AC/DC widow splashes $19 million on new Mosman home

The widow of the late AC/DC co-founder, Malcolm Young, has splashed out a sizable sum on an apartment in a sought-after Sydney enclave.

O’Linda Young, who was married to the legendary Glasgow-born Australian rocker for 38 years until his death in 2017, has paid $19 million for a residence in a new Mosman complex, the Australian Financial Review reports.

The four-bedroom, mid-level apartment is in Redan Lane, a boutique development by former real estate agent turned property developer Tim Foote.

Redan Lane has a total of seven apartments and is located on the Balmoral Slopes with uninterrupted panoramic views of Sydney Harbour and Balmoral.

Five other apartments in the complex were also bought off the plan with the last remaining unit, a three-bedroom residence, listed for private auction with Raine & Horne’s Adrian Bridges.

The purchase adds to Young’s Sydney property portfolio.

The family’s Sydney base has long been the Onkaparinga mansion – known as “Cockroach Castle” to the locals – which they bought for $870,000 in a company name in 1982.

That landmark East Balmain estate is set on almost 2,000 square metres and has a swimming pool and tennis court.

Young also owns a beachfront getaway in Palm Beach, which the family purchased in 2017 for more than $10 million.

The property was bought from retired mining executive Geoff Plummer and his wife, Ingrid, who bought the property for $7.5 million in 2016.

The Pittwater property was expected to be a getaway for Young and the couple’s two children while the guitarist was in a full-time care facility.

Malcolm – who moved to Sydney with his parents, sister and five older brothers in 1963 – formed the band in 1973. The band was inspired to choose the high-energy name AC/DC from the back of a sewing machine owned by their sister, Margaret.

The band was inducted into the Rock and Roll Hall of Fame in 2003.

Young was replaced by his nephew Stevie for AC/DC’s last tour promoting the 2014 album Rock Or Bust, after dementia forced him into retirement.

Malcolm died in November 2017 after a three-year battle with the disease. He was 64.