Ahmed Fahour sells Invergowrie

Avon Court, which neighbours Invergowrie, is presently the highest priced Melbourne home for public sale.

Three years after hitting the market, Hawthorn’s landmark Invergowrie has sold for a speculated $40.5 million.

The buyer is Angela Tomisich who with her husband, Stephen, co-founded scientific and medical research supplies company, Trajan Group, which floated last month.

The vendor, Ahmed Fahour, paid Globe International founder Peter Hill $22 million in 2013.

A $4.5m renovation soon followed.

Invergowrie backs onto Avon Court which is presently Melbourne’s highest priced home for public sale – with a c$40m guide.


Invergowrie, at 21 Coppin Grove, spreads over 1.03 hectares.

Built in c1851 for Sir James Palmer, former Melbourne Lord Mayor and later Legislative Council speaker, it was originally known as Burwood.

The estate was later held by George Coppin, who reportedly tried to demolish it.

Knitwear entrepreneur Jacky Taranto paid $2.7m for it in 1992.

He sold it to Mr Hill a decade later for $10.75m.

The holding includes a tennis court, pool and four outbuildings, including a guesthouse and six car garage attached to a gym (story continues below).

Mr Fahour listed it in 2018 following a separation.

The former Australia Post chief, who now heads Latitude Financial, is understood to live at a Kinkora Road, Hawthorn, property, which cost $16.2m that year.

The businessman last November sold a penthouse at 862 Glenferrie Road, which is presently for lease asking $3250 per week.

Another former family home – 33 Sackville St, Kew – traded for $10.9m in 2019.

Mr Fahour sold that property for $7.07m six years earlier.

Record prices

The record price for a Melbourne home is Stonington, in Malvern, which art dealer Rod Menzies sold to an offshore investor three years ago for $52.5m.

In early 2020, it was reported Ausvest Holdings director David Yu was quietly seeking to offload 29-31 St Georges Rd, Toorak, for c$80m.

Also at that time, former Toll Holdings chief Paul Little and his wife, Jane Hansen, paid Christ Church Grammar School c$19m for South Yarra mansion, Goodrest – now the subject of a $6.3m renovation.

That pair hold Coonac, in Clendon Rd, Toorak, which agents say would trade for a nine figure sum if it were offered for sale.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.