POINT PIPER, NEW SOUTH WALES

(Redirected from Point Piper)

Redleaf Pool at dusk

Lady Martin's Beach
Wharf at Lady Martin's Beach

Seven Shillings Beach

' Point Piper ' is a small harbourside, eastern suburb of Sydney, in the state of New South Wales, Australia. Point Piper is 6 kilometres east of the Sydney central business district, in the local government area of the Municipality of Woollahra. The postcode is 2027.

Contents
Location
History
Commercial Area
Beaches and Reserves
Clubs
Population
Housing
Notable Residents
Notable Former residents
References
External links

Location


The suburb of Point Piper is located on Sydney Harbour, beside the suburbs of Rose Bay, Bellevue Hill and Double Bay. The streets in Point Piper are: Buckhurst Avenue, Longworth Avenue, New South Head Road, Redvers Street, Wolseley Road, Wolseley Crescent, Wingadal Place, Wentworth Place, Wentworth Street, Wunulla Road, Wyuna Road.

History


Point Piper was named after Captain John Piper (1773-1851), a Scottish-born military officer, who arrived in the colony in 1792 and built his mansion here on 190 acres of land granted in 1816. After a review of his position showed that he had mismanaged funds (although was not accused of being corrupt), he attempted to drown himself in the harbour. He subsequently sold his holdings at Point Piper, Rose Bay, Neutral Bay and Petersham for £5,000. His magnificent home was unfortunately destroyed in the 1850s.
In 2007, an Australian record price was achieved for a residential property when Routala, at 64 Wunulla Road, sold for in excess of $28 million.[2] Australian's second most expensive home, Altona is currently on the market with estimates of $60 million and above. An offer of $55 million has recently been rejected.[3]

Commercial Area


Point Piper does not have a commercial area and very few amenities or public facilities. The closest commercial areas are in nearby suburbs such as Rose and Double Bay.

Beaches and Reserves



★ Duff Reserve - off Wolseley Road, deep water point, popular for weddings and picnics

★ Lady Martin's Beach - off Wunulla Road

★ Seven Shillings Beach - off New South Head Road

★ Redleaf Pool - off New South Head Road, on Seven Shillings Beach

Clubs



Scots College rowing shed - off Wolseley Road

★ The exclusive Royal Motor Yacht Club - 21 Wunulla Road

★ Royal Prince Edward Yacht Club

Population


Housing

Point Piper is home to some of the most expensive and exclusive homes in Australia. There are only eleven streets in Point Piper. The main road running through Point Piper is 'Wolseley Road' Today the price per sqm of real estate in Point Piper is one of the most expensive in the world. Property writer Cindy Martin calculated in 2002 that the total value of the properties on the 1 km waterfront section of Wolseley Road was AUD$720 million.[4]
Prices for apartments usually begin at $3M, often surpassing the $10M mark, whereas houses in the suburb sell for $10M to $30M. It is almost impossible to find anything for less than $1M, even a tiny, unrenovated flat, with no views. John Symond's mega mansion on Wingadal Place, reportedly cost over $70M to build (excluding land), easily making it Australia's most expensive privately owned residential home.[5]Russell Crowe has recently inspected Altona (Australia's most expensive house) with is currently on the market. It has been listed for more than AUD$50 million.[6]


Rear view of Symond's Point Piper Mansion
Wolseley Crescent

Notable Residents

Point Piper is an affluent residential area, which is home to many prominent Australians including:

Malcolm Turnbull, The Hon - Federal politician and Member for Wentworth;

Frank Lowy - The Westfield Group founder and boss

John Symond - Founder of Aussie Home Loans

★ Julia Ross - Recruitment executive, Ross Human Directions Ltd.

★ Bruce McWilliam - Seven Network executive

★ Brian White - Chairman of Ray White realty

★ Andrew Banks - Former owner of recruitment firm Morgan and Banks

★ Neville Crichton - Successful car dealer

★ Alan Rydge - Hospitality and movie supremo[7]

Anthony Sahade - Owner of the Crystal Car Wash chain[8]

★ Denis James O'Neil - Developer and former Olympian[9]
Notable Former residents


Rene Rivkin - Stockbroker (deceased)

★ Sir Frank "the bank" Renouf - New Zealand financier (deceased)

Lachlan Murdoch - Elder son of media mogul, Rupert Murdoch[10]

References



★ ''The Book of Sydney Suburbs'', Compiled by Frances Pollen, Angus & Robertson Publishers, 1990, Published in Australia ISBN 0-207-14495-8
1.
2. "Record broken as home scoops m-plus" Jonathan Chancellor
3. "Buy your house for m? No thanks" Jonathan Chancellor
4. "Extreme Sydney, Wealthiest" Cindy Martin
5. "Boom's glittering prize" SMH
6. "Crowe eyes m home" SMH
7. "Family spreads wings in Point Piper with .7m" Jonathan Chancellor
8. "Car-wash king's outburst on tape" Andrew Chesterton
9. "Really rich man claims to be poor, Matt O'Sullivan's a poor man who admits he's poor." SMH
10. "Sale nets Murdochs a quick .2m" Jonathan Chancellor

External links



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