Owners of Southern Highlands vineyard go back to the drawing broad with new $12 million price

Sweetwater estate – billed the “most significant vineyard in Australia” – was withdrawn from its Tuesday auction despite its original $30 million asking price being halved to $15 million. Alan Jurd, of Jurd’s, said it was withdrawn on Tuesday morning and is now being offered with a $12 million asking price. The property has garnered strong interest from Asian buyers, some of whom had requested an 18-month settlement given problems moving their money out of China, according to Jurd.