BY GUY ANGWIN 23rd March 2013
Clearance rates dropped to 54% on 17 auctions in Port Phillip this weekend, after several weeks of solid results in this area. The biggest sale was for 397 Howe Parade in Port Melbourne, which sold under the hammer for $1,541,000 under two bidders. But another in Port Melbourne, at 26 Beach St, had no [...]
BY GUY ANGWIN 16th March 2013
With the Grand Prix on this weekend, normally sleepy Port Phillip is currently clogged up with bollards and crowd controllers directing traffic. Key agents Michael Coen (Hocking Stuart) and Kaine Lanyon (Marshall White) agree that this means there will be little, or no real auction action over the next two weekends with only five auctions [...]
BY GUY ANGWIN 2nd March 2013
The Clearance Rate for Port Phillip this weekend was 65% on 27 auctions, a solid result.
Auction of the weekend was at 78 Ruskin Street, Elwood, with Kaine Lanyon of Marshall White. This was a ripper of a small period home with nothing to spend that rated well at 719. The big upside [...]
BY GUY ANGWIN 23rd February 2013
Off-markets out of hibernation
With 64 Armstrong Street Middle Park selling for over $4 million at auction last year, (Michael Szulc of Geoff Cayzer), and an off-market with Michael Coen (Hocking Stuart Albert Park) going for over $6 million, some bigger properties that have been in hibernation for the last two years are finally starting to [...]
BY GUY ANGWIN 16th February 2013
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 [...]
BY GUY ANGWIN 1st December 2012
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 [...]
BY GUY ANGWIN 24th November 2012
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 [...]
BY GUY ANGWIN 17th November 2012
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 [...]
BY GUY ANGWIN 10th November 2012
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, [...]
BY MAL JAMES 27th October 2012
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. [...]
BY GUY ANGWIN 20th October 2012
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 [...]
BY GUY ANGWIN 13th October 2012
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 [...]
BY GUY ANGWIN 15th September 2012
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 [...]
BY GUY ANGWIN 8th September 2012
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 [...]
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 [...]