Pollster Gary Morgan's East Melbourne auction falls flat
Pollster Gary Morgan doesn't need to take a poll. The Melbourne prestige market hasn't bounced back with any consistency.
Sunnyside, pollster Gary Morgan's grand Italianate East Melbourne property - listed for sale with expectations of $10 million-plus earlier the year - was passed in at weekend auction on its only $4.5 million bid.
Its listing followed the March purchase by Gary Morgan and his wife, Genevieve of Claverings, the $5,155,000 Victorian villa they are downsizing to in nearby Powlett Street.
They have owned Sunnyside at 193 George Street for three decades this month. It's a Charles Webb-designed property which dating from 1864 sits on the Victorian Heritage Register.
It has 18 rooms including five bedrooms. There is also a swimming pool, an entertainment pavilion and a self-contained apartment on the 1000 square block.
The property went to weekend auction after an earlier international tender through Jock Langley of Abercromby's in March this year. The more recent price guidance was $7.5 million plus reportedly.
Abercromby's have suggested a post-action offer of $6 million plus had been received with negotiations continuing.
Just across the street, the technology millionaires Evan Thornley and Tracey Ellery sold their heritage mansion, Amberley at 188 George Street earlier this month for an undisclosed price estimated at between $9 million and $10.9 million through Kay & Burton.
It last traded at $7.1 million in 2002 when sold by Krystyna Campbell-Pretty and her husband, Harold, chairman of market research group, Amberley Corporation after their 20 year ownership.
