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HOUSE OF THE DAY: Buy The Most Expensive Home In Sydney For $58.5 Million

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most expensive home in australia

There's a new most expensive home for sale in Sydney, Australia. For $58.5 million, the estate known as "Mandalay" in Point Piper can be yours.

The house is currently owned by William Webb, a former tobacco company CEO, and his wife Marijke, according to The Herald Sun. The couple bought the home in 2004 for $20 million.

The house has five bedrooms, six bathrooms, and 21,520 square feet of living space. 

Real estate agent Kevin Whelan of Coldwell Banker Double Bay told The Herald Sun he expected a wealthy Chinese buyer looking for a holiday house to snatch up the property.

Welcome to Mandalay, on the tip of Point Piper peninsula.



It's designed like a grand European mansion.



The walls are all white, but the home is hardly plain.



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