Hotel baron Bruce Mathieson seals a prestige property deal 11 years in the making

The cinema within the three-storey, five bedroom home.

It is the prestige property deal 11 years in the making.

Millionaire pub and poker machine owner Bruce Mathieson has finally sold his family home in Melbourne’s bayside suburb of Brighton – for a price speculated to be close to $10 million.

The Sandown Street property, on the suburb’s “golden mile” was only recently listed for sale by JP Dixon’s Todd Dixon and Jonathan Dixon.

The buyer is understood to already live in the pocket.

In 2007, we reported Mr Mathieson was first seeking to offload the triple-storey manor with five bedrooms, a library, Gold Class theatre room and five car garage.

At the launch of that campaign, with a different agency, the property was seeking $9 million – a price which was eventually discounted to $7.5 million – before the house was withdrawn from the market.

According to Forbes’ most recent Rich List survey, Mr Mathieson is Australia’s 42nd wealthiest individual, with a net worth of $910 million.

The Brighton sale comes two months after Bruce Mathieson Junior spent $11.6 million on a beachfront home on the Gold Coast’s exclusive Hedges Avenue.


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Marc Pallisco

A freelance property writer and experienced analyst, Marc is the co-founder of