Ed Craven, co-founder of online gambling platform Stake.com, has purchased two apartments in a heritage-listed building in Melbourne’s Toorak suburb for approximately $1.6 million.
The acquisition places the units directly next to Craven’s existing property, where he is currently constructing a sprawling luxury compound.
The purchase underscores the sustained appetite for high-end residential assets in Melbourne’s most prestigious postcode, even as broader market conditions fluctuate.
Craven’s move adds to the visibility of tech and crypto wealth flowing into Australian real estate, a trend that has gained momentum over the past year.
According to the Australian Financial Review, the apartments overlook Craven’s main estate, suggesting a strategic consolidation of his local holdings.
The transaction highlights how ultra-high-net-worth individuals are leveraging liquidity from digital asset booms to secure tangible, heritage-grade assets in prime locations.