A quieter (and wetter!) day in the Boroondara $1m+ auction streets today. Pass-ins (and waiting around) seemed to be the order of the day, and one needed to have an umbrella handy.
Solid results were –
19 Florence Avenue, Kew (Diana Healy, Jellis Craig) – selling over $3.6m. This was a quality new home in good location – ‘A’ graders continue to perform well, and this property is testament to that.
2 Monomeath Place Canterbury (Richard Earle, Jellis Craig) – A-grade package selling over $3.1m – one bidder.
93 Liddiard Street, Hawthorn (Lachie Fraser-Smith, BenMac) – selling under the hammer for $1,807,000 – 3 bidders. Renovated doubled fronted Victorian over a single level with prized northern backyard – yes it is located on a busy street but discrete rear access did compensate for that somewhat.
These properties do represent an exception to the rule however as there were plenty of pass-ins, and many properties remain on the market as we speak. Of the 33 properties scheduled for auctions yesterday over $1m, about 60% of these passed in and 16 remain for sale as we speak. You can add of course a handful that were not reported. Still a buyers market? We would think so.
Design Smart, Adam
James Private Client Briefings contain far greater and more client-specific detail than what you see below and are available for full service James Search and Negotiate clients throughout Melbourne.
Contact us: For a private, confidential and no obligation discussion on what is really happening in your street, precinct and suburb from a buyer’s perspective, contact Architect Adam on 0413 318 079 or Gina on (+613) 9804 3133 or 0457 835 255 or Mal on 0408 107 988 from James Buyer Advocates.
Alternatively if you see us at an open for inspection or an auction please feel free to come over and say hello – perhaps we could send you a buyer rating, a result or simply open diaries and work out a time to sit down and talk about the market, values, negotiation, alternative homes or your needs from a buyer’s perspective.
For the record each of us is involved in 2 to 3 homes, around 20 inspections and attending/assisting/bidding on up to 4 auctions on a weekly basis – all in that specialist $M+ price range.
A sample of testimonials from satisfied clients http://www.jamesbuyeradvocates.com.au/testimonials.php