The buyer who forked out a whopping $50 million for a 1920s brick home in Sydney's eastern suburbs has been revealed. 9News
Droga bought the four-bedroom and two-bathroom home for just under $50 million from Dimity Griffiths who lived in the home for 64 years with her late husband, the radio personality Harry Griffiths.When Griffiths bought the home, it traded for £9750 - the equivalent of around $18,000 without adjusting for inflation.Lang Syne is a four-bedroom, two-bathroom home in Tamarama.
Property expert Robert Klaric said yesterday the record-breaking sale was the reality of the Sydney housing market. "For somebody who has $50 million they've got $100 million and that's the reality of our market now for Sydney if they want to live on the waterfront," Klaric said."There are two markets, the ultra-wealthy market then you've got the suburban market, which is seeing a little bit of a downturn in the last 12 months."
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