What Now? A $5m ‘sandpit’ and Hemswatch in Byron Bay
The last month in property news has been a rather quirky affair.
From the forward-thinking ‘Sand King’ and his portfolio of sand land, to an opulent suburban mansion with an OTT garage, here’s a look at what caught our eyes (and imaginations).
The What Now? is the new realestate.com.au property news report that gives you the lowdown on the most popular stories from the month.
Chris Hemsworth’s new celebrity neighbour
Just when you thought Byron Bay couldn’t get any more star power, tennis ace Pat Rafter moves on in.
With locals awaiting the Hemsworths to move into their mega-mansion, overlooking Seven Mile Beach, they’ll have to make space for another celebrity resident in the seaside haven. Surf, anyone?
The Rafters snapped up the 28ha parcel of land in Broken Head four years ago and have since built a sprawling retreat – complete with a full-size tennis court, of course.
Prices in Byron Bay have reportedly shot up more than 130% in the past five years.
The marble mansion
A striking, seven-bedroom residence in Greensborough in Melbourne’s east could set records for the suburb, if it achieves its price guide of up to $3 million.
It’s a true lap of luxury featuring lavish styling, including gold and marble decor, European craftsmanship and a wealth of entertaining areas. There’s also two kitchens for the aforementioned entertaining.
But the biggest showstopper is a huge six-car garage and ‘man cave’. Talk about a man-sion.
The ‘Sand King’
And last but not least… the Sand King.
A Victorian man spent 40 years buying up and licensing parcels of land and has amassed a 33.24ha ‘sand pit’, which could fetch $5 million.
With 69 years of experience running sand pits and gravel quarries near Shepparton, Bill Gread knows his sand – and its demand. This super site could pump out 1000 tonnes of clean white sand a day for the next few decades.
With the global demand for sand currently around 40 to 50 billion tonnes per year, we’d say it’s not a bad investment.
See you next month for more The What Now? We’re off to the beach with a shovel.