Money Property Former Olympic team boss Kitty Chiller struggles to sell amid winter blues
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Former Olympic team boss Kitty Chiller struggles to sell amid winter blues

kitty chiller
Despite sleek renovations and star power, the home attracted just one bidder. Photo: Gary Peer
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The 2016 Rio Olympics team chef de mission, Kitty Chiller, has sold her East Melbourne property, but only after negotiations followed its weekend auction.

The two-bedroom townhouse attracted just one bidder, an increasing trend at auctions across the capital cities.

Listed with $1.75 million to $1.925 million guidance, Gary Peer agents Adam Paykel and Darren Krongold sold the 1975-built property after it was passed in at $1.66 million.

The sale price was not disclosed.

The Hotham Street property had been tenanted for 16 years having been in her family since 1981 when it cost $128,000, The Herald Sun reported.

Ms Chiller, a former modern pentathlete, had owned this Melbourne property for almost four decades. Photo: Gary Peer
The two-bedroom townhouse had a $1.75 million-$1.925 million price guide. Photo: Gary Peer
The home was recently renovated. Photo: Gary Peer
Ms Chiller’s former residence was marketed as ideal for city living, as it’s only a tram away from the CBD. Photo: Gary Peer
The renovations ensured the townhouse is looking modern. Photo: Gary Peer

Even with four registered bidders, there were post-auction negotiations needed to secure a $2,425,000 Drummoyne sale in Sydney.

The three bedroom 9/68a-70 St Georges Crescent penthouse had been passed in at $2.3 million. The price guide had been $2.35 million.

Lynsey Kemp, of Belle Property negotiated a post-auction sale to a buyer from Hong Kong who plans to use the property as a Sydney base.

This Drummoyne penthouse was sold as “low-maintenance executive luxury”. Photo: Belle Property
It continued the recent trend of auctions being passed in. Photo: Belle Property
The home is a short walk to Birkenhead Point on Parramatta River. Photo: Belle Property
With water views, a big terrace and open-plan layout, the new owners will be set to entertain. Photo: Belle Property

The highest preliminary clearance rate was again recorded in Adelaide, where 68 per cent of the 50 reported auctions were successful, followed by Canberra, where 65.2 per cent of the 46 reported auctions cleared.

There was an unusual auction occurrence when a Watson house sold for $761,000 under no-reserve auction conditions with the proceeds going to charity.

There were 25 registered bidders for an original 1960s Canberra red-brick home, which had a staggering 45 contracts issued during the Ray White campaign.

Local Canberra man Lionel Moore, who passed away in March, willed his home to the children’s cancer charity, Camp Quality.

The 664-square-metre property at 5 Harding Street, Watson had been owned by Mr Moore for more than five decades.

The preliminary national clearance rate sat at 58.7 per cent this week, after last week saw the final clearance rate revise down to just 52.4 per cent.

Auction volumes were lower over the week with 1842 homes taken to auction across the capital cities, down from 2002 last week as the winter hibernation sets in.

Melbourne was host to 946 auctions over the week, returning a preliminary clearance rate of 62.3 per cent. Over the same week last year, there were 1047 auctions held in Melbourne, returning a clearance rate of 70.7 per cent.

There were 635 auctions held in Sydney, returning a preliminary auction clearance rate of 55.3 per cent.

“This time last year, 68.2 per cent of the 939 auctions held were successful,” CoreLogic auction analyst Kevin Brogan noted.

The nation’s top seller was a pre-auction sale at Turramurra in Sydney’s upper North Shore.

The double-brick residence designed and built by Chateau Architects and Builders for its 1220-square-metre block at 29 Trentino Road sold for $4.3 million through Di Jones Real Estate.

Jonathan Chancellor is editor at large at Property Observer

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