Melbourne’s most powerful streets home to rich listers and celebrities — and their multimillion-dollar mansions — have been unveiled. Property developer Harry Stamoulis also famously spent an estimated $70m building his palace at 39 St Georges Road. Andrew Baines & Co director Andrew Baines said only deep-pocketed buyers would be in the running for St Georges Road real estate, where he has listed an unfinished mansion on a huge 7200sq m block worth about $80m, on behalf of developer David Yu. 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The chair of Australia Post has clarified the total cost of four luxury watches bought for senior employees was almost $20,000, Follow our live coverage for the latest news on the coronavirus pandemic. Dionnie Fahour, the ex-wife of former Australia Post boss Ahmed Fahour, has sold her Elwood home in a deal behind closed doors. 36 St Vincent Place North, Albert Park sold last year. Australia Post chairman John Stanhope said Mr Fahour had done an "outstanding job". Mr Fahour joined NAB in September 2004 as chief executive of the bank's Australian and Asia operations, including oversight of NAB's wealth management arm, MLC. Billionaire trucking magnate Lindsay Fox owns a sprawling mansion valued at more than $40m on Albany Road, which Abercromby’s director Jock Langley dubbed one of Melbourne’s “finest streets”. 16, which she sold for $2.475m in 2017. Originally published asFahour quits NAB for Rudd role. But Ms Fahour was forced to discount her asking price during the 60-day campaign to $3-$3.19m, before scoring a sale. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. While announcing the Government-owned business's half-year profits, Mr Fahour said it was the "appropriate time" to hand over management of Australia Post. "AusPost CEO paid millions; cuts and runs a week before Canberra grilling. "I always love seeing the senators and I'm sure it will be good fun, but I'm not sure what we are going to talk about now," he said. But the Senate committee said his salary was overwhelmingly in the public interest and revealed a $4.4 million pay packet and a $1.2 million bonus, taking his total package to $5.6 million. Mr Fahour also addressed the scrutiny about his salary for the first time since it was revealed last month, saying he was in charge of a complex organisation that was competing with "several hundred-billion-dollar organisations". Mr Turnbull said that salary was "too high", while Senator Fifield called on Australia Post to explain the high salaries before the Senate estimates committee. "The Australia Post board will need to demonstrate to the tribunal that their proposed remuneration package is commensurate with the responsibilities of the role," Finance Minister Mathias Cormann and Communications Minister Mitch Fifield said in a statement. We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders. Latitude Financial chief executive Ahmed Fahour has listed his Hawthorn penthouse for sale with price hopes of $5 million to $5.5 million. Ahmed and Dionnie Fahour split in 2018. As the former chief executive of NAB's Australian business, Mr Fahour has played an instrumental role in turning around the group's performance in the past four years. Source: CoreLogic. Pop princess Kylie Minogue bought her parents a home there for $2.43m in 2002. "I don't really care that much, to be honest, about my own livelihood," he said. He said star power from younger high-flyers had flung St Kilda West’s Mary Street into the spotlight. "He initiated and carried out a programme of change which has been of great benefit to all stakeholders.". LNP MP Andrew Laming tweeted that Mr Fahour was "cutting and running" a week before Australia Post faced a grilling in Canberra. Australia Post director Ahmed Fahour has resigned just weeks after his $5.6 million salary was revealed by a Senate committee, which dismissed calls for it to be concealed from the public. Mr Fahour's resignation comes after Australia Post's profit surged to $131 million after tax in the six months to December, up from $16 million profit for the same period in 2015. Acting shadow communications minister Mark Dreyfus said it was "a strange coincidence" Mr Fahour resigned on the same day the Government announced additional oversight. 