BY GINA KANTZAS 19th October 2013
‘Bought before auction’ are three words that continue to be heard in this current market. 50 Lansell Road, Toorak (Michael Gibson and Sarah Case, Kay & Burton) was bought last weekend, a couple of weeks prior to the deadline for the Expressions of Interest campaign. This seems to be an increasing trend in this [...]
BY GINA KANTZAS 12th October 2013
Stonnington saw a healthy 67% clearance rate on a smallish number of auctions – just 12 – this weekend. In the weeks prior to the September school holidays, Malvern, Toorak and Armadale all recorded $3 million plus transactions at auction, private sales and at sold befores. The school holidays, rather than being a quiet [...]
BY GINA KANTZAS 14th September 2013
There was good bidder depth at many Stonnington auctions in the weeks leading up to the election.
We witnessed 28 bidders across 14 properties over the last couple of weekends of our Market News. That’s an average of two bidders per auction, which shows that buyers are certainly about, and is a sign of [...]
BY GINA KANTZAS 31st August 2013
There were reasonable numbers of potential buyers through the Thursday open for inspections this week. I t seems that families that have been thinking about buying are now preparing to invest in a home. Some agents have noted however that buyers are picking and choosing a bit, perhaps waiting in the hope that [...]
BY GINA KANTZAS 24th August 2013
This week there was a buzz in Stonnington, with agents declaring they have strong stock levels and convinced that other agents have plenty coming on too. At the Top End there were reports of off-market sales and pre-auction sales. And we inspected a few very good off-markets from an unusually bigger selection.
BY GINA KANTZAS 17th August 2013
This week our enquiry has predominantly been in the up to mid $1 million range – and what a competitive segment this is, in all parts of Stonnington! We bought a single-fronter in Malvern East at a Boardroom auction on Wednesday (with three active bidders) that had been scheduled for auction on Saturday (Daniel [...]
BY GINA KANTZAS 10th August 2013
While the weather took a turn for the worse this week, agents’ attitudes went the other way, going positive, with talk of plenty of recent listings and more off-markets. I have even noticed a bit of a spring in their steps lately.
Importantly, we’ve seen a variety of properties in all price brackets listed recently, giving [...]
BY GINA KANTZAS 3rd August 2013
Of the seven auctions we covered this weekend, only two sold under the hammer. Yet three of the remaining five had multiple bidders.
This week we noticed a lull in our precinct, with only 15 auctions on Saturday, all of which were a bit average in quality. And some of the few new listings during [...]
BY GINA KANTZAS 27th July 2013
Note: Statistically, this weekend’s numbers are too small to give an accurate summary of the market.
I’ve been looking forward all week to the return of the first auction Saturday after our winter break. I was curious to see whether the good-sized crowds that turned up in the cold and the rain to Open for Inspections [...]
BY GINA KANTZAS 22nd June 2013
There is movement in Stonnington. Today, 8 out of the 9 auctions we covered sold. The momentum has been building all year, although since Easter there has been an unexpected limited supply of quality property in the $1m plus sector. I say unexpected, because we had recorded consistently high bidderman and clearance rates during the [...]
BY GINA KANTZAS 15th June 2013
The long weekend meant there wasn’t much time to prepare for auctions on Saturday. But the good numbers at Opens during the holiday weekend has resulted in talk of the continuing high buyer demand in Stonnington.
Talking to Carla Fetta from Jellis Craig Bennison MacKinnon during the week, and she supported the sentiment that supply is [...]
BY GINA KANTZAS 1st June 2013
Stock levels in Stonnington saw a much needed increase this week, with dozens of new listings coming in. Most were for auctions scheduled for later in June (after the Queen’s Birthday weekend) and before the Winter School holidays. There are currently 33 auctions scheduled for 15 June and 21 auctions scheduled for [...]
BY GINA KANTZAS 25th May 2013
Three case studies of recent Stonnington Off-Markets have something interesting to tell us about what is happening in this market this year, and what the issues are for $3 million plus buyers.
4A Mayfield Malvern: This home was on the market quietly late last year and had a nibble at $5m but was not bought. So [...]
BY GINA KANTZAS 18th May 2013
Stock levels in Stonnington are still tight. This week there were less than a dozen new listings on the web – a situation which can be partly attributed to the Queen’s Birthday on Monday, 10th June 2013 which interrupts the traditional four week auction campaign. Even so , there were over three times more internet [...]
BY GINA KANTZAS 11th May 2013
Traditionally, May is one of the stronger months of the year and right now, it seems that, like May 2012 auction stock levels remain un-seasonally low in terms of quality. Before Easter, the clearance rates remained above 70% for Stonnington and this week the clearance rate dropped to 57%. Buyers were ready to transact and [...]