The newspapers and blogosphere has been alive with the news of the recent record price achieved for a property in Australia, with the sale of 43 Saunders Street, Mosman Park, for A$57.5 million.
I remember walking round the property a few years ago when it was first put on the market (for a rumoured $80mn) as we developed the individual property web site for the real estate agent, William Porteous. Everything about it was absolutely breathtaking - the views, the sheer physical size and presence, the tennis court, the multi layered levels and finishes throughout.
With the resource riches in this State, it might not be a surprise that at the very top end, WA more than holds its own and now claims the record for the most expensive property in the land.
What does this mean for the rest of us? Probably not much; some might decry the multi-squillion riches in the hands of the few, others might be proud that WA now holds the record; others might have minimal passing interest and a shrug of the shoulders for what has happened ... although I know that those involved in this sale put in the hours (years) and reaped the rewards, and to them, we say congratulations. Records are meant to be broken, and this is one amazing record.