Karl Stefanovic is 'paying $35,000 a month' to ex-wife Cassandra Thorburn, according to a report.

The Herald Sun made the claim in an article published Sunday, reporting that the 43-year-old is paying his former wife $420,000 a year, equating to payments of $35,000 a month.

Cassandra, 46, has also retained the family mansion, an $8 million waterfront property in Cremorne.

Big sums: Karl Stefanovic is 'paying $35,000 a month' to ex wife Cassandra Thorburn, according to a report

Karl and Cassandra ended their marriage of 21 years in October 2016.

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The couple have three children of whom they share custody - a son Jackson, 18, daughter Ava, 13 and son River, 11.

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Daily Mail Australia has reached out to Karl Stefanovic and Cassandra Thorburn for comment.

Following her split from Karl, Cassandra told Woman's Day: 'I was completely gazumped when I realised Karl had gone.'

Dollars: The Herald Sun made the claim in an article published Sunday, reporting that the 43-year-old is paying his former wife $420,000 a year, equating to payments of $35,000 a month

Moving on: Karl began dating Jasmine, 34, after the breakdown of his 21-year marriage to former journalist and TV producer Cassandra Thorburn (right) in 2016

Following her split from Karl, Cassandra told Woman's Day : 'I was completely gazumped when I realised Karl had gone'

Family home: Cassandra, 46, has also retained the family mansion, an $8 million waterfront property in Cremorne

'The children still have a father but I don't have a husband. He really is dead to me and no, we won't ever be friends again.'

Karl has moved on with new fiancée Jasmine Yarbrough and the betrothed pair are set to wed in December, according to report.

The Herald Sun claims that the high profile pair's wedding could be set for the exotic seaside location of Cabo San Lucas, Mexico.

The resort town is host to James Packer's new waterfront home, and it's reported the TV host and his shoe designer love may hold their nuptials at the billionaire's pad.

Ready to wed! Karl has moved on with new fiancée Jasmine Yarbrough and the betrothed pair are set to wed in December, according to report

Luxe: The Herald Sun claims that the high profile pair's wedding could be set for the exotic seaside location of Cabo San Lucas, Mexico

Fancy: The resort town is host to James Packer's new waterfront home, and it's reported the TV host and his shoe designer love may hold their nuptials at the billionaire's pad

Wedding bells for the loved-up twosome will ring in December, according to reports.

It comes after the outspoken media personality defended his relationship with the shoe designer.

Happy together: It comes after the outspoken media personality defended his relationship with the shoe designer

'I'm in love and I'm sorry if that causes anyone hurt. But I won't be apologising to my nearest and dearest because I don't need to,' Karl told The Kyle and Jackie O Show last week.

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He claimed the whole situation - especially the public's fascination with his private life - has been 'very difficult on everyone.'