In Boroondara, the auction mood was a little frosty. But in the jewel suburbs of Kew, Hawthorn and Hawthorn East, 8 from 8 scheduled auction properties sold. Of the 8 auctions we attended, 5 sold – so the news overall was not too bad.
Most of the top selling agents continue to get solid results, namely:
Scott Patterson (Kay & Burton) – the Boroondara office sold 4 from 4 on the weekend. Scott also sold 12a Royal Crescent, Camberwell last week for a price we believe to be in the high $3,000,000s. Well done to the vendor there for hanging tough and staying with the K & B team – that property was on the market for some time.
James Tostevin (Marshall White) – 2 from 3 on the weekend. 1 Lyndhurst Crescent, Hawthorn (sold under the hammer for $2,051,000, 3 bidders) was a particularly strong result. It just goes to show that the double-fronted period home market in Hawthorn continues to be well supported by buyers.
Steve Burke (Jellis Craig) – another good weekend selling another $3 million plus property, 50 Seymour Grove, Camberwell. The tennis court site sold under the hammer for $3,550,000. There were 4 bidders and the reserve was $2,900,000. That puts land value at just under $2,000/m2 in central Camberwell (and more in better streets) – consistent with similar properties sold in this area for the past year or two.
Another strong result was 4 The Ridge, Canterbury, selling last week for more than $6,500,000. Michael Ebeling and Sarah Case from RT Edgar were the agents. The house was built to a very high standard and it is a beauty. Land size was 860m2, so allowing $3,000/m2 for land (say $2,600,000) was the house worth $4,000,000? Well, the buyer thought so……..
Good to see the coffee scene in Camberwell keeps on improving. Tucked down a street near Camberwell station (on the opposite side of the tracks to Collective Espresso), Coffeehead is a must for caffeine fanatics. The smell of roasting coffee wafts down the street, and the spacious warehouse-style shop is filled with coffee gadgets from roasters to take-home beans. Several machines and grinds mean all tastes should be satisfied, whether it’s for an intense long black with a citrus aroma or a full-bodied latte with creamy chocolate notes. Coffeehead is definitely worth a visit.
Queen’s Birthday holiday next weekend, so no auctions to report. We will be back on deck the week after. Until then…….