NewsBite

Two $17.5m house sales show top end strong as market softens

Michael Bleby
Michael BlebyDeputy property editor
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Landscape architect Jack Merlo has sold his grand Toorak pile to hotelier Robert Zagame in a $17.5 million sale showing the top end of the housing market remains buoyant even as auction clearance rates in the mass market soften.

A caveat over the 1034-square-metre property at 46 Heyington Place links it to Mr Zagame, who with brother Victor runs the Zagame Corporation founded by their late father Victor.

Loading...
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Residential

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/residential/two-17-5m-house-sales-show-top-end-strong-as-market-softens-20240414-p5fjns