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Stonnington Weekly

Stonnington Weekly
Stonnington Snapshot There has been a significant increase in our enquiry levels since the period around the long weekend, which felt like a  “lull” in the market. A feeling of doubt pervaded the market with questions around – Would prices continue to rise? and Would there be another influx of good properties? Well there definitely has been [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot There were a whole bunch of new listings this week for the second half of this first quarter. And so we now see more choice in the $1m – $2.5m range. Interestingly, we noticed quite a few back on line which only recently sold last few years and in 2013. Completing your due diligence [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot A mixed bag of results today. Of the 10 auctions we reported today, 5 passed in and 2 were bought before.  It certainly didn’t feel like last week’s Super Saturday. Currently, there is not much on offer for family homes in Stonnington between $1m – $2.5m, unlike other councils where buyers are comparing their options. [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot Some big results at our first auction weekend in Stonnington last week  – big in terms of numbers of bidders and how they bid. At 14 Balmerino, Ave Toorak (James Tomlinson, Marshall White) there were 5 bidders with the buyer having been an underbidder last year. Speaking with James this week and he suggested that at [...]
Stonnington Weekly

Stonnington Weekly

As I reflected on the week that was whilst preparing for gameday (Saturday bid auctions) , I recognised that there is nothing new in terms of listings on the web. However talk continued about off-market properties and, perhaps more importantly for most buyers,  of prospective new listings. After speaking with buyers again this week, it seems [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot After working until Christmas Eve, I took almost 4 weeks off during the school holiday period (the longest holiday I’ve enjoyed in years although I’m not sure how joyful my kids were having me around so much) only to return to a “busy” feeling market. You know that type of busy when results [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot The feeling is that the end of the year is pretty much here, with only two weekends of auctions left after this one – 40 auctions next week and 22 the week after. The list of remaining auctions for this year is mixed and many are for land sales or major renovations. This is not [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot Final property listings for 2013 campaigns hit the internet this week and the first of those opens were today. Agents will soon be readying for final sales as the last significant auction weekend looms on December 14. Of course stock will have peaked by then, with November 30 shaping up as a Super Saturday [...]
Stonnington Weekly

Stonnington Weekly

Right now just as a stretching buyer has to ask the question: Am I buying a price or am I buying the property, so all sellers are now being asked that perplexing question by the market: are you selling a property or are you selling a price? Big difference in strategies! BUT, and it’s a big [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot The lead up to Super Saturday was frenetic. And the day produced good clearance rates with many, many underbidders left unsatisfied.  Talk of the wash up ensued. In the two weeks since then, numbers at Opens have remained strong. With high demand proving consistent over this year, how are bidders going to secure the [...]
Stonnington Weekly

Stonnington Weekly

What’ s so super about Super Saturday? Is it the anticipation, the anxiety or the drama on the day? Melbourne is the auction capital of the Australia and perhaps the world – Why? Because as a people we love the theatre and we love to exaggerate for the dramatic effect – or is that just me? In [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot ‘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 [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot 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 [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot 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 [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot 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 [...]
Bubble Talk??

Bubble Talk??

25th July 2015

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51 HUGHES STREET
630
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658
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5/75-81 GRANGE ROAD
660
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21 STUDLEY