‘Realistic’: Sydney waterfront owner guides $5m less than what he paid

Akuna, 20 Wolseley Rd, Point Piper, comes with a rare Chinese-style boathouse. The owner of one of Sydney’s most unique waterfront homes has dropped the price guide $5m below what he bought it for just three years ago. Point Piper’s Akuna, which comes with a rare Chinese-style boathouse, deepwater jetty, harbourside pool and is just around the peninsula from the residence of former Prime Minister Malcolm Turnbull, was bought by property investor Hoang Trang Do for $60m three years ago. It’s now listed for $55m via The Agency’s Steven Chen. “It’s a beautiful property and the vendor is very realistic,” Chen says. “He can’t live in two houses at once.” MORE: ‘If I won Lotto, I wouldn’t be selling’ A harbourside pool and views of the harbour to the Bridge and Opera House. Pictures offer a first look inside the home. It’s “perfectly liveable”. The Wentworth Courier broke the news last November that Do had quietly listed Akuna with a guide of $70m-75m with a different agency, having just taken the keys for the Elizabeth Bay Spanish Mission treasure Boomerang from trucking billionaire Lindsay Fox for $80m. There were reports last month that another agent was doing a ring-around of senior ...