Billionaire's Granddaughter Secures $20M Mortgage in Vaucluse
Miki Hendler, 34, secures a mortgage with ANZ Bank for her $20 million Vaucluse home, which features a pool. This decision comes despite her grandfather's substantial wealth of approximately $32.28 billion. The mortgage highlights a trend among wealthy individuals opting for loans on luxury properties.
Why it matters
This mortgage illustrates how even affluent individuals may rely on loans, impacting perceptions of wealth and financial strategies among Australian homeowners.
Read the full story at Sydney Morning Herald→