John Hewson's Exeter estate Invergowrie finally sold

The businessman, commentator and former Federal Opposition leader, John Hewson has finally found a buyer for his Southern Highlands listing, Invergowrie.

It was first listed 10 years ago at $11 million.

His Tudor-style Exeter estate was most recently relisted through Mick Maloney, the longstanding local Richardson & Wrench agent, with reduced $6.2 million hopes.

The trophy estate was built in the 1930s for the BHP industrialist Sir Cecil Hoskins, with an extensive 2009 refurbishment to the seven bedroom house that comes with library, ballroom, studies and billiard room.

The nine hectare grounds have Paul Sorensen gardens with tennis court, bocce pit, swimming pool, croquet lawn, orchard, vegetable gardens, a Japanese garden with waterfall, aviary and three guest houses.

Designed by architect Geoffrey Loveridge, Invergowie replaced Headlands, which had been owned by the Yates seed family.

Before that the Badgery family had what remains the landmark feature of the village of Exeter.

Hewson and his wife, Jessica Wilson had revised their price hopes down over the years it was on the market.

They married in the ballroom in 2007.

The former Reserve Bank economist and former member for the blue ribbon seat of Wentworth previously owned another Tudor-style Southern Highlands property, Redlands.

Hewson bought Redlands in 1977 for $106,000 and sold in 1985 for $380,000.