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Melbourne heavyweights sell Toorak home for $25m after hefty discount

The Australian Financial Review (AFR) •
November 11, 2026 • 02:05 AM
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To meet the market, developer David Deague and wife Kristene cut $8 million from initial hopes for their long-held family home in Melbourne’s priciest suburb

Melbourne heavyweights sell Toorak home for $25m after hefty discount

Prominent Melbourne developer David Deague and his wife Kristene have sold their Toorak compound for just shy of $25 million, in one of the blue-chip Melbourne suburb’s highest sales so far in a subdued year for top-end real estate.

The $24.8 million sale of the Deague family home to an unidentified young Melbourne family was Toorak’s second-highest transaction of the year, behind another $41.2 million sale on the same street, St Georges Road, according to Cotality.

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