According to realestate.com.au, independent MP Mark Latham has quietly sold his Mount Hunter rural property for $2.26 million, settlement documents show, well short of the $2.4 million to $2.6 million guide it carried when first listed in May. The five-bedroom home on more than 2.3 hectares near Camden exchanged in August and settled recently, with the buyers recorded as Christopher Meyers and Wade Harper.
The Sale Detailed
Latham listed the Mount Hunter property through Inglis Property Macarthur in May, marketing it as a "private country escape" with the "perfect blend of country charm, modern luxury and family living" within reach of Camden, Picton and major transport links, according to realestate.com.au. The listing highlighted multiple living areas, several entertainment zones and a "sparkling inground swimming pool" set among "rolling hills and peaceful rural landscapes".
Related reading: REAStats suburb clearance rates and market data.
The final sale price of $2.26 million sits roughly $140,000 below the bottom of the original guide and as much as $340,000 below the top of it.
The report notes the sale coincided with Latham's separate legal and financial troubles, including a bankruptcy notice served to him at Randwick races by representatives of Sydney MP Alex Greenwich, seeking more than $170,000 in damages and interest after the Federal Court upheld a finding that a 2023 social media post by Latham defamed Greenwich. When asked by a Daily Telegraph reporter at the races if he would pay the debt, Latham responded that it was "in the hands of my lawyer". Whatever the motivation, the settlement nonetheless improves his financial position at a time of mounting legal costs.
Reading the Discount
Buyers considering a smaller deposit on a similar-sized purchase should also understand the trade-offs between paying lenders mortgage insurance and using a family guarantee, detailed in the LMI vs Family Guarantee guide. For investors or owner-occupiers weighing acreage against metropolitan property, the Australian Property Prices vs the World guide offers useful context on how Australian land values compare internationally.
Further reading
This article was produced with AI assistance and reviewed for accuracy. Content is for informational purposes only and does not constitute financial or property investment advice.
