Thursday, March 5, 2015

Julia is all Smiles

 It is without a doubt, one of Sydney's most elegant mansions in Wolseley Road Point Piper with the most commanding views of the harbour. Ville del Mare was the home of employment agency entrepreneur Julia Ross and had been on the market for some years as Ms Ross relocated her headquarters to London where she originally came from.
Last year the palace finally sold for a whopping $39M to 55-year-old Hong Kong property developer Hui Ka Yan who is listed as China's  15th wealthiest person.
Alas there are problems with the sale and Treasurer Joe Hockey has decided that the sale of the house breached Foreign Investment Review Board rules on foreign ownership. Hockey has given the new owner 90 days to sell or risk having it confiscated  by Commonwealth Department of Public Prosecutions.
But what news of the former tenant Julia Ross?. We can report that Julia is safely ensconced in grand premises in London's Belgravia and is loving life back in England. With (at least) that $39M.