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The Sydney suburbs where house prices have risen the least in five years
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Sydney auctions: Buyer who missed out nine times claims $3 8m artistic Newtown home
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Sydney auctions: final rush before Christmas, home sells $500k above reserve
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Melissa Heagney
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A Mosman home that had been owned by missing iProsperity businessman Harry Zhou Xiang Huang sold on Saturday for $10.52 million, recording one of the biggest auction results for the weekend.
Disgruntled creditors had forced the sale of the four-bedroom home at 28 Fairfax Road after Huang and his associate and iProsperity founder Michael Menghong Gu fled the country last year.
28 Fairfax Road, Mosman, recorded one of the biggest auction results at the weekend.Â
They left behind debts believed to be as much as $350 million after iProsperity collapsed.
The business had been part of the federal governmentâs Significant Investor Visa program in which wealthy foreigners were granted fast-tracked residency visas.