Australian screen legend Paul Hogan, famed for his role as Crocodile Dundee, has quietly dismantled a multi-million dollar property empire built over decades, as the 86-year-old prepares for a permanent return to his homeland after years living in the United States.
From Humble Beginnings to Harbour-Side Profits
Hogan's first venture into the property market began in the early 1970s in the prestigious Sydney harbourside suburb of Mosman with his then-wife, Noelene Edwards. The couple purchased their first home in 1973 for $45,000, selling it a year later for a small profit. This initial success set the pattern for a series of strategic moves, upgrading to a Seaforth home bought for $71,750, which later sold for $118,000 in 1979.
Their most lucrative early investment was a sprawling Belrose property spanning more than 8,000 square metres, acquired for just $78,000. Despite divorcing twice, Hogan and Edwards retained the Belrose acreage until its eventual sale in 1998 for an impressive $2.16 million.
A Trans-Pacific Property Portfolio
Perhaps Hogan's most iconic Australian residence was Cedar Springs, a vast 132-hectare hinterland estate near Byron Bay. He constructed the property himself ahead of his 1990 marriage to Crocodile Dundee co-star Linda Kozlowski. Cedar Springs served as his final Australian home before a three-decade relocation to the US and sold in 2006 for a hefty $8.1 million.
In the United States, Hogan invested in some of the country's most exclusive enclaves. His acquisitions included homes in Venice Beach, Malibu, and Santa Barbara. A standout property was a four-bedroom Malibu home with Pacific Ocean views, purchased in 2009 for US$6.45 million and later listed for US$6.5 million. His Venice Beach compound, bought in 2013 for US$1.585 million, was sold just two years later in 2015 for US$1.995 million.
The Empire Winds Down
Following his divorce from Kozlowski in 2014, Hogan's property ties to Australia were fully severed in 2010 with the sale of a commercial office investment in Parramatta, western Sydney. That block, bought in 1988 for $13.6 million, marked the final chapter in his once-sprawling portfolio.
Today, as Paul Hogan spends increasing time in Australia, the formidable real estate collection that once mirrored his global fame has largely been liquidated. The multi-million dollar property empire, carefully assembled over a lifetime, has now faded into history, leaving behind a legacy of savvy investments and iconic homes across two continents.
