John Murray, the veteran stock picker, and wife Catherine have swapped their weekend tree change for a sea change, spending $2.5 million at Mollymook on the south coast.
The beachfront reserve property is on Narrawallee Beach with three bedrooms.
It sold recently through Raine & Horne agent Ben Pryde to the Woollahra based family having previously sold at $1.58 million in 2017.
Murray established Perennial Value in 2000 and was inducted into the Australian Funds Management Hall of Fame in 2014. It has $6.5 billion funds under management.
The purchase comes two years after the Woollahra-based couple sold Little Minnows cattle farm in the Southern Highlands to the pastoralist Chisholm family for $5 million.
Elsewhere in Mollymook, the league footballer turned insurance big wig Mark Coyne and wife Ann have spent $4.425 million.
The Sutherland Shire-based couple secured a four bedroom home on a 660sqm block on Mitchell Parade.
It was for sale for around 80 days through Pryde who marketed it as the most contemporary home, on the beachfront, to hit the market in over a decade.
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