Kerrigans’ Bonnie Doon holiday shack back to its old price as investor abandons profit dream

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Property investor Richard Moseley’s Bonnie Doon holiday shack near Lake Eildon in Victoria – which featured in the comedy The Castle as the serene holiday home of the Kerrigans – has become no laughing matter with another reduced price adjustment.

Moseley proudly secured the property for $169,950 in 2006 but has wanted out since early 2011.

The two-bedroom cottage – located 115 kilometres from Melbourne – was initially listed at $195,000. After a bit of feedback, the price eased to $188,000, then $182,000 by June.

Now its asking price is back almost bizarrely at $169,950.

Moseley, a Sydney telecommunications technician, bought it sight unseen – other than of course having viewed the movie.

Dean Shipley and Andrew Houghton at RT Edgar Yarra Valley have the listing, which has been a popular rental.

Shipley says it is a unique opportunity to purchase the original holiday home of the Kerrigans from Australia's favourite movie, The Castle. The home consists of two bedrooms, open-plan kitchen, dining and living area, bathroom and laundry.

“Outside we have the famous veranda – with the mozzie zapper included – situated on a good-sized block opposite the lake and approximately 500 metres from the boat ramp.

“The property would make a great holiday home-cum-accommodation business when you are not using it yourself, and creates a high level of interest with holiday makers stopping for photos and to experience the serenity.

“With the lake full, recent good snow seasons and high tourist numbers visiting the area, it is the ideal holiday rental.

“And the right marketing – perhaps a good website and some items like stubby holders, T-shirts and caps – could provide extra income as well,” Shipley says.