[SYDNEY] The Sydney harbourfront mansion of millionaire Australian property developer Ron Medich, who is accused of murder, was sold for close to the A$40 million (S$47 million) asking price, setting a 2014 Australian record.

The five-bedroom home in the eastern suburb of Point Piper went to a local buyer on Tuesday night, said Bill Malouf, principal at broker LJ Hooker Corp Double Bay, who handled the sale. He declined to confirm the identity of the buyer or the exact price.

The sale of the house, with harbour views, a private jetty and a full-floor master retreat, follows another transaction a week ago for more than A$30 million in the same suburb.