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How much would it cost to live in a celebrity home?

How much would it cost to live in a celebrity home?

When it comes to the lifestyles of the rich and famous, we can’t help but wonder just how they spend on their enviable homes, or how much the mortgage repayments would be on those massive price tags.

Most Aussie celebs tend to split their time between Hollywood and back home, with property across the US and here. A-listers will often keep a home base in Sydney and Melbourne for work, while being able to retreat to spacious country and beachside estates – generally in New South Wales.

From Byron Bay mega-mansions to Palm Beach bungalows, let’s take a look inside some of Australia’s most expensive celebrity homes.

Chris Hemsworth - $50 million

In the past, Chris Hemsworth and wife Elsa Pataky spent a mammoth $20-30 million building their Byron Bay mansion, colloquially dubbed a “Westfield’s” by locals for its shopping centre-esque appearance.

Chris Hemsworth Byron Bay home

The A-list pair’s Byron Bay “Westfield” mega-mansion. Source: ManofMany.com

Now, after having relocated to Sydney after several years in the coastal NSW town, it is rumoured the celebrity couple may be selling their Byron Bay mega-mansion, and looking to purchase in the Sutherland Shire.

A recent realestate.com.au article hinted that the pair may be considering forking out a massive $50 million for a palatial Burraneer build. The home boasts an epic 3,965sqm of internal space throughout six floors, and is currently owned by entrepreneur, Steve Shelley.

Chris Hemsworth Sutherland Shire

Could this be Thor’s new home? Source: RealEstate.com.au

Nicole Kidman and Keith Urban - $6.5 million

Actress, Nicole Kidman, and her country music star husband, Keith Urban, are another famous duo that have purchased outside of the capital cities.

The celebrity couple are said to own properties in Sydney, New York, Los Angeles, and Nashville. But they also own a mansion in the Southern Highlands suburb of Sutton Forrest, estimated to have been purchased for $6.5 million in 2018.

Nicole Kidman Keith Urban Home

The ‘Big Little Lies’ star and her rocker husband’s Georgian-style country retreat. Source: DailyMail.Co.UK.

The home was one of many that was under threat of damage from the severe bushfires that swept across New South Wales in 2019. In response to this, the couple generously donated $500,000 to rural services fighting the fires.

Hugh Jackman - $5.9 million

Actor Hugh Jackman and his partner Deborra-Lee Furness have been able to rack up a number of diverse and stunning properties over the years.

Despite boasting a global real-estate portfolio that includes a $21 million West Village apartment in New York, as well as a Hamptons retreat they’ve been renovating for the last four years, the ‘X-Men’ star is said to have bought this three-bedroom Bondi Beach apartment overlooking the ocean for $5.9 million.

Hugh Jackman Bondi Home

Hugh and Deb enjoy world-class ocean views from this enviable Bondi Beach pad. Source: OverSixty.com.

The dynamic duo also caused a stir for Sydney residents when it was reported that Deb was spotted viewing this Dover Heights property worth $4.5 million, which went on to sell $1.5 million over reserve.

Hugh Jackman Dover Heights Home

Could another Eastern Suburbs gem be on the cards for the couple? Source: OverSixty.com.

Jennifer Hawkins - $24.5 million

Speaking of Sydney real estate, model Jennifer Hawkins and her property developer husband, Jake Wall, were recently given approval to build their $3 million dream home in Whale Beach.

The news comes after demolishing the existing home, known as ‘Rocca Bella’, that they purchased for $6.95 million, which was previously owned by Dame Joan Sutherland. The Whale Beach property is said to boast the largest oceanfront estate in the Northern Beaches.

DJS Whale Beach Home

Plans approved to rebuild on the former Dame Joan Sutherland’s Whale Beach Home. Source: DailyMail.Co.Uk.

In June this year, the former Miss Universe and her husband sold their breathtaking Newport mansion for a whopping $24.5 million - six months after being listed. The home was purchased by billionaire and CEO of Atlassian, Mike Cannon-Brookes, and his wife Annie.

Jennifer Hawkins Newport Home

Breathtaking views from the $24.5 million Northern Beaches home. Source: DailyMail.Co.UK

Mike Cannon-Brookes - $240 million

Speaking of the tech leader, Mike Cannon-Brookes has quickly amassed a property portfolio said to be worth more than $240 million, including Jennifer Hawkins and Jake Wall’s $24.5 million Newport mansion.

Mike Cannon-Brookes and his wife Annie are also behind the purchase of a $6.8 million house on the Newport waterfront, as well as the Bangalla estate on Scotland Island for $8 million.

Scotland Island Home

Cannon-Brookes’ $8 million waterfront stunner on Scotland Island. Source: RealEstate.com.au

The Atlassian CEO is also said to own property throughout the Southern Highlands, including:

  1. The $14.5 million Kangaloon farm ‘Widgee waa’,
  2. A $3.9 million Cooliata mansion in Burradoo in the Southern Highlands,
  3. An adjoining Cooliata farm worth $7 million,
  4. A $5.35 million weekender ‘Rosehill Farm’, and
  5. The $3.3 million hobby farm ‘Joadja Creek Farm’.

Widgee Waa

Breathtaking scenes from the $14.5 million, 155 hectare ‘Widgee Waa’. Source: Domain.com.au.

How much would mortgage repayments cost for a celebrity home?

It’s reasonable to suggest that the A-listers mentioned above would have the funds to purchase these impressive properties outright.

However, everyday Australians may still be curious as to just how much mortgage repayments would be for these million-dollar listings.

While the actual figures would depend on the borrowers own financial situation and highly dependent on the lender themselves, for hypothetical sake, this may be what repayments would cost you on these homes:

CelebrityProperty valueMonthly Mortgage Repayments
Chris Hemsworth and Elsa Pataky$50 million$215,141
Nicole Kidman and Keith Urban$6.5 million$27,968
Hugh Jackman$5.9 million$25,387
Jennifer Hawkins$24.5 million (Sold to Mike Cannon-Brookes)$105,419
Mike Cannon-Brookes$14.5 million (Widgee Waa)$62,391

Note: Hypothetical figures based on a 30-year loan term with average variable owner-occupier interest rate (paying principal and interest) of 3.16% (data accurate as of 12.11.21). Assumes rates do not fluctuate and does not factor in fees. All figures are for demonstrative purposes only and are not reflective of real-life costs.

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This article was reviewed by Personal Finance Editor Mark Bristow before it was published as part of RateCity's Fact Check process.

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