Ed Craven

Crypto king Ed Craven has paid $80 million for a derelict house in Toorak and plans to build a new home on the block.

Music promoter Michael Coppel sold his Hopetoun Road home for $30 million. The home last traded for $5 million in 1991. Technology entrepreneurs have been active in Toorak’s top-end market. Also on St Georges Road, an oversized block sold for $38 million in 2017 to mystery buyer Qi Yang, and a Grange Road home was sold by Guy King, co-founder of discount coupon website RetailMeNot.com, for $31.25 million last year. The grand home was listed with a price guide of $65 million to $70 million and has been marked as under offer on its online listing. The sale of the homes on St Georges Road, one of Melbourne’s most sought-after boulevards, represents the third- and fourth-highest prices paid for a house in Australia, behind the $100 million sale of Sydney trophy home Fairwater to billionaire Mike Cannon-Brookes and John Li’s $95 million purchase of Edgewater.

A 26-year-old cryptocurrency casino founder who paid almost $40 million for a Toorak mansion in March has doubled down on the upmarket Melbourne suburb and ...

Mr Yu paid $5 million for the site in October 1991, records show. Michael Blebycovers commercial and residential property, with a focus on housing and finance, construction, design & architecture. The timing was right for the vendor.” Mr Craven declined to comment. Atlassian co-chief executive Scott Farquhar and wife, investment banker Kim Jackson, have paid $10.85 million for a five-bedroom beach house at Avoca Beach on the NSW Central Coast – at a considerable discount to the $13 million guide price it had in February. A 26-year-old cryptocurrency casino founder who paid almost $40 million for a Toorak mansion in March has doubled down on the upmarket Melbourne suburb and spent $80,000,088 to acquire a derelict mansion at 29-31 St Georges Road.

A 27-year-old man has just become the envy of every Australian after snapping up the second most expensive house in the nation's history.

A 27-year-old man has just become the envy of every Australian after snapping up the second most expensive house in the nation’s history. In 2020, the house hit the market with a $80 million price tag, and now, two years later and 31 years since its last purchase, the mansion has changed owners. A 27-year-old man has just become the envy of every Australian after snapping up the second most expensive house in the nation’s history. In 1991, David Yu, the director of a property development group called Ausvest Holdings, bought the incomplete Toorak home for $5 million. Mr Craven’s recent purchase sets a new Victorian record, way ahead of the famous Stonington Mansion in Malvern which sold for $52.5 million in 2018 and was up until now the most expensive house transaction in the state. In fact, the staggering price for his Toorak home was only beaten by a $100 million Sydney mansion that Atlassian co-founder Mike Cannon-Brookes bought in 2019.