Smorgon, Merlo and Garnaut: Melbourne heavyweights trade mansions
A mix of pricey properties linked to some of Melbourne’s biggest surnames have hit the city’s prestige market following Paul Little’s record Coonac sale.
Behind the flurry of signboards going up on Toorak and South Yarra’s leafy boulevards is a slew of high-profile vendors looking to capitalise on Melbourne’s unexpectedly strong start to the trophy year.
After a rather subdued conclusion to 2024, Melbourne’s prestige market rocketed into 2025 with the breathtaking sale of Paul Little and Jane Hansen’s landmark estate Coonac, which sold for a triple digit figure around $150 million, or as “little” as $115 million, depending on who you talk to.
Bonnie CampbellLuxury property reporterBonnie Campbell is the luxury property reporter at The Australian Financial Review Email Bonnie at bonnie.campbell@afr.com
