NewsBite

Exclusive

Dion Hershan buys JB Hi-Fi boss' Toorak mansion for less than asking price

Michael Bleby
Michael BlebyDeputy property editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Yarra Capital Management managing director Dion Hershan has driven a hard deal with Richard Murray, buying the seven-bedroom Toorak pile of the JB Hi-Fi chief executive and his partner for less than the $14 million to $15.4 million price guide.

While low borrowing costs and the prospect of curbs on international travel are prompting a flurry of sales in Melbourne's most expensive suburb as the well-heeled seek out places of comfort, not all homes are shooting the lights out on price.

Loading...
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Residential

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/residential/dion-hershan-buys-jb-hi-fi-boss-toorak-mansion-for-less-than-asking-price-20201026-p568rh