Market for Top End Stock will be tested over the next month or so.

BY Adam Woledge 31st July 2010

Hawthorn 2 Violet Grove: The Master has returned. Now I shouldn't say that it will only encourage him. James Tostevin returns to get 1 of 2 bidders over the line post auction at just over $1,200,000

Hawthorn 2 Violet Grove: The Master has returned. Now I shouldn't say that, as it will only encourage him. James Tostevin gets 1 of 2 bidders over the line post auction at just over $1,200,000

Key Points

Boroondara still the “healthiest” million dollar market to sell in – although impressive challenge from Stonnington today.
A few upper end quality homes are drifting onto the market – but supply is tight.
Current sales volume is way less than the peak one to two months ago

Agent Comments - This week we asked if the election was affecting the market

Chris Barrett, Marshall White: “Good time to sell – most people will be home in Melbourne after all. Talk of interest rate changes affect the market psyche more – and as they are unchanged for now (and no news to go up in the near future) this is a good thing.”

Nick Ptak, Marshall White: “Opportunity to get in before spring rush. Still plenty of auctions on election day. Buyers left over from May/June who sold; Market steady over spring; Good homes in Grace Park and Sackville are few and far between.”

Geordie Dixon, Marshall White: “Not at this stage, buyer wise; The election was (a concern) for one conservative vendor. They opted for a different date.”

Clearance Rates and Monitor Table

Suburb	Address	Bought	Passed In
BALWYN	2A Pryton Court	$1,150,000
BALWYN	80 Cityview Road		Not Reported
BALWYN NORTH	17 Trentwood Avenue	$1,008,000
BALWYN NORTH	14 Kelvinside Street		Passed In
CAMBERWELL	53 Seymour Grove	Undisclosed
CAMBERWELL	32 Lockhart Street	Undisclosed
CAMBERWELL	10 Butler Street	Before
CANTERBURY	39 Bryson Street		Passed In
GLEN IRIS	24 Mills Street	Before
HAWTHORN	2 Violet Grove	Undisclosed
HAWTHORN EAST	199 Rathmines Road		Passed In
KEW	18 Victor Avenue		Passed In
KEW	24 Coleridge Street	$1,380,500
KEW EAST	27 Boorool Road	$1,582,000
KEW EAST	12 Violet Grove
MONT ALBERT NORTH	18 Lincoln Avenue	$1,020,000
MONT ALBERT NORTH	68 Rostrevor Parade		Passed In
MONT ALBERT NORTH	9 Sutton Parade	$1,030,000

Buying Activity

Land Values

18 Lincoln Avenue, Mont Albert North – Jeremy Tyrrell of Fletchers. 926 sq metres sold for $1,020,000 or $1100 per sq metre. Nearness to freeway discount?

199 Rathmines Road, Hawthorn East – Stephen Gough of Marshall White. Passed In. Main Road discount?

We Only Buy Homes

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JAMES HOME RATINGS

BALWYN: 80 Cityview Rd