Mr Haines, who died in January, purchased the Georgian-style home for $108,000 in 1968 with his late wife Helen. Previous owners included Sir Keith Murdoch.
The grand Toorak mansion owned by the late billionaire investor David Hains for 55 years, and the last home of newspaper magnate Sir Keith Murdoch, is soon to hit the prestige Melbourne market with an asking price of between $40 million and $45 million.
Albany Road and St Georges Road are considered the two most prestigious streets in Toorak, Melbourne’s most expensive suburb, home to billionaires and both old and new money.just pipping the $75 million paid for another St Georges Road residence, Blair House, by MessageMedia founder Grant Rule.Homeowners on Albany Road include trucking magnate Linsday Fox, shopping mall owner John Gandel and retailer Solomon Lew.
The house was sold in January 1953 for £35,000. Auction notices described it as an “outstanding achievement of building craftsmanship”. Apart from a lift added at the rear of the building and minor improvements, the home is largely unchanged since it was built in 1941.
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