The Economic Times

In 2006, Cate Blanchett bought a Prahran home for $745,000 and added solar panels and a water tank; 18 years later, the Melbourne property sold for more than $3 million

Cate Blanchett and Andrew Upton have finalized the sale of their Melbourne residence for over three million dollars, a transaction that notably surpassed the initial valuation and their original purchase price. The couple's investment in solar panels and a water tank undoubtedly played a role in enhancing the property's value. Additionally, favorable long-term trends in Melbourne's real estate market contributed positively to their financial gain.