Non-bank MD sells stunning home for $18m more than he paid for it
Invergowie, Melbourne’s second most expensive home has just sold for more than $40 million to Angela Tomisich, co-founder of Trajan Group.
The substantial Hawthorn property in inner Melbourne boasts a huge array of features, including a tennis court, a guest house, a cottage and a six-car garage. On 2.5 acres, the property also includes a chapel that has been converted into a billiards room.
Originally built in 1846 for businessman and politician Sir James Palmer, the modernised mansion has 15 major rooms, including five bedrooms and six living rooms, as well as the billiards-room chapel, which features six metre high ceilings.
Ahmed Fahour has quietly sold one of Melbourne’s most magnificent mansions for a mega sum placing it among the city’s biggest ever sales.https://t.co/YhAPSJ3de7
— Herald Sun Real Estate (@HSunRealestate) July 8, 2021
Yourmortgage.com.au stamp duty calculators show that the property would have attracted an eye-watering $2m+ in taxes for the Victorian government.
The seller, Ahmed Fahour, joined NAB as CEO in 2004, leaving the big four bank five years later to take over the reins at Australia Post, where he was paid a salary of up to $5.6 million. He is currently the managing director and CEO of Latitude Financial Services, an ASX listed lending business.
He paid $22 million for the property in 2013 in an off-market deal, before listing it in 2018 with a price guide of $40-44 million. A few months later, Fahour withdrew the property from the market.
Melbourne’s top 3 sales in recent years:
Stonington Mansion, Malvern $52.5m 2018
Invergowie, Hawthorn $40m + 2021
Morningstar, Mount Eliza $40m 2020
