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Melbourne actual property: Ex David Jones boss buys $36m Toorak mansion


The ex-boss of David Jones has simply bought a brand new piece of property for a cool $36 million.

Former DJ CEO Mark McInnes and his spouse Lisa Kelly are actually the proud owners of a mansion known as Dunraven within the plush Melbourne suburb of Toorak, as of December, in response to The Australian Monetary Evaluate.

They purchased the eight-bedroom, 2639 sq. metre house off market on the finish of final yr, the publication reported.

The vendor was Cornelia Paule, the spouse of Terry Paule, famend for being the chairman of Findex, a serious Australian accounting agency.

Mr McInnes is greatest recognized for turning across the fortunes of David Jones in 2010, remodeling it from an flailing retail large to being price greater than $1 billion in three years.

He was principally not too long ago the CEO of Premier Investments and has secured a plum new gig at rag-to-billionaire retailer Brett Blundy’s personal funding agency BBRC.

Mr McInnes and Ms Kelly are already aware of Toorak, having beforehand lived there at one other, albeit smaller property.

The cashed up couple are upgrading from a (comparatively) cheaper house within the space, generally known as Stonnington Home.

They bought that mansion in 2017 for $12.3 million.

The 5 bed room mansion, which additionally has a pool, a tennis court docket and greater than six parking spots within the storage, is now up on the market with an asking worth of $19.5 million.

The road Mr McInnes and Ms Kelly now occupy in Toorak of their identify house hosts various massive names in Australia’s enterprise scene.

A mansion resides on the road known as Cranlana property, which the Myer household held for greater than a century with an estimated worth of $100 million.

There’s additionally Aussie businessman and richlister Paul Little who can be their new avenue neighbour, dwelling at Coonac property.

Melbourne’s internal metropolis suburb of Toorak is likely one of the richest within the nation.

Knowledge from property evaluation agency PropTrack reveals the median home worth in Toorak is $5.19 million.

It holds the report for the second most costly property sale in Australia’s historical past.

A run-down 10-bedroom mansion was snapped up by crypto kingpin Edward Craven in 2022 for $80 million, setting a brand new state report, and coming second within the nation. Locals have dubbed it a “ghost mansion”.

Mr Craven owns one other property in Toorak which had a $38 million price ticket.

Chemist Warehouse boss Sam Gance purchased a home in Toorak in 2021 for $43 million.

Earlier than that, tech entrepreneur Kogan.com founder Ruslan Kogan held the earlier report of $38.8 million.

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