BY ADAM WOLEDGE 30th November 2013
It was another big week in the Boroondara Million Dollar Plus property market. Although sold under the hammer rates on Saturday were lower, many sold soon after and there were some good results, such as the cracker of a volcano at 6 Crellin Gr, Camberwell (Andrew Gibbons, Marshall White) which had 7 bidders and sold under the hammer [...]
BY ADAM WOLEDGE 23rd November 2013
There was some good action in Boroondara this weekend, but as we noted last week, while the market overall is going well, we have been seeing very much a market of two-halves.
That is to say the A-graders and even B-graders are going well, but buyers are being particularly discerning on not-so-good or overpriced properties. There [...]
BY ADAM WOLEDGE 16th November 2013
With Christmas in everyone’s sights, the next four to five weeks is likely to be interesting. Will the year finish off as strongly as it did last year? Only time will tell.
In terms of new properties coming on to the internet, we really only have two weeks left. Although I suspect that we’ll still be [...]
BY ADAM WOLEDGE 9th November 2013
Hope you picked a winner last week. What a beautiful day it was!
The run up to Christmas looks solid, with good property numbers coming on to the market in Boroondara, and November 30 and December 7 looking to be Super Saturdays.
In addition there are also many opportunistic sales. Some of these are Expressions of Interest [...]
BY ADAM WOLEDGE 26th October 2013
With over 100 scheduled $1 million plus auctions in Boroondara this weekend, it really was a big weekend and the market responded well.
Numbers at opens and auctions have been consistently strong. I think the recent positive press about market clearance rates is helping – people just want to see a lively auction. Of course if [...]
BY ADAM WOLEDGE 19th October 2013
Well, the market certainly is good right now in Boroondara – for buyers and sellers alike. As we have said for some time, this is a transacting market. The better agencies are regularly reporting that clearance rates are in the 80-90% numbers for better properties.
That means that auction strategy is all important, as is [...]
BY ADAM WOLEDGE 12th October 2013
After a good break, the market is looking healthy for the remainder of 2013.
We saw a clearance rate of 69% in Boroondara on a reasonable number of properties on offer this weekend – with 44 scheduled auctions over $1 million.
There were two big auctions In Hawthorn – one at 23 View Street (Bruce Bonnett, McLaren [...]
BY ADAM WOLEDGE 14th September 2013
The market in Boroondara continues to be positive for buyers and sellers alike. Crowd numbers have been healthy at Open for Inspections – especially at good homes that have been well-advertised. There is good activity off-market also. We bought a beauty off-market this week in West Hawthorn through Campbell Ward and Nick Smith (Jellis Craig). [...]
BY ADAM WOLEDGE 31st August 2013
The weather got noticeably warmer this week, and there was even a hint of spring in the air. The footy finals are around the corner and the vibe with most people I have been talking to has been generally upbeat – except of course for my Essendon footy fan friends.
The market has been transacting, and [...]
BY ADAM WOLEDGE 24th August 2013
The positivity continues in the market which means that buying good properties is becoming harder as the weeks roll on.
In general terms we are at record levels for price – or in some cases over. How far this will continue is the big question. This weekend we had 41 $1 million plus auctions in Boroondara. [...]
BY ADAM WOLEDGE 17th August 2013
The market continues to perform well and on my regular chats with agents the feedback is very positive. Interestingly, the clearance rates at the bigger firms for auctions are more often than not exceeding the average clearance rate.
This week we continue the focus on the $3 million plus Boroondara market.
Among the recent activity at this [...]
BY ADAM WOLEDGE 10th August 2013
Given the smallish number of auctions we’ve had in the past few weeks, it has been hard to get too much of a read on where things are heading. But one thing I have noticed is that the quality of properties do seem to have improved. I have certainly rated more homes at more than [...]
BY ADAM WOLEDGE 3rd August 2013
Around 20 properties were up for auction this week in Boroondara – about the same as last week. We expect to see those numbers climb as the weather improves and as we approach one of the big peaks of the year, the weekend before the AFL Grand Final. One factor that is throwing this out [...]
BY ADAM WOLEDGE 27th July 2013
We’re back from our mid-year holidays and into the second half of winter. So the question is, how will the market perform in Boroondara?
Well the start of the year went strongly, and numbers at open for inspections in the last week or so have been very solid. The vibe remains upbeat, and it seems a [...]
BY ADAM WOLEDGE 22nd June 2013
Half Time break
Well the whistle has been blown, the oranges have been brought out and it is time for a much needed breather. The first half of 2013 has been very strong in Boroondara for the $1 million plus market. Last year ended well, and this year started strong off the back of that. We [...]
BY ADAM WOLEDGE 15th June 2013
Notable auctions this weekend include Henrietta Street Hawthorn and Edward Street Kew. Both have very good land characteristics and, given this market has been performing well of late, the results are a good indication of its continuing strength.
The long weekend just gone saw no real auction activity, but that does not mean that nothing [...]
BY ADAM WOLEDGE 1st June 2013
One week out from the Queen’s Birthday Long Weekend and with mid-year school holidays looming, the market continues to look strong.
Land Land Land
The demand and strong prices for land continue. Last week the $1,876,000 result for 59 Rowell Avenue Camberwell (Deb Silk, David Gillham Noel Jones) was particularly strong. That’s around $2400 per square [...]
BY ADAM WOLEDGE 25th May 2013
As the leaves fall off the trees in Boroondara, so too are advertised properties falling off the internet. We have witnessed another strong week, with an 80% clearance rate on 40 auctions. In fact the week has been so strong that a number of properties that were advertised as going to auction have been sold [...]
BY ADAM WOLEDGE 18th May 2013
It has been another solid week in the Boroondara market – and that is probably an understatement.
The boardroom at Marshall White was a pressure cooker this week as ten people packed in to see 11 Ferndale Road Glen Iris (Heather Elder) sell before the scheduled Saturday auction for a figure well over the [...]
BY ADAM WOLEDGE 11th May 2013
It was another strong week of buying and selling action in Boroondara, and with such a fine week of weather it really has been a good time for buyers, sellers and agents.
One property scheduled for auction this weekend, but which ended up selling before, was 123 Prospect Hill Road Camberwell (Duane Wolowiec, Marshall White). This [...]