A WATERFRONT mansion in Perth's Mosman Park has smashed the record price for a home sale in Australia.

The Saunders Street home offloaded by iron ore heiress Angela Bennett, includes three buildings, a cinema, tennis court and a private jetty. The 7,567 square metre property can be subdivided.

The price breaks the $45 million record set for a home in Sydney, and the $23 million previous Perth record price, set in 2007, for a mansion in Claremont.

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