Struggling to sell? Cate Blanchett’s $12 million apartment in Sydney is STILL up for sale almost six months after she put it on the market amid COVID-19 recession
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Australian actress Cate Blanchett, 50, and her husband Andrew Upton, 53, are still searching for a buyer for their stunning $12 million (AUD) Sydney apartment, almost six months after putting it on the market.
The luxurious five bedroom apartment in the heart of the CBD is currently listed for sale on Realestate.com.au.
It is the largest apartment in Sydney CBD’s historic Astor building, and boasts sweeping views of the Sydney Opera House.
Struggling to sell: Australian actress Cate Blanchett , 50, and her husband Andrew Upton, 53, are still searching for a buyer for their stunning $12 million (AUD) Sydney apartment, almost six months after putting it on the market
According to Domain, the couple first put the put the Macquarie Street property on the market back in March.
The lengthy listing period could be an indication that the famous couple are struggling to sell during the the COVID-19 recession.
Cate and Andrew originally purchased the property five years ago for $8million, potentially providing them with a $4million profit if sold for $12million, according to the publication.
Wow! The more than 400-square metre apartment features five bedrooms and four bathrooms, with panoramic views from The Domain to The Sydney Opera House
Big spender! Cate (pictured right) and husband Andrew (pictured left) purchased the property five years ago for $8million, potentially providing them with a $4million profit if sold for $12million
This marks the third Australian property the couple have sold in the past four years, as they now reside permanently in a $6million (AUD) English manor, Highwell House, in East Sussex.
The more than 400 square-metre apartment features five bedrooms and four bathrooms, and a modern kitchen with on-trend stainless steel appliances and finishes.
The dwelling was originally built as four separate units, which were redeveloped into a two-storey apartment mansion by Australian comedian Barry Humphries, and later businessman Mark Bouris.
Drama! Barry Humphries, also known as Dame Edna, illegally combined three units in the 1923 property more than 35 years ago. Apparently, the building’s board had no idea of the changes until Barry invited them all to a party, where he greeted them as he dramatically descended the new circular staircase
Chef’s delight: The modern kitchen boasts on-trend stainless steel appliances and finishes, and offers plenty of storage and bench space for food preparation
Barry Humphries, also known as Dame Edna, illegally combined three units in the 1923 property more than 35 years ago.
Apparently, the building’s board had no idea of the changes until Barry invited them all to a party, where he greeted them as he dramatically descended the new circular staircase.
Businessman Mark Bouris bought the property in 2005, adding an additional apartment to create the expansive development it is today.
The couple, who wed in 1997, are proud parents to sons Dashiell, 17, Roman, 15, Ignatius, 11, and daughter Edith, five.
Sweeping views: The luxurious five-bedroom apartment in the heart of the CBD boasts a panoramic outlook from the Domain to the Sydney Opera house