A $5 million luxury home overlooking the ocean at McCrae on Victoria’s Mornington Peninsula has been pulled from the market after it was damaged in a landslide that sent a nearby house tumbling down the cliffside.
Six homes have been evacuated near the three-storey property on Penny Lane, which was destroyed when it collapsed onto residential properties below it on Point Nepean Road on Tuesday morning.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
