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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.

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

What’s Your opinion?


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40 Responses to
Girasole utterly unloved at auction
enrique 9:07 pm 17 May 13

Deref said :

Ahead of its time or just bloody s stupid? You decide.

It’s not stupid at all. We need innovators like Andriolo to do these sorts of things more and more in order to shake up the status quo.

With exponential population growth around the world and dwindling resources we can’t keep doing things in the same old ways. We need to start trying out new ideas and building techniques so we can learn and come up with better solutions.

Good on him for having the guts to take a punt and do something that was obviously going to make people wonder ‘what on earth?!’. He’s already made his mark in history now. Whatever happens people will look back and talk about/analyse/learn from/incrementally improve/perhaps even replicate what he’s done with Girasole.

I’d say visionary but let’s not blow too much smoke up his ass 😉

dungfungus 7:35 pm 17 May 13

EvanJames said :

You can sell anything. For the right price.

Except electric cars.

LSWCHP 7:22 pm 17 May 13

It’s a nice idea, but Crace? Crace? An amazing experimental house, yes! (Voice rises in pitch) But in Crace? For more that a million bucks? (Voice rises to shrill squeak) What could they have possibly been thinking?

Deref 5:01 pm 17 May 13

Ahead of its time or just bloody s stupid? You decide.

GardeningGirl 4:41 pm 17 May 13

I agree with most of what’s said above, and add that I’d be nervous about calling a plumber, will something like that be harder/more expensive in terms of maintenance?
I like the house but I’m not sure it’s a great concept except in specific circumstances involving really special locations. Houses that utilise the benefits of the sun without needing to expend energy moving around have been working successfully for years, for the average new house block an affordable low-tech solution is going to work better I think.

chewy14 4:26 pm 17 May 13

Worth $750k, they expected $1mill.

I have no idea whatsoever why they weren’t swamped with offers.

HiddenDragon 3:26 pm 17 May 13

Crace – that’s actually an onomatopoeic word, defining the sound of a Girasole grinding to a halt.

Holden Caulfield 2:54 pm 17 May 13

EvanJames said :

And of course, there’s all the buyers who refuse to go to real estate auctions on principle. Do the hard yards and sell it properly.

What’s “properly” and why is an auction not doing the hard yards?

enrique 2:46 pm 17 May 13

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!

EvanJames 1:56 pm 17 May 13

And of course, there’s all the buyers who refuse to go to real estate auctions on principle. Do the hard yards and sell it properly.

poetix 1:52 pm 17 May 13

arescarti42 said :

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

Or horrendously overpriced.

Or in the wrong suburb.

arescarti42 1:34 pm 17 May 13

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

Or horrendously overpriced.

EvanJames 1:26 pm 17 May 13

You can sell anything. For the right price.

johnboy 1:24 pm 17 May 13

Indeed! Thanks!

dodgycamel 12:58 pm 17 May 13

I think you mean Crace JB.

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