MinRes Founder Lists Record-Setting Riverside Perth Home for Sale
The most expensive home ever sold in Perth is once again on the market. This stunning property, located in Mosman Park, was originally sold for $57.5 million in 2009, establishing a record that persists today. The home was previously owned by Angela Bennett, the notable iron ore heiress and daughter of Pilbara prospector Peter Wright.
Record-Setting Riverside Home Details
The property, situated on Saunders Street, features impressive amenities. Key highlights include:
- Indoor swimming pool pavilion
- Full-sized tennis court
- Cinema
- Boathouse
- Private access to a jetty
Spanning 7,567 square meters, the estate includes three buildings: a main house, a guest house, and a gatehouse. The main residence boasts five expansive bedrooms. The guesthouse adds a sixth bedroom, accommodating guests comfortably.
Chris Ellison’s Acquisition
Chris Ellison, founder of Mineral Resources, purchased the property in December 2009 for a record-setting price, surpassing the earlier $45 million record set by a waterfront property in Sydney. At the time, Mineral Resources experienced significant financial growth, with share prices rising from $2.29 in January to approximately $7 in December.
Currently, MinRes shares are valued at over $57, despite a recent downturn in the lithium market. However, owning this prestigious home comes with high expenses; the Mosman Park council rates exceed $20,000 annually.
Company Leadership and Reputation
Recent developments indicate Ellison may continue his role at MinRes beyond mid-2026, as the company implements a structured succession plan. This decision follows several controversies related to alleged tax evasion and misuse of resources. In November 2024, Ellison expressed regret over a personal tax reporting error.
Angela Bennett’s Market Moves
Meanwhile, Angela Bennett is also active in Perth’s real estate scene. In September, she listed her four-bedroom West Perth penthouse for $15 million. The listing promotes it as “one of Perth’s most prestigious properties,” attracting potential buyers interested in luxury living.
The Riverside home in Mosman Park remains a remarkable asset, showcasing high-value features that underline its significance in the Australian property market.
