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Share The keys to Balmain’s most expensive house have finally been handed over to the buyer who paid $11 million, revealed on title records to be the daughter of gold mining magnate Xu Hanjing. Cathy Xiao Xu, 33, is only the fourth owner of the historic waterfront house since it was built in the 1880s by Charles Yeend, the son of prominent innkeeper James Yeend, and follows 60 years of Cloughessy family ownership after they bought it for £3350 in 1960 from the liquidators for Mort’s Dock and Engineering Company. Cathy’s identity has been a closely guarded secret by Cobden & Hayson’s Danny Cobden since it sold last October after just 11 days on the market, making her the largest private landholder on the Balmain peninsula.

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