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

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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.

 


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