$75m home sale sets new Sydney 2026 record

It’s the grand five-bedroom home ‘Radford’ in Wolseley Cres Point Piper. On a day when Australian mortgage holders reeled at the reality of yet another rate rise, one Sydney couple sold their Eastern Suburbs family pile for around $75m – $10 million less than they’d expected when it was first listed a month ago. It’s the highest Sydney house sale for 2026. Robert Magid and his wife Ruth on Tuesday sold their Wolseley Crescent, Point Piper mansion, Radford, for seven times what they paid for it. Despite the price cut, the home broke the national price record for the year. MORE: AC/DC widow’s $50m cash splash exposed The home has sold for around $75m, a 20026 record. Michael Pallier of Sydney Sotheby’s International Realty, who marketed the property alongside Brad Pillinger of Pillinger, said after a price adjustment purchaser interest piqued. “We dropped the guide and it sold within 10 days. There was really good competition for it, about four serious parties,” Pallier said, however he declined to confirm the exact sale price. “There’s no lack of buyers out there at this price point. It’s just finding the level that buyers want to transact at. Currently, it’s about between 10 and 20...