Shed – $5 million for 100 sqm!

Posted on : June 30, 2011

This shed in 2008 was the most expensive property in Australia – wonder if it still is?

The 100 square meter old tram shed at Cremorne Point was bought in 2001 for $780,000 and converted to a house by the owner several years later – see the news article.

It had stood vacant from 1991 until this sale transformed it to Australia’s most valuable property which is now rented. It overlooks Syndey Harbour with views of the Syndey Harbour Bridge.

$50,000 per Square Meter

Mr Gilmour, the head of Huntingdale Properties, is currently looking to rent his unique home.
He said living there had been wonderful but his family had now outgrown the house.

Even Mum, Dad and one child would be squashed in 100 sqaure meters.

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