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Port Phillip Weekly

Port Phillip Weekly
It’s the calm before the storm in Port Phillip, with only four auctions this weekend: two in Port Melbourne, one in Albert Park and one in South Melbourne. Next weekend (Saturday 23, February) will be a Super Saturday, with a large number of auctions across Melbourne and 18 auctions above $1m in Port Phillip in [...]
Port Phillip Weekly

Port Phillip Weekly

In Port Phillip, the start of 2012 mirrored most of 2011, with stock-shortage being the buzz word amongst agents and buyers. As the year progressed, we saw vendors adjust their expectations as agents finally realised they had to work harder to make vendors understand that the value of their property may have fallen. The interest [...]
Port Phillip Weekly

Port Phillip Weekly

The sale of 29 Albert Street Port Melbourne by Frank Callaghan of Frank Gordon Real Estate this weekend was an indication that there is warmth in the market at around $1 million – particularly when the fundamentals are right with a property, as they were with Albert Street. It is a period home, has good [...]
Port Phillip Weekly

Port Phillip Weekly

Two similar properties went up for auction this week with two very different outcomes. The first was 12 Crimea Street, St Kilda – a grand two-storey Victorian terrace on 611 sqm of land, managed by Simon Gowling of Marshall White, quoting $2.5m plus. The property had been renovated some time ago and was liveable in its [...]
Port Phillip Weekly

Port Phillip Weekly

After the hype of ‘Super Saturday’, stock supply returned this weekend to the kind of levels we have been seeing over the last 18 months, and the James Clearance Rate of 50% for Port Phillip was not what agents would have hoped for. On reflection, Super Saturday was real estate’s equivalent of the Melbourne Cup, [...]
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 [...]
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