“At the bottom end, the attendance rates at open [homes] is low, people are umm-ing and ahh-ing. People are thinking about how much it is going to cost them to buy a property as opposed to before. They’re in park as opposed to fifth gear at the top end,” said buyers’ agent Emma Bloom.
Mr Tiley, who has been Tennis Australia CEO since 2013, declined to comment when contacted by The Australian Financial Review.
In January, he rejected calls to resign following the visa and COVID-19 vaccination debacle involving tennis world number one Novak Djokovic, who was deported on the eve of the Australian Open after initially being told he would be allowed to play despite being unvaccinated.
“The only thing I’d ever get worried about, I think as we’ve said all along, is whether we’ve done the right thing,” Mr Tiley told The Australian Financial Review at the time.
Insiders with knowledge of the Aspendale deal said a bidding war broke out between Mr Tiley and another party, resulting in the surprising selling price.
“It’s highly unlikely the purchase will be worth anything close to this now or anytime in the future,” one source said.
The Tileys’ Aspendale purchase (from developer and golfing entrepreneur Rob Deegan and his wife Jilanne) follows the sale of their luxurious, five-bedroom, double-storey home in Brighton – another exclusive Melbourne bayside suburb – in June.
The Jon Friedrich-designed home, which includes a heated swimming pool, was offered with a price guide of $6.4 million-$6.75 million through Kay & Burton Real Estate’s Alex Schiavo.