Daniel Johns missed out on a $2.24million payday this week when he was forced to pull his multimillion dollar Merewether home from auction.
The former Silverchair frontman, 45, purchased the house for $360,000 in 1996 and planned to auction it off on Wednesday for $2.6million to land a massive profit.
With initial hopes of a $3million price guide, Presence Real Estate agent Chasse Ede revised the price point and has now rescheduled the auction for Saturday, reports realestate.com.au.
First listed for sale in February, the four-bedroom, two-bathroom home boasts multiple sprawling living spaces and a large attic space for an extra room.
Sitting in a 'prized beachside location', the property is surprisingly understated for a celebrity home with a simple backyard and spacious rooms as the selling points.
Daily Mail Australia has reached out to Daniel's realtor for comment.
The Ranclaud St home was the first property Daniel bought at the tender age of 17.
Daniel purchased the house in 1996 shortly after his 17th birthday, after signing a three album deal with his band in 1994.
Daniel Johns, 45, (pictured) missed out on a $2.24million payday this week when he was forced to pull his multimillion dollar Merewether home from auction
The former Silverchair frontman bought the house for $360,000 in 1996 and planned to auction it off on Wednesday for $2.6million, landing a massive profit
With initial hopes of a $3million price guide, Presence Real Estate agent Chasse Ede revised the price point and has now rescheduled the auction for Saturday, reported realestate.com.au on Tuesday
The four-bedroom, two-bathroom home is located in the beachside suburb of Merewether, over two hours north of Sydney.
Daniel splashed out $645,000 on another home in the suburb a few months later.
In 2000, the singer paid $1.4 million on yet another five-bedroom Merewether home where he continues to reside.
It comes after Daniel's Silverchair bandmates Ben Gillies and Chris Joannou recently revealed exactly how the iconic rock band ended.
First listed for sale in February, the four-bedroom, two-bathroom home boasts multiple sprawling living spaces and a large attic space for an extra room
Sitting in a 'prized beachside location', the property is surprisingly understated for a celebrity home with a simple backyard and spacious rooms as the selling points
Writing about Silverchair's demise in their joint memoir last year, the pair claimed Daniel put them on an 'emotional rollercoaster' by breaking up the band multiple times - only to then change his mind.
However, things finally came to an end when the trio performed at the Groovin' The Moo music festival in 2010.
Ben said he received a 'confusing call' from Daniel shortly after the performance, saying the two words: 'It's inevitable.'
While Daniel never explicitly said the band was breaking up, Ben and Chris were later informed by their manager it was over and that a press release announcing their 'indefinite hiatus' would be going out to the media.
