SOME of Melbourne’s most popular hospitality venues – and a major western suburb development site – form part of an $80 million portfolio of properties set to hit the market next month.

A consortium of Melbourne-based private investors, including Sebastian Catalfamo and Gilbert Cabral, will share in the spoils of the eight properties which are being offered separately.

In Melbourne, hospitality venues include The Point on Albert Park Lake – a 940-seat venue which is expected to sell for about $3 million.

MENTALLIST star Simon Baker has paid $1.5 million for a farm at Nashua, near Byron Bay, on the New South Wales coast.

The 6.8 hectare property includes three bedrooms, two living rooms, tennis court, pool, shed and studio.

The Daily Telegraph reports a river also runs through the land. It says the Nashua settlement has an intricate of English countryside inspired laneways created by settlers.

A LUXURY Byron Bay mansion built by Australian actor Paul Hogan, has come back on the market, after its 132 hectare backyard was sliced and diced.

The owners of the property, Sydney socialisted Duncan and Sally Mount, are trying to sell the home for $8 million, after subdividing the backyard into two lots, of a respective 44 hectares, and 36 hectares. These blocks are also available for sale for about $2 million each.

The 8-bedroom, 10 bathroom home includes a 150,000 litre heated swimming pool, guest cottage and river frontage. The home, in the suburb of Possum Creek, some 15 kilometres west of central Byron Bay, was offloaded by Mr Hogan in 2006. At the time, property - known as Cedar Springs - set a new price record for the Byron area.