AC/DC’s Malcolm Young spent more than $7m for Palm Beach waterfront pad


According to, AC/DC founder and guitarist Malcolm Young and his wife Linda have splashed AUD 10 million (approximately $7.9 million) on a waterfront property in Palm Beach, a northern beachside suburb of Sydney, in the state of New South Wales, Australia.The sale is the biggest on the northern beaches this year. The five-bedroom home is on an absolute beachfront site of about 520sq m and is among many multimillion-dollar properties in the street.

“Rock Or Bust” was released on December 2. The 11-song set is AC/DC‘s first without guitarist Malcolm Young, who is suffering from dementia. He has been replaced by nephew Stevie Young.

AC/DC made it official in September that Malcolm would no longer record or perform with the group. His family disclosed a short time later that he was afflicted with dementia. The guitarist was rumored to have suffered a stroke earlier this year.