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$11mil renovation. Australia's most expensive?

Discussion in 'Renovation & Home Improvement' started by LifesGood, 8th Jan, 2016.

  1. LifesGood

    LifesGood Home Building & Development Consultant Business Member

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  2. bob shovel

    bob shovel Well-Known Member

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    Wow that's amazing! I just drove passed it today actually, otherwise I would have had no idea about it.
    I slipped an offer under the door, we'll see how it goes ;)
     
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    @LifesGood - have a drive down Wolseley Rd. Refurbs don't come cheap.
     
  4. EN710

    EN710 Well-Known Member

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    Looks amazing!!
     
  5. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Undeniably stunning.

    Thanks for sharing @LifesGood
     
  6. Truly Exotic

    Truly Exotic Well-Known Member

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    thats a goregous finish,

    I was looking at the photos thinking, no way $11m, I could do that for $500k......until I saw the elevator and the marble flooring..

    does that include the contents of the wine cellar too?

    btw. more importantly , what would the property be worth now!?!?!?
     
  7. melbournian

    melbournian Well-Known Member

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    11m is seriously overkill. if it wasn't heritage listed it could have be a new build costing less than 1m. The floors seem to have a laminate timber look feel as opposed to real timber and the marble isn't exactly the highest grade marble. The real work is the architravtes and skirting plastering finishes which i think is quite complex. But 11m you could build apartment towers.
     
  8. LifesGood

    LifesGood Home Building & Development Consultant Business Member

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    Haha. There are so many absurdities in your comment I don't even know where to start! The 11mill is easily justified and whilst it might be "overkill", the land was originally valued at 15mill so it's probably warranted.
     
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  9. melbournian

    melbournian Well-Known Member

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    didn't check or the article on amount but really 11 mil is still overkill for a refurb. each to their own the floors look like laminate.
     
  10. LifesGood

    LifesGood Home Building & Development Consultant Business Member

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    You should probably look into the topic a bit more then, but only if you're interested!
     
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  11. EN710

    EN710 Well-Known Member

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    It is a huge amount of money :confused: I doubt the reason is for profit though, otherwise yes 11m apartment. Since the family can afford it I guess they just do it.

    Moot point. It IS heritage listed, hence inflated cost.
     
  12. melbournian

    melbournian Well-Known Member

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    i have friends who build hospitals in SE Asia (like high end ones) housing 100s of patients and 300 medical staff and it doesn't cost 11m or even close to it. just reminds me of tap fixture i was looking it from italy being sold here that cost $1800 when really it cost $250 at most.
     
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  13. melbournian

    melbournian Well-Known Member

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    true - i was only glossing through the pics.o_O
     
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  14. Sonamic

    Sonamic Well-Known Member

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    Wow! You know you've made it when you have an underground car park for 10 at your holiday house that has marble floors!
     
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