{"id":41322,"date":"2022-12-28T13:45:57","date_gmt":"2022-12-28T00:45:57","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=41322"},"modified":"2022-12-28T13:45:57","modified_gmt":"2022-12-28T00:45:57","slug":"dial-a-dump-founder-ian-malouf-breaks-property-record","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/dial-a-dump-founder-ian-malouf-breaks-property-record\/","title":{"rendered":"Dial-a-Dump founder Ian Malouf breaks property record"},"content":{"rendered":"

PHOTO: Rich lister Ian Malouf and his daughter Ellie aboard their superyacht Mischief. Ian Malouf has broken Palm Beach\u2019s property record. Picture: John Feder\/The Australian<\/strong><\/p>\n

According to realestate.com.au<\/a> the cashed-up garbo turned yacht broker Ian Malouf\u00a0<\/a>has smashed the residential price record at Sydney\u2019s pricey summer playground, Palm Beach.<\/p>\n

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Garbo Ian Malouf\u2019s $110m spree now includes $30m Double Bay digs<\/a><\/h2>\n<\/header>\n<\/div>\n

He has spent around $40m on the luxury beachfront home, Anakela overlooking Pittwater, which will be a getaway for Malouf, his wife, Larissa and their five children, Jack, Max, Ed, Lara and Ellie.<\/p>\n

The double fronted 1948 sqm property was bought last week off market from the Uncle Toby\u2019s breakfast cereal company founder Doug Shears.<\/p>\n

It bettered the existing $27m beachfront record set three doors away when the hospitality entrepreneur John Szangolies bought last year from Virginia Nelson, widow of the tobacco wholesaler tycoon, Arthur Nelson.<\/p>\n

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Garbo Ian Malouf buys ANZ Tower penthouse for $60m<\/a><\/h2>\n<\/header>\n<\/div>\n

It\u2019s a who\u2019s 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.<\/p>\n

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Ian Malouf, formerly the nations richest garbo after selling his company Dial-A-Dump to Bingo Industries for $578 million, is now a yacht broker with an impressive property portfolio. Picture: Toby Zerna<\/strong><\/em><\/p>\n<\/div>\n

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Malouf\u2019s latest purchase on Iluka Rd, Palm Beach.<\/strong><\/em><\/p>\n<\/div>\n

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The Iluka Rd house is the latest in Malouf\u2019s $200m\u00a0spending spree<\/a>, topped by his $60m purchase of the ANZ penthouse on Sydney\u2019s Castlereagh St in May last year from the property developer John Boyd and his wife, Marly.<\/p>\n

Malouf, who sold his Dial-a-Dump business to Bingo Industries in a $577m cash and shares deal in 2018, now owns three houses on Iluka Rd.<\/p>\n

His nearby single block acquisitions cost $20m and $18.6m over the past 20 months.<\/p>\n

His yacht Mischief has been sailing between Pittwater and Sydney Harbour in recent weeks.<\/p>\n

Shears, the 76 year old agrifood entrepreneur had purchased the home for a record $15m in 2007.<\/p>\n

It was bought from the late Jewel Food Stores \u00adtycoon Jim Fleming and his wife, Angela who\u2019d paid a record $3.65 million in 1995.<\/p>\n

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