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Caledonia’s Mike Messara eyes Palm Beach record for trophy weekender

The Australian Financial Review (AFR) •
November 13, 2026 • 05:00 AM
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The high-profile but under-pressure hedge fund manager has listed his resort-style estate in Sydney’s holiday playground with price hopes of $42 million.

Caledonia’s Mike Messara eyes Palm Beach record for trophy weekender

In the holiday playground of Sydney’s millionaires and billionaires, Palm Beach, there is arguably no address more coveted than the string of ocean-facing mansions along the southern end of Ocean Road.

There’s now a rare opening on the lush strip, with under-pressure hedge fund manager Mike Messara listing his resort-style compound Melaleuca, with price hopes of $42 million.

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