Kathy Jackson's Balwyn property fails to sell

Jonathan ChancellorSep 24, 2012

The Balwyn home of the Health Services Union national secretary Kathy Jackson now has a $2.1 million asking price.

Jackson had the four-bedroom house listed with an initially reported $1.8 million-plus expectations.

It was passed in at weekend auction on a $1.85 million vendor bid through Fletchers agents Jeremy Desmier and Daiman Kane.

The tree-lined property is being marketed as a "developer's dream", given it's a 1,452-square-metre block.

The four-bedroom house comes with three bathrooms. The house sits on part of the holding, easily allowing some land to be sold or redeveloped.

It was transferred into Jackson's full ownership by her former husband, Peter Jackson, in March 2010.

It last traded at $1.15 million in 2004. Jackson was caught up in the Craig Thomson matter as the union whistleblower.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.