Grollo ready for snow business
MAKE way for serious snow bunnies waving cheque books when businessman Rino Grollo sells 24 properties worth $7 million at Mount Buller with an enticing 20 per cent discount. Real estate agent and alpine property specialist John Castran is handling the auction at Pitcher Partners, the accountants of Grollo, in William Street tomorrow and has been staggered at the avalanche of inquiries from 600 prospective buyers, many of them well-to-do Melburnians eager to land their own address in the snow. It's the perfect weekend and holiday accessory for the Land Rover, Range Rover and chic snow jumpsuits with matching fur earmuffs. The auction lots include nine blocks of land, 12 apartments and the three-bedroom "Skyline Penthouse", which is expected to fetch $900,000 and is contained within the Mount Buller Chalet Hotel. That means there's room service at the touch of the button after an exhausting day on the mountain. Then there's the four-bedroom "The Stables Chalet" for the same price. Grollo's company, the Mount Buller Lift Company, is selling surplus stock and Martin Ansell, director of property at the Grollo Group, said proceeds would be spent on "snow-making and reinvesting in the mountain". He said the market had been "pretty quiet" but reaction to the auction was "surprisingly strong". A 20 per cent discount can really do wonders for demand. Castran said he had firm instructions from Grollo, saying: "He wants them all sold." In cosy apres-ski talk, he wants them all Schnapp-ed up.
Foot in the crime door
JUST as Channel Seven's veteran reporter Norm Beaman counts down the days until his retirement, a new recruit is preparing to walk in the door. Channel Nine reporter Brendan Roberts is heading to Seven to become crime reporter to beef up the round with soon-to-be colleague Cameron Baud. Roberts is looking forward to the challenge, telling me he worked at the Herald Sun for five years and focused on crime stories, later switching gears to work in TV. He covered the murder of Jill Meagher, the story that united the nation in grief, and the murder of Carl Williams. Beaman, hailed by colleagues and other journos as a "legend" for his nous and perennial suntan, is putting down his notepad after 48 years in the media to lap up the serenity of his farm. Roberts is replacing Beaman but doubted he could fill the veteran's well-worn shoes. "I don't think anyone can fill the shoes of Norm Beaman," Roberts said. "I will have to spend a couple of weeks in a solarium."
Non-flying kangaroo
THE flying kangaroo is a regular and expected sight at Melbourne Airport but yesterday at 7am, cab drivers saw a hopping version. It had nothing to do with Qantas or anyone being hopping mad about flight delays. A real kangaroo raced past, forcing drivers to search deep within as to whether they were hallucinating. They weren't. The kangaroo sighting could be part of a "reclaim the streets" campaign by animals after a horse was parading through the bayside 'burbs with a cowboy called Mario at the reins. There is some seriously weird stuff going on out there.
When cultures collide
BEING the traffic reporter for 3AW and Magic 1278, Caroline Ferguson knows the snarls to avoid. And she has to navigate traffic jams when heading to her other job as a performer. "I did get some very strange looks on the Collins Street tram as I had to head up to the Portland Hotel to go on stage immediately after my segment on 3AW," she said. "It was a very tight turn-around time, so I was already wearing jodhpurs and a pony-club helmet!" It makes sense when you learn Ferguson is starring in the Melbourne Fringe Festival show Davina & Lay-Lah: An Arab Awakening in a Toorak Cellar at the Portland Hotel in Russell Street. In this cultural collision, Ferguson (above, left) plays hyphenated Toorak matron Davina Smythe-Jones and co-star Yvonne Malik (right) plays a Reservoir belly dancer called Lay-lah Wazir. Whatever Melway map matrons or belly dancers inhabit, they've probably heard Ferguson's radio warnings of collisions.
Frequently Asked Questions about this Article…
What Mount Buller properties is the Grollo Group selling in the auction?
Grollo’s Mount Buller Lift Company is offering 24 properties valued at about $7 million, including nine blocks of land, 12 apartments, the three‑bedroom “Skyline Penthouse” inside the Mount Buller Chalet Hotel (expected to fetch about $900,000) and a four‑bedroom “The Stables Chalet” listed at the same price.
Why is Grollo offering a 20% discount on Mount Buller properties?
According to the article, the properties are surplus stock and Grollo wants them sold — a 20% discount is being used to stimulate demand and help clear inventory quickly, which the agent says has prompted a surprisingly strong market response.
Who is running the Mount Buller property auction and where is it being held?
The auction is being handled by alpine property specialist and real estate agent John Castran and is taking place at Pitcher Partners’ offices in William Street, on firm instructions from Grollo to sell the lots.
How will proceeds from the Mount Buller sale be used by the seller?
Martin Ansell, director of property at the Grollo Group, said proceeds would be spent on snow‑making and reinvesting in the mountain, indicating the sale is intended to fund resort infrastructure and improvements.
What does buyer interest in the auction suggest about demand for alpine property?
Despite the market being described as “pretty quiet,” the auction drew about 600 prospective buyers and elicited a surprisingly strong reaction — suggesting that well‑priced alpine properties (especially with discounts) can attract significant interest from affluent buyers.
Are the Mount Buller lots serviced or do they offer resort amenities?
Yes — at least some units are within hotel facilities; for example, the Skyline Penthouse is contained within the Mount Buller Chalet Hotel, meaning buyers would have access to hotel services such as room service.
What should everyday investors note about buying surplus resort property at auction?
From this article, investors should note that surplus stock sales can come with meaningful discounts, auctions can attract many prospective buyers (affecting final prices), and sellers may be motivated to clear stock quickly — all factors that can influence value and negotiation dynamics.
Does the article indicate the Mount Buller property market is currently strong or weak?
The article states the broader market had been “pretty quiet,” but reaction to this particular auction was “surprisingly strong,” implying pockets of demand remain when properties are attractively priced or include desirable resort features.