iiNet co-founder Michael Malone sells Southern Highlands weekender Aberdeen

iiNet co-founder Michael Malone sells Southern Highlands weekender Aberdeen
iiNet co-founder Michael Malone sells Southern Highlands weekender Aberdeen

Aberdeen, the Fitzroy Falls weekender of Michael Malone, the co-founder of internet service provider giant iiNet, has been sold at $4,525,000.

Malone, who is a director at NBN, paid $4.65 million for the 43 hectare estate in 2014, shortly after retired from the company he set up in 1993.

Malone bought Aberdeen from the Rex Airlines founder Michael Jones and wife Michelle.

The first public price guide after its late 2018 listing by Malone was $5.5 million.

Its most recent guidance was $4.5 million through Belle agents Di Dixon and Victoria Lowe.

The home retains the record price for the Southern Highlands locality where there’s been just another two prestige in the past six year, both at $3 million.

The five bedroom country manor bordering Morton National Park has a home theatre and a billiard room.

It is set amid Paul Bangay gardens which feature a floodlit tennis court.

This article first appeared in The Sunday Telegraph.

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