can reportedly accommodate 500 people.
With four bedrooms in the main residence plus another two-bedroom apartment, other notable features include a pool, 2,500-bottle wine cellar, home theatre with seats for 22 people, two commercial kitchens, and undercover parking for 20 cars (current occupancy: eight).
Prior to the formal establishment of John Symond’s Wingadal mansion at 2 Wingadal Place, this slice of paradise was the host of another landmark — a doughnut-shaped abode conceived by architect Guilford Bell circa 1956 for the Hordern family.
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This pad would see a procession of “high-profile corporate identities” following the Hordern clan, ranging from New Zealand pulp magnate John Spencer and his compatriot Christopher Huljich to Sydney property investor and rich-lister Robert Whyte.
As for its future ownership, based on what it’s projected to sell for, you can probably determine a realistic pool of domestic bidders from this list alone. Our best guess? The surname will either be Cannon-Brookes, Triguboff, Forrest, Lowey, or Rinehart.
Wingadal mansion at 2 Wingadal Place is currently being handled by Ken Jacobs of Forbes Global Properties in association with the aforementioned Brad Pillinger.
