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Bono's Sydney holiday home gets record €43m

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Bono  pictured arriving at Cafe H at   the Grand Canal dock   , for the Principal Managment Christmas Party.

Pic Frank Mc Grath

Bono pictured arriving at Cafe H at the Grand Canal dock , for the Principal Managment Christmas Party. Pic Frank Mc Grath

Bono pictured arriving at Cafe H at the Grand Canal dock , for the Principal Managment Christmas Party. Pic Frank Mc Grath

A Sydney harbourfront mansion, used by Bono as a holiday home, has been sold for a record-setting A$54m (€43m).

On the market for six years, the luxurious eight-bedroom 'Altona' in exclusive Point Piper was bought in a secret deal with a Chinese businessman who currently lives in Melbourne.

The property and its heated waterside pool and boathouse, rented by U2 rock star Bono (pictured) in 2006 for a family holiday, was last sold in 2002 for A$28m (€21m).

While Australian capital city home prices rose by only 1.3pc in March, top-end Sydney properties have attracted strong interest from Chinese buyers, and almost three in four international sales have gone to Asian buyers in recent years.

The Altona sale beat the previous Sydney property sale record of A$45m (€35m).

Irish Independent