Celebrity squares in South Yarra
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.’’