Victorian celebrities and business tycoons who have been waiting months and still can’t sell their homes

A number of prominent Melburnians are struggling to find buyers for their properties as 2024 draws to a close.

Some of Melbourne’s multimillion-dollar homes owned by celebrities and business big wigs have been sitting on the market for more than 100 days and might not sell before Christmas.

Tania Buckley’s Toorak manor has been on and off the market and has had about a $1m price cut.

The ex-wife of Collingwood great and Brownlow medallist Nathan Buckley first put the Tudor-style residence up for sale in March with $16.8m-$18m price hopes.

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But without enough interest, it was pulled from the market in winter and later relisted with a $15m-$16.5m range.

Kay & Burton’s international division head Jamie Mi told the Herald Sun earlier that any home in Toorak priced above $15m would usually be bought by cash buyers and have a very quick settlement.

62-62A Clendon Rd, Toorak - for herald sun real estate

Cranlana was bought by Sidney Myer and his wife Merlyn in 1903 and has been in the family ever since. It is still on the market.

The property offers Toorak’s largest private landholding at 1.1ha and spans across two separate titles.

One of Australia’s most prestigious properties has also yet to find a buyer, but when it does, it’s expected to dwarf Melbourne’s house price record of $80m held by a home on St Georges Rd, Toorak.

Named Cranlana, the mansion at 62 Clendon Rd is owned by the affluent family behind the Myer retail empire, who have listed their estate with a $96m-$105m price guide.

But they have yet to find someone to take over the renowned estate.

Morrell and Koren buyer’s advocate Matthew Cleverdon said the bigger a home’s price tag, the smaller the buyer pool became.

“Like all transactions in property, motivation is important both for the seller and the buyer at every price point,” Mr Cleverdon said.

Marco Kelly and Tania Buckley. Source: Supplied

Buckley’s five-bedroom house has a $15m-$16.5m asking price.

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PGA Group founder and billionaire Peter Gunn’s daughter Kathryn is still waiting for her waterfront Middle Park home to sell after having its price guide slashed.

Kathryn Gunn is a family council member of the private investment firm as well as the director of Tawarri Hot Springs, and company secretary of Matagarup Zip+Climb in Perth.

Her father and rich lister Peter has a net worth of about $1.65bn, after making his fortune with his transport services company Cubico and PGA Group.

Ms Gunn’s four-bedroom pad at 38a Langridge St went on the market in November with a $6.5m-$6.8m price tag, which has been decreased to $5.995m.

While Jellis Craig Port Phillip partner Max Mercuri declined to comment on who the seller was, he said he’d sold a handful of warehouse conversions like this one in his 10 years in real estate.

GUD Holdings Limited chief executive Graeme Whickman is selling his Brighton home.

The five-bedroom house is on sale with a $9.5m-$10.45m price guide.

And GUD Holdings Limited chief executive and former Ford Australia president Graeme Whickman has been waiting for his Brighton home to sell since it was listed in August.

The four-bedroom residence at 31 Huntingfield Rd is still on the market with a $9.5m-$10.45m price guide under his name, property records reveal.

While Nick Johnstone Real Estate Brighton partner Joe Doyle declined to comment on the seller’s identity, he said it was a brand new, modern French provincial home in the heart of Brighton.

He added that it was in one of the suburb’s most sought-after street and in walking distance to some of the best private schools, the Brighton beach boxes and Church St.

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sarah.petty@news.com.au

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