This has smashed the previous record of $27m 😱
Rich lister Ian Malouf and his daughter Ellie aboard their superyacht Mischief. Ian Malouf has broken Palm Beach’s property record. Picture: John Feder/The Australianhas smashed the residential price record at Sydney’s pricey summer playground, Palm Beach.
The double fronted 1948 sqm property was bought last week off market from the Uncle Toby’s breakfast cereal company founder Doug Shears. It’s a who’s who of Sydney along Iluka Rd including publican Arthur Laundy, retailer Nick Scali, Laser Clinics Australia co-founder Alistair Champion, Peter and Christa Satouris of Peters of Kensington, along with Roger Massy-Greene, the former chair of the electricity distribution company Ausgrid and his wife Belinda Hutchinson.
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