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Port Phillip Weekly

Port Phillip Weekly
With what was described as the biggest auction weekend in nearly two years, agents were certainly on tenterhooks as to what Saturday would bring. Their fears turned to relief and perhaps even delight, as Greg Hocking from Greg Hocking Holdsworth,  David Wood from Hocking Stuart and Kaine Lanyon from Marshall White all reported strong results. [...]
Port Phillip Weekly

Port Phillip Weekly

This week in Port Phillip two very different properties got the heart fluttering – the first was an old bakery at 201 Liardet Street in Port Melbourne a property managed by Oliver Bruce of Marshall White which over the last two weeks has seen record numbers attend opens. The second was 71 and 71 A Grey [...]
Port Phillip Weekly

Port Phillip Weekly

This weekend in Port Phillip we saw limited properties on offer, much of which wasn’t quite A grade. While there was reasonable bidding at two of the auctions I covered, there were no volcanoes and two properties were passed in. History would suggest that those that passed in will sell within the month [...]
Port Phillip Weekly

Port Phillip Weekly

We’re seeing something of a mini burst of activity in Port Phillip, with 12 auctions this weekend and sixteen next week – all over the $1 million mark. These are solid properties without being spectacular and are mostly in the range of $1m to $1.3m. After that, the market takes a breather as the Grand Final [...]
Port Phillip Weekly

Port Phillip Weekly

Of the four auctions I attended in Port Phillip, only one sold under the hammer: 108a Addison Street Elwood. This was a cracker auction, with four bidders all going hell for leather trying to bluff the other bidders out of the process with strong bids. Well done to Matthew Morley of Morley Real Estate for [...]
Port Phillip Weekly

Port Phillip Weekly

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 [...]
Port Phillip

Port Phillip

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 [...]
Port Phillip Weekly

Port Phillip Weekly

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 [...]
Port Phillip Weekly

Port Phillip Weekly

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 [...]
Port Phillip Weekly

Port Phillip Weekly

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 [...]
Port Phillip Weekly

Port Phillip Weekly

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 [...]
Port Phillip Weekly

Port Phillip Weekly

Port Phillip Weekly

Port Phillip Weekly

Port Phillip Weekly

Port Phillip Weekly

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 [...]
Port Phillip Weekly

Port Phillip Weekly

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 [...]
Port Phillip Weekly

Port Phillip Weekly

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 [...]
The well priced had multiple bidding – 71%

The well priced had multiple bidding – 71%

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  [...]
Port Phillip Weekly

Port Phillip Weekly

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 [...]
Properties sold before auction keep buyers on their toes

Properties sold before auction keep buyers on their toes

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 [...]
Two solid weeks in a row – a 2012 anomaly – 73%

Two solid weeks in a row – a 2012 anomaly – 73%

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 [...]
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