How slow is Bonnie Doon? The Castle shack a steal at just $200,000

How slow is Bonnie Doon? The Castle shack a steal at just $200,000
Jonathan ChancellorDecember 7, 2020

Property investor Richard Moseley’s Bonnie Doon holiday fibro near Lake Eildon in Victoria – which featured in the 1997 comedy The Castle as the serene holiday home of the Kerrigan family – sold earlier this year at an undisclosed price.

It was listed last November at $240,000, but came with an adjusted $225,000 asking price in the new year.

The shack sale price has now emerged as $200,000, reflecting less than 2% annual price growth over its nine year ownership.

It has been bought by Melpomeni and Angelo Katapodis of Balwyn North.

Moseley proudly secured the property for $169,950 in 2006 but then first wanted out, unsuccessfully, in 2011.

The two-bedroom cottage – located 165 kilometres from Melbourne at 3491 Maintongoon Road – was listed then at $195,000 in 2011. 

The shack sold at $50,000 in 1995, two years before its getting its enduring celebrity status.

It's annual price growth between 1995 and 2006 was at 11%.

The cast, including Michael Caton, Stephen Curry and Eric Bana, only spent one day there.

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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