Around $7 million paid in two off the plan Mt Buller skifields apartment sales

Around $7m has been paid for an off-the-plan penthouse at Mt Buller, the Victorian ski resort. The 350 sqm penthouse is set for the Timbuktu ski apartment complex which is scheduled for occupation for the 2023 ski season on the edge of the popular Bourke Street ski run. It is being done by the developer Headland Properties with the sale through John Castran. It has five bedrooms, four bathrooms and two car parking plus ski in, ski out access. There had been a $5.5 milllion prior sale elsewhere on Mt Buller six months. The triplex apartment will be constructed above the existing 10 year old two-level Timbuktu development in Mt Buller. The apartment below Catalano’s has also been sold for about $7 million. The third apartment is listed at $6.5 million to $7 million. Catalano plans to add the penthouse to his growing collection of hotels and villas collection headlined by the Raes at ­Wategos boutique hotel at Byron Bay. Catalano, in partnership with Melbourne property developer Josh Mantello, is developing a 14-room hotel known as Raes Bali, Seminyak. Catalano told The Australian he and his family had stayed at Timbuktu for the past four years.