Expert insights Buying Nearer the beach, but 70s Palm Beach downsize for Jodie Boffa and Matt McGrath
Nearer the beach, but 70s Palm Beach downsize for Jodie Boffa and Matt McGrath
Jonathan ChancellorDecember 7, 2020
The former fashion designer Jodie Boffa and her ad executive husband Matt McGrath have downsized their Palm Beach retreat to a 1970s home close to the beach.
They secured $7.2 million from the former mining executive Geoff Plummer and his wife Linda for their hillside double block.
Boffa and McGrath, chief brand officer at Network Ten, had bought the 1,770 square metre property in 1998 for $1.75 million
It became the holiday rental,The Paramount.
David Edwards, of LJ Hooker Capri, secured the sale.
The couple have spent $3.7 million closer to the beach. It had been listed with $4.3 million hopes late last year.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.