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Alan Kohler's former Melbourne mansion sold at a devastating loss after the ABC finance presenter exposed the real reason for Australia's housing crisis


The gorgeous former Melbourne home of the ABC's finance expert Alan Kohler has been resold at a loss of $525,000.

The gorgeous former Melbourne home of the ABC's finance expert Alan Kohler (pictured) has been resold at a loss of $525,000 - indicating that even 'prestige' pads are not immune to the housing crisis Situated 7km from the CBD in the Grace Park Estate, one of Melbourne's most sought after neighbourhoods, highlights on the two-storey home include a private library and cellar. High-rise apartments in places such as Sydney's lower north shore and Melbourne's bayside would destroy the garden suburb character of leafy postcodes.

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Photo of Alan Kohler

Alan Kohler