BY GUY ANGWIN 1st September 2012
This weekend, the clearance rate for the eight properties up for auction in Port Phillip over one million dollars was 83% – solid.
Amongst the most interesting auctions this weekend was a basic knock-downable Victorian(STCA) at 48 Kerferd Road Albert Park, sold by John Holdsworth of Greg Hocking Real Estate for $1,205,000, or a respectable $5,355 [...]
BY GUY ANGWIN 25th August 2012
With such limited stock up for auction in Port Phillip this week and what there was, not actually selling – I have listed some of the more interesting properties that are currently up for private sale. All these properties have previously failed to sell at auction and are either still with the [...]
BY GUY ANGWIN 18th August 2012
The two key properties of the 8 $million plus properties up for auction this weekend in Port Phillip were:
18 Faussett Street, Albert Park, which we had rated well at 673. This Hocking Stuart property, managed by Michael Coen, was a goodie, having been recently renovated to a high standard, with off-street car parking and only [...]
BY GUY ANGWIN 11th August 2012
Of the eight properties that were up for sale for over $1 million this weekend in Port Phillip, the hammer rate was 25% at 6pm Saturday 11th August.
One of the properties that sold was a rare vacant block of land, measuring 391 sq metres in Albert Park at 17 Hambleton Street. It was auctioned by [...]
BY GUY ANGWIN 4th August 2012
Vendors – where are you all? With only two properties listed for auction over $1m in Port Phillip this weekend, there was very little to choose from.
According to Alex Schiavo of Kay and Burton Real Estate, we would normally have more stock this time of the year, “but for some reason clients are delaying putting [...]
BY GUY ANGWIN 28th July 2012
In Port Phillip, auctions have slowed to a drizzle this month and agents have been a little glum as they batten down the hatches until stock levels improve in Spring. John Holdsworth of Greg Hocking Real Estate has indicated there will be an improvement in stock levels come September, however he also feels numbers will [...]
BY GUY ANGWIN 23rd June 2012
BY GUY ANGWIN 16th June 2012
BY GUY ANGWIN 2nd June 2012
There were only five $1m plus auctions in Port Phillip this weekend. So I compared it with the same weekends in 2011 and 2010. It turns out there were 13 auctions scheduled for those weekends, representing a decline of about 38%. To get some clarity on where the real estate market is heading I spoke [...]
BY GUY ANGWIN 26th May 2012
Over the last few weeks I’ve spoken about off market properties and unless you have an agent’s ear it’s unlikely you would know about them.
However, there is a group of properties for sale in Port Phillip that appear on the internet, yet don’t have auction or for sale boards on them.
48 St Vincent Place Albert [...]
BY GUY ANGWIN 19th May 2012
Stock levels are continuing to be an issue in Port Phillip according to Greg Hocking of Greg Hocking Real Estate and Alex Schiavo of Kay and Burton. However, it’s not all bad news.
David Lack of Biggin and Scott Real Estate has had a strong week with two off market sales in Port Melbourne and one [...]
BY GUY ANGWIN 12th May 2012
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BY GUY ANGWIN 5th May 2012
Port Phillip saw a surprisingly strong clearance rate of 83% on the auctions we attended last weekend – albeit on small numbers. Of the five auctions we attended four sold at auction or shortly after – which hasn’t always been the case in Port Phillip. Clearly some vendors are recognising that if they don’t sell [...]
BY GUY ANGWIN 28th April 2012
There was a surprising sale this week that showed the value of buyers keeping ahead of the competition.
This was the sale, two weeks before auction, of 177 Mills Street Albert Park, through Michael Coen of Hocking Stuart Real Estate, in the range of $2.3 million to $2.5 million. On the corner of Mills [...]
BY GUY ANGWIN 31st March 2012
There’ve been limited properties going under the hammer since Super Saturday (March 31st) but the sale of these three properties after auction shows that sales are occurring despite stock levels being 30% lower than this time last year.
35 Canterbury Road Albert Park – the sale was managed by Gerald Betts of R.T.Edgar Real Estate. A two [...]