Veteran investment banker Tim Burroughs and his wife Judith will likely remember this Tuesday as a momentous one: his appointment to the board of Westpac was announced to the ASX at the same time as the couple’s Bellevue Hill home, Monkton, was sold.
The sale price of the Burroughs’ family residence remains undisclosed by The Agency’s Ben Collier, but was listed late last year with a guide of $30 million to $32 million, and is believed to have sold well within that range. In the early 1920s it was owned by the High Court judge Sir Dudley Williams, who sold it in 1958 to British Conservative MP Lord Angus Maude of Stratford-upon-Avon.Lord Maude purchased Monkton when he was brought to Australia by the Fairfax family to be the editor ofbut only until 1963 when he returned to the motherland and the frontbench of the Tory Party, no doubt well-equipped for his role as spokesman on the colonies a few years later.