There may be a cost-of-living crisis but you wouldn’t know it at the top end of town. The rich and famous are some of the biggest spenders, with multimillion-dollar renovations and rebuilds in the works all over the eastern suburbs. Media entrepreneur Mia Freedman and her husband Jason Lavigne plan to knock down their Point Piper home bought for $12.

75 million house in 2020. Credit: In Point Piper, Mia Freedman , founder of news and lifestyle website Mamamia , and her husband Jason Lavigne have submitted $3.9 million plans to demolish their existing home, which they purchased at the height of the pandemic in 2020 for $12.

75 million. Mia Freedman’s home renovation will include two walk-in wardrobes with en suites in the master bedroom, plus a winter storage closet. Credit: In its place they will rebuild a Roth Architecture-designed home spanning three levels.

While the new home will still have five bedrooms, it will have a few notable additions, including an en suite in every bedroom. The home will also have an outdoor gym, a walk-in pantry, a butler’s kitchen, a cellar and an internal lift, in addition to the stairs. The most boujee upgrade? Perhaps the his-and-hers wardrobes in the master bedroom, where the couple will have a separate en suite each, while Freedman will have an extra room for her winter clothes storage.

Not a bad upgrade in this economy. In nearby Elizabeth Bay, Janette Waterhouse , the former wife of ex-bookie David Waterhouse , has submitted plans to .