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397 New St, Brighton sold for more than $6.6m.
The Brighton home of Richmond Football Club’s chief executive has sold for more than $6.6m.
Brendon Gale played for the Tigers between 1990 to 2001 before becoming a lawyer, starting his career at King Wood Mallesons.
From 2005 to 2009, he became the AFL Players’ Association chief executive before he was appointed head huncho of Richmond.
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The five-bedroom residence at 397 New St garnered interest from local families and prospective buyers from the Mornington Peninsula while it was listed for sale.
While Buxton Brighton director Stefan Whiting wouldn’t disclose the sale price or who the vendors were, he said the home sold above its $6m-$6.6m price range on Friday after receiving five offers in its expressions of interest campaign.
“When you’ve got multiple parties, it shows the property was well considered,” Mr Whiting said.
“We had really good numbers through the campaign and (the vendors) did the right marketing and there was collaborative approach between us and them to get the result.
“This one was interesting in the sense that it was quite a big home and had a lot of accommodation.”
Brendon Gale’s home sold after receiving significant interest from homebuyers.
Public records show the footy big wig’s wife holds the home’s title.
And on top of a busy week with PropTrack records showing 1400 auctions were scheduled, Barry Plant partner Mark Lynch said interest rates didn’t seem to be dissuading buyers in the market.
“If anything, they’ve factored that into their borrowing power and they’re comfortable where it’s at,” Mr Lynch said.
The expansive outdoor entertaining area including a pool.
One of many living zones.
He added that a balanced market was when there were two bidders at an auction, but many auctions over the weekend had three to five.
“I’ll be speaking to a number of our offices during the week to say, hey, listen, if you’re doing too many private sales, maybe it’s time to switch over to more auctions right now,” he said.
“If I’m a seller in today’s market, I probably want to auction to find out what’s my home really worth.”
Mr Lynch said the market was balanced “a little bit in favour” of sellers right now.
“If the stock continues to rise, it should just balance back a little bit,” he said.
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sarah.petty@news.com.au
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