Spanish Mission icon Boomerang ‘has $100m price tag’

Boomerang, Elizabeth Bay, reportedly has a $100m price tag. Super cashed-up homebuyers are now understood to have at least four ultra top-end Sydney properties to spend their hard-earned on, with two at $100m, another at $85m-$90m and another at $85m. The latest big one is reportedly Boomerang, the Spanish Mission waterfront treasure that last traded for $80m in 2023. The vendor, little known Vietnamese hotel executive Hoang Trang Do, who bought it from trucking magnate Lindsay Fox in 2023, has, according to The Australian, brought in Paul Rich of Rich’s Double Bay to sell it off-market. MORE: Reborn mansion “inundated” with inquiry Boomerang really made its mark in 1978 when it was the first Australian residence to break through the $1m. It was sold by trucking magnate Lindsay Fox for $80m in 2023. Mr Rich couldn’t be contacted for comment on the report, suggesting he had contacted senior property execs and buyers agents trying to sell Boomerang, which featured in Tom Cruise’s 2000 thriller Mission Impossible 2, which was shot in Sydney. The Australian said Rich has denied he’d been doing a ring-around. The other home with a $100m guide is a Rose Bay waterfront owned by property d...