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Sydney’s ultra-rich citizenry has often been accused of living in a parallel universe to the rest of us, and when it comes to their housing market that is certainly true.
A Chinese student who bought a Sydney mansion as a teenager has sold the seven-bedroom home for close to $11million because she wants to downsize.
Shuxin Zhou, 17, daughter of Chinese businessman Jianming Zhou, bought the Springfields Estate when she was just 14 years old for $12 million in June 2017.
The house was sold on Wednesday morning, ending a near 18-month campaign to sell the North Shore property by Chadwick s Lynette Malcolm and William Zhang, and Jing Peng of LJ Hooker Gordon.
The grand North Shore residence has a salt-water pool (pictured) and full-sized tennis court
Chinese teenage student Shuxin Zhou had to get Foreign Investment Review Board approval to buy the seven-bedroom English Cotswold-style manor in 2017