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Small numbers of $M+ auctions today – although plenty of Top End non auction stock available

17 Acland Street, SOUTH YARRA

, 17 Acland St: The maestro, Gerald Delany (Kay & Burton) in action. Passed in, $3,250,000, no bidders.

Key Points:

  • Toorak 17 Lansell with Lisa Jarrett of Abercrombys sold mid week after being on the market since late last year
  • Toorak 16 Cole St with Nicole Gleeson of Kay and Burton sold mid week after being on the market since late last year

Agent Q & A: Has the market changed since before Labour Day weekend?
Lachlan Fraser-Smith, BenMac, :
” The main change in the market since Labour Day is that the quality of buyers at open for inspections is very good, however the numbers of people through opens has slowed after a busier than anticipated start to the year. The reasons for this are: as the year settles down after a typical February spike in prices, people have found out at open for inspections and attending the early auctions what they wanted to know about prices and have assessed the market and either go to auction themselves or sit still and stay where they are. Numbers of properties on the market has increased as well but there are still some very active buyers out and about so they quality of buyers is certainly still there. We have been seeing some very strong results between $1 million and $2 million in Armadale and between $3 and $5 million in and East.  We will see a reduction in properties coming onto the market going into the traditional Easter, Anzac day and school holiday period. This will, I believe, underpin the market for the homes that come on post Easter in May.”
Iain Carmichael, BenMac, Armadale:“The Stonnington market in recent weeks has performed well given slightly diminished bidding activity at many auctions. Pleasing elements from a vendor’s point of view is that sales are being made and that in Stonnington continue to exceed the Melbourne-wide figures by up to 10% each week end. The trend for buyers to hold off bidding is puzzling as the great majority of properties auctioned are still sold for solid prices at or immediately after auction.  Stock levels are reasonably full and the market will test both vendor expectations and buyer depth in the weeks leading up to Easter. It will be interesting to observe whether buyers will continue to run the gauntlet and back themselves into post-auction negotiations and, in some cases, private auctions or whether the true transparency of the auction system will give consumers sufficient comfort to bid with confidence and buy ‘under the hammer’ or become the highest bidder to gain an exclusive seat at the negotiating table.”
Andrew Hayne, , Armadale:
“No I don’t think things have changed too much. The market has been pretty price sensitive for a while now, so provided vendor’s expectations are in line with the market then there shouldn’t be any problems selling. I am a big believer in each sets its own market so each one has to be treated on an individual basis rather than generalize about market conditions or sentiments.”

2 Avondale Road, ARMADALE

ARMADALE, 2 Avondale Rd: (), Passed in, $1,950,000 no bids.

 

 

Biggest Sale: MALVERN EAST, 37 Emo Rd
John Morrisby (Marshall White); After Auction, $1,535,000 - 1 Bidders

"This 1890 Victorian classic was offered for sale by auctioneer John Morrisby, who opened the auction on a vendor bid of $1,400,000. The beautiful gardens and quiet street were worth $1,425,000 to the one and only bidder but this wasn’t enough to get it sold and the property passed in. Bought after for $1,535,000." (Debbie McTaggart)

 

Biggest Pass In: SOUTH YARRA, 17 Acland St
Gerald Delany (Kay & Burton); Passed In: $3,250,000 - 0 Bidders

"With around 30 people in attendance on a gloomy Melbourne afternoon, auctioneer Gerald Delany waited patiently for the crowd to offer an opening bid for the South Yarra home. After several moments, Mr Delany offered a vendor bid of $3,250,000 looking for a rise of $25,000. The quiet crowd did not want to bid for the home, and the property was eventually passed in. With only 30 people in attendance, and no bidders among the crowd, the auction was over before it started." (Daniel Ehrenreich)
$1M+ stonnington Featured Auctions
UNDISCLOSED
JAMES HOME RATINGS
2 Avondale Road
PASSED IN: $1,950,000
UNDISCLOSED
JAMES HOME RATINGS
37 Emo Road
BOUGHT: $1,535,000
698
/1000
JAMES HOME RATINGS
30 Nott Street
PASSED IN: $2,000,000
UNDISCLOSED
JAMES HOME RATINGS
21B Avoca Street
PASSED IN: $1,200,000
UNDISCLOSED
JAMES HOME RATINGS
10 Woodside Crescent
PASSED IN: $1,810,000
Stonnington Weekly
stonnington Scheduled Auctions
MALVERN
43a Thanet Street, MALVERN
Bought undisclosed
43A THANET STREET
TOORAK
10 Woodside Crescent, TOORAK
Bought undisclosed
10 WOODSIDE CRESCENT
SOUTH YARRA
17 Acland Street, SOUTH YARRA
Bought undisclosed
17 ACLAND STREET
GLEN IRIS
30 Grandview Avenue, GLEN IRIS
Bought $1,108,000
30 GRANDVIEW AVENUE
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
ARMADALE
555 Orrong RoadBoughtUndisclosed2011-03-26
2 Avondale RoadPassed InPI: $1,950,0002011-03-26
GLEN IRIS
30 Grandview AvenueBought$1,108,000$1,8812011-03-26
220 Tooronga RoadBought$1,010,000$2,4942011-03-26
1823 Malvern RoadBoughtR: $1,323,420 - $1,455,9002011-03-26
MALVERN
43a Thanet StreetBoughtR: $1,726,200 - $1,899,000$5,107 - $5,6182011-03-26
MALVERN EAST
30 Nott StreetBoughtR: $2,013,900 - $2,215,500$2,489 - $2,7392011-03-26
26 Davies StreetBoughtR: $1,611,120 - $1,772,400$4,028 - $4,4312011-03-26
37 Emo RoadBought$1,535,000$2,1622011-03-26
SOUTH YARRA
21B Avoca StreetPassed InPI: $1,200,000$2,1622011-03-26
17 Acland StreetPassed InPI: $3,250,000$2,1622011-03-26
TOORAK
62D Heyington PlaceBoughtR: $1,557,416 - $1,713,3202011-03-26
10/3 St Georges RoadBoughtUndisclosed2011-03-26
60 Canterbury RoadPassed InPI: $1,700,0002011-03-26
10 Woodside CrescentPassed InPI: $1,810,0002011-03-26
stonnington Private Sales
TOORAK
21 Ross Street, TOORAK
Bought: $1,852,000
21 ROSS STREET
TOORAK
234 Kooyong Road, TOORAK
Bought: undisclosed
234 KOOYONG ROAD
TOORAK
17 Lansell Road, TOORAK
Bought: undisclosed
17 LANSELL ROAD
PRAHRAN
38 Wrights Terrace , PRAHRAN
Bought: undisclosed
38 WRIGHTS TERRACE
ADDRESSBOUGHT PRICEIMPROVED $/SQM
MALVERN47B Allenby AvenueUndisclosed
MALVERN EAST30 Nott StreetRange: $2,013,900 - $2,215,500$2,489 - $2,739
PRAHRAN38 Wrights Terrace Range: $1,524,810 - $1,677,450$5,332 - $5,865
690 High StreetRange: $834,330 - $917,850$2,311 - $2,543
TOORAK21 Ross Street$1,852,000$4,347
16 Cole Court$2,300,000$6,336
17 Lansell RoadRange: $3,260,600 - $3,587,000$4,831 - $5,314
234 Kooyong RoadRange: $2,517,375 - $2,769,375$3,420 - $3,763
MALVERN EAST, 37 Emo Rd
MALVERN EAST, 37 Emo Rd | John Morrisby (Marshall White)
After Auction: $1,535,000 - 1 Bidders (Photo: Debbie McTaggart)

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