Celebrity squares in South Yarra

Herald Sun - Property - - Front Page -

THE stock mar­ket is fight­ing its way back up, but ul­tra topend homes are lan­guish­ing.

Two high-pro­file homes in South Yarra have failed to sell, in­di­cat­ing that well­heeled buy­ers may be keep­ing their hands in their pock­ets.

The pala­tial eightbed­room, seven-bath­room home of celebrity cou­ple Ann Pea­cock and Michael Kroger has lin­gered on the mar­ket for more than six weeks, pos­si­bly be­cause of its ask­ing price of $10.5 mil­lion.

The 1840s gothic re­vival man­sion went on the mar­ket af­ter the cou­ple’s 10-year

The Pea­cock and Kroger house mar­riage ended ac­ri­mo­niously. R.T. Edgar di­rec­tor Greg Her­man says he is hope­ful of a sale soon. He has had an of­fer from one prospec­tive buyer and is ne­go­ti­at­ing with an­other.

Glenn Wheat­ley’s for­mer

The Wheat­ley man­sion jail cell— his mon­ster man­sion— is still up for sale, with an ask­ing price be­lieved to be about $10 mil­lion.

The con­victed tax cheat, who was al­lowed to spend part of his sen­tence un­der house ar­rest, put the prop­erty on the mar­ket in April be­cause he spends most of his time in Syd­ney work­ing on his mo­bile ra­dio busi­ness.

The five-bed­room house has a pool and spa in an ex­pan­sive rear court­yard. It has five liv­ing rooms and a four-car base­ment garage on a 900sq m block.

Kay and Bur­ton es­tate agent An­drew Baines did not want to talk about why the prop­erty had not sold this week, but he’d pre­vi­ously said: ‘‘We’ve had heaps of in­ter­est but once we tell them the price range they drop off fairly quickly.’’

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