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Home loans made clear

Girasole utterly unloved at auction

By johnboy 17 May 2013 40

Property Observer has the sad tale of Crace’s rotating house Girasole not even getting to the starting line at auction:

Co-selling agent Stephen Bunday of LJ Hooker Dickson told Property Oberserver there had been no registrations despite attracting an “enormous amount of curiosity”.

“On the night, nothing happened at all, ” said Bunday, who is selling the Ross Norwood-designed house alongside fellow LJ Hooker agent Anthony Sorace.

The house at 12 Indi Close is now listed for sale by negotiation.

“We will try and sell it in the next couple of weeks. If it does not sell, the owner will move into it,” he says.

“It may be ahead of its time,” he added.


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40 Responses to
Girasole utterly unloved at auction
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switch 10:28 am 20 May 13

OpenYourMind said :

I note the Allhomes ad does state that Giralsole won’t be built out. Assuming that’s true, sitting on that little covered outdoor area and watching the scenery change as the house rotates would be pretty cool – kind of like your house is a revolving restaurant!

Be a lot cheaper to buy a few big tv screens and put them side-by-side with a slowly sideways scrolling screen saver. And then it wouldn’t matter if you got built out, either!

tim_c 10:03 am 20 May 13

grunge_hippy said :

3 words.

it’s. in. gungahlin.

It’s 3 words, not 3 sentences.

tim_c 9:56 am 20 May 13

…Continuing on the sustainable living theme, electricity for the home is provide [sic] by 24 photovoltaic cells situated on top of the four car garage

Does anyone else think that is rather ironic?

OpenYourMind 7:33 pm 19 May 13

There’s plenty on the internet about Jon Favreau drawing on Elon Musk as inspiration. Eg. http://www.mnn.com/lifestyle/arts-culture/stories/tesla-ceo-elon-musk-inspired-tony-stark-of-iron-man-fame

I note the Allhomes ad does state that Giralsole won’t be built out. Assuming that’s true, sitting on that little covered outdoor area and watching the scenery change as the house rotates would be pretty cool – kind of like your house is a revolving restaurant!

GardeningGirl 4:44 pm 19 May 13

OpenYourMind said :

For the film, the director states Elon Musk was an inspiration for Stark’s character. Hell, Musk even gets a cameo in IM2 and Musk lends his SpaceX factory for some scenes.

Oh, and looking at the round house on AllHomes it is very nice. It may be in Crace, but it looks like its in a nice spot, well unless it gets built out.

It faces some nice undulating grasslands, I think there’s some high tension power lines in the distance but otherwise a pleasant view that will not be built out.

Comic_and_Gamer_Nerd 3:42 pm 19 May 13

As far as I know, avengers movie stark is based purely on ultimate comics stark.

Diggety 11:54 am 19 May 13

Like most kick-arse novel concepts, they run at a loss.

OpenYourMind 11:15 am 19 May 13

For the film, the director states Elon Musk was an inspiration for Stark’s character. Hell, Musk even gets a cameo in IM2 and Musk lends his SpaceX factory for some scenes.

Oh, and looking at the round house on AllHomes it is very nice. It may be in Crace, but it looks like its in a nice spot, well unless it gets built out.

justin heywood 9:48 am 19 May 13

enrique said :

Unfortunately it’s in the wrong area…

In relation to comparable properties it is way over-priced.

Accoring to TFA, “Pre-auction expectations were above $1 million. Bunday says the property is worth around $1.2 million when the value of the land is factored in.”

Girasole has the following basic attributes: Crace, 4BR, 2BR, 704m2 block, 173m2 of living space.

A basic search in allhomes filtering on just Crace, 4BR and 2BR gives 13 other compariable properties with an average price of around $683,000

Filtering down even further to only show similar buildings with a minimum block size of 600m2 and minimum living space of 150m2 gives 5 other compariable properties with an average price of around $687,000.

Sure, you’d pay a premium for the fact that Girasole rotates 360degrees, but I don’t think it’s worth an extra $350,000 or so on top of other comparible properties in the area.

Had it been built out on acreage with sweeping views to the mountains or ocean, then it would be a different story. A premium buyer with enough disposable income and interest might have been willing to pay for that. They’d be happy to live up the luxury and show if off to their friends out their on their ‘country estate’ or seaside retreat’ but nobody in that position would be interested in Crace.

Similarly, somebody with sufficient means to afford a similar sized property in Crace would likely be pushing it to be able to afford Girasole.

I truly hope it sells. It is a fantastic concept and is such a great way to dramatically improve the ‘liveability’ of a home while reducing its energy footprint. There should be more of them!

An excellent post but I think you are making the assumption that people buy their homes on a purely rational basis (block size/house size/suburb etc.)

There is surely an emotional component in the calculation, which may well justify the price for some people. The home is innovative, unusual and not unattractive, and surely, to some, preferable to an ugly little box in O’Connor for similar money.

Jethro 6:29 am 19 May 13

Comic_and_Gamer_Nerd said :

dungfungus said :

damien haas said :

dungfungus said :

EvanJames said :

You can sell anything. For the right price.

Except electric cars.

There were more hybrid cars sold in 2012 than Ford Falcons.

I said electric, not hybrid.
Dazzle me with your statistics on how many electric cars were sold in 2012.

Not very well informed, huh?

It’s taken you this long to figure that out?

OpenYourMind 12:44 am 19 May 13

dungfungus said :

damien haas said :

dungfungus said :

EvanJames said :

You can sell anything. For the right price.

Except electric cars.

There were more hybrid cars sold in 2012 than Ford Falcons.

I said electric, not hybrid.
Dazzle me with your statistics on how many electric cars were sold in 2012.

This is all a bit off topic, but Tesla has just turned a tidy profit making all electric cars. Not only is the Tesla S an incredibly cool car, the guy who started Tesla is so cool that they used him as a template for Ironman’s Tony Stark!

Sandman 10:02 pm 18 May 13

grunge_hippy said :

3 words.

it’s. in. gungahlin.

And not even in the “good” part.

grunge_hippy 8:59 pm 18 May 13

3 words.

it’s. in. gungahlin.

Comic_and_Gamer_Nerd 8:40 pm 18 May 13

dungfungus said :

damien haas said :

dungfungus said :

EvanJames said :

You can sell anything. For the right price.

Except electric cars.

There were more hybrid cars sold in 2012 than Ford Falcons.

I said electric, not hybrid.
Dazzle me with your statistics on how many electric cars were sold in 2012.

Not very well informed, huh?

dungfungus 8:25 pm 18 May 13

Mysteryman said :

poetix said :

arescarti42 said :

“It may be ahead of its time, he added.”

Or horrendously overpriced.

Or in the wrong suburb.

Or a total waste of time.

Wasn’t built by “a thinker” and that’s why no one is interested.

bundah 6:44 pm 18 May 13

Well at that price it would send me into a spin.

milkman 6:33 pm 18 May 13

Anyone with $1.2M in their back pocket sure as **** won’t be buying in Crace. And the greenies who think this is a good idea couldn’t afford a house anywhere anyway.

Mysteryman 6:10 pm 18 May 13

poetix said :

arescarti42 said :

“It may be ahead of its time, he added.”

Or horrendously overpriced.

Or in the wrong suburb.

Or a total waste of time.

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