Dennis Bastas buys Victoria’s most expensive home in landmark deal

12 / 05 / 2025

Melbourne healthcare billionaire Dennis Bastas and his wife Georgina have emerged as the buyers of Toorak estate Coonac in what’s set to become Victoria’s first residential sale to exceed $100 million.

According to The Australian Financial Review, the 58-year-old DBG Health CEO adds the historic 1.08-hectare property to a growing portfolio that includes homes in Toorak, South Yarra and Portsea.

Dennis Bastas buys Victoria’s most expensive home in landmark deal — Dennis Bastas. Photo: Julian Kingma.

The grand 20-room mansion was sold by Paul Little and Jane Hansen, with the final price undisclosed until settlement.

According to AFR, buyer’s advocate David Morrell referred to the rare sale as a changing of the guard among Melbourne’s elite homes.

Source: AFR.

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Dennis Bastas buys Victoria’s most expensive home in landmark deal

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