Fairfax director Patrick Allaway secures smaller Mosman home

Fairfax director Patrick Allaway secures smaller Mosman home
Fairfax director Patrick Allaway secures smaller Mosman home

The recently appointed Fairfax Media director Patrick Allaway has spent $3.95 million on a Mosman home.

The three-bedroom purchase marked a return to Mosman for Allaway and his wife Elizabeth following two years of city apartment ownership.

Their prior Mosman home was sold for $14 million in 2012 to UBS boss Matthew Grounds.

Their redundant apartment was sold late last year to the chief executive of Fairfax Media Greg Hywood for $4.1 million.

Set in The Residence overlooking Hyde Park, the media company boss bought the three-bedroom apartment directly from the Allaways, who had paid $2.8 million in 2013. Allaway has 30 years experience in the global finance industry.

This article was first published in the Saturday Daily Telegraph.

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