26 Shakespeare Grove, Hawthorn was owned by Dustin Martin’s manager Ralph Carr. "Three years ago, I [forwent] my incentive. The wealthy Laidlaw family and Peter Gordon — Western Bulldogs Football Club president and Gordon Legal founder — are other notable residents. "The Australia Post board will need to demonstrate to the tribunal that their proposed remuneration package is commensurate with the responsibilities of the role," Finance Minister Mathias Cormann and Communications Minister Mitch Fifield said in a statement. He said his seven-year tenure at Australia Post was "a fair innings" and it was the appropriate time to stand down. The U-shaped road flows into equally renowned Coppin Grove, where ex-Australia Post chief executive Ahmed Fahour owns Invergowrie, which he bought for $22m in 2013 and attempted to sell for $40-$44m in 2018. Opt Out of personalisation. Labor's Doug Cameron has also called for salaries to be lowered, saying Mr Fahour did not deserve to be paid that much. Geelong’s glitzy Western Beach Road is home to one-time mayor Darren Lyons, Cotton On chief executive Peter Johnson, and former Geelong Football Club president and businessman Frank Costa. 44, which they listed last month for $3.7-$4m, and fashion designer Alannah Hill’s “mini Versailles” at No. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. Picture: Aaron Francis, 29-31 St Georges Road, Toorak is for sale with an $80m price tag. Mr Fahour also addressed the scrutiny about his salary for the first time since it was revealed last month, saying he was in charge of a complex organisation that was competing with "several hundred-billion-dollar organisations". Late 7-Eleven co-founder Beverley Barlow broke the Bayside residential sales record by buying 39 Seacombe Grove from former St Kilda Football Club president Rod Butterss for $22m in 2015. Former Australia Post CEO and now Latitude Financial Group boss Ahmed Fahour is selling his stake in ASX-listed stockbroker Bell Financial Group. Picture: Darrian Traynor. "Ahmed was appointed at a time when Post was still heavily dependent on revenue from the letters service, but the community's use of letters had already peaked and was in the early stages of decline," he said. He has also confirmed his ongoing directorships of the Rip Curl Group and Nasdaq Dubai and will continue as a trustee of the MCG. Barry Plant Highton director Kieron Hunter said its “irreplaceable” historic properties often sold in the vicinity of $3m. "What I would say, is the thing that was most clear in my mind was not the compensation … it was to save this company.". 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Labor's Doug Cameron has also called for salaries to be lowered, saying Mr Fahour did not deserve to be paid that much. Labor Senator Anne Urquhart said Australia Post's decision to quit a week before the Senate inquiry was "another blow for transparency". The Government-owned business had attempted to conceal Mr Fahour's salary — which is 10 times more than the $507,338 Prime Minister Malcolm Turnbull is paid — because it would result in "unwarranted media attention". Australia Post director Ahmed Fahour resigns just weeks after his $5.6 million was revealed by a Senate committee, which dismissed calls for it to be concealed from the public. 34 Western Beach Rd, Geelong is one of the many waterfront mansions. UPDATE 1:04pm NATIONAL Australia Bank executive Ahmed Fahour will leave the bank to become chief executive of the Australian Business Investment Partnership. The prime real estate is still owned by his wife, Patricia. Senator Hanson has taken aim at the Australia Post boss in a series of tweets, such as this post yesterday: “Ahmed Fahour quits. Under Mr Fahour's leadership, the Australian region delivered cash earnings growth of 15.8 per cent for fiscal 2008, and underlying profit growth of 19.3 per cent over the previous corresponding period. All times AEDT (GMT +11). READ MORE: Agents lack knowledge of energy ratings: Environment Victoria study, Coronavirus: Regional Victoria property markets hit by ban on Melbourne buyers, Dionnie Fahour: Ex-wife of Ahmed Fahour sells Elwood home, Mornington Peninsula real estate: Tyabb, Portsea, St Andrews luring buyers in waves, Point Cook, Patterson Lakes dream homes for sale, Berrambool Homestead: Werribee Mansion’s shabby chic sister property pinched from the Queen, The Block 2020: Mitch and Mark dish the dirt on the best houses, South Yarra marble mansion with Terracotta Warrior pool for sale. "He led the team that developed an entirely new strategy focused on investing in the parcels and e-commerce.". UPDATE 1:04pm NATIONAL Australia Bank executive Ahmed Fahour will leave the bank to become chief executive of the Australian Business Investment Partnership. The leafy east is epitomised by Canterbury’s Monomeath Avenue, where former opposition leader Andrew Peacock, ex-NAB managing director Frank Cicutto and businessman Anthony Podesta have all lived.
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