Rio Tinto boss's wife secures Avalon Beach weekender
Muriel Demarcus, the stylish wife of the Rio Tinto chief Jean-Sebastien Jacques, has bought again in Sydney.
This time it's a weekender at Avalon Beach.
The international couple reside in a $3 million apartment at Walsh Bay.
Demarcus has previously said Sydney feels like home and recently tweeted that Avalon was her “little bit of heaven”.
They’ve spent $3.25 million on a 1930s home that was described as a vintage bush cottage in its marketing by LJ Hooker agent Andrew Mappin, who secured the sale after just 30 days.
The three bedroom home features a grand sandstone fireplace (top).
It has a deepwater jetty, pontoon and working boathouse.
Jacques sold some Rio Tinto shares for £180,896 ($325,000) recently, although the advisory did not say it was to fund the beach house Down Under.
The couple arrived in Australia in 2016 after he was made CEO, but rather than take up residency in Melbourne where the mining company is headquartered, they opted for Sydney when they are not in London.
This article was first published in the Sunday Telegraph.
