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No miracles for Mary MacKillop's former Moss Vale property: Most Discounted Trophy Home of the Week
By
Jonathan Chancellor
Kalaurgan, the renovated, heritage-listed, gothic revival-style Moss Vale property, remains for sale but with reduced price expectations. Shena Jackson, the former sports industry executive, will now take $995,000 for the Southern Highlands property. Some $1.4 million was sought in 2009, then $1,275,000 in 2010 and $1.15 million in February 2011. It’s the residence that Mary MacKillop occupied in the 1880s, according to the marketing campaign, which hasn’t worked miracles. The 3,768-square-metre Browley Street property, which last traded at $860,000 in 2008, has been listed through Victoria Morish and Susannah Anderson at Di Jones in conjunction with John Renouf at Highlands Property. |
By compelling banks to rely on short-term retail deposits rather than wholesale funding, regulators are shifting risk onto taxpayers.
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