A 546-hectare property at Mt Macedon, an hour north of Melbourne, sold recently for more than $10 million.

A 546-hectare property less than an hour from Melbourne has been sold for more than $10 million.Historical Bolobek, at the base of Mount Macedon, was on the market for two weeks before it was sold.Lindsay Hill, from real estate agent Bennison Mackinnon Carmaichael, was pleased with the sale of the property, which was owned by Brighton developer Greville Edgerton, and his wife Jill."I'm very happy with the interest we received," Mr Hill said.Mr Hill said there were five interested buyers, however a Victorian cattle farmer prevailed, and purchased the historic 546-hectare property for more than the asking price of $10 million.Oswald Syme, who established the garden, built Bolobek in 1909. The Law-Smith family took over in 1969, and Lady Law-Smith expanded on the gardens.Mr Hill said there has been a definite improvement in the property market in the Macedon Ranges in autumn from autumn and spring.He said the lifestyle property sector continued to be very strong.

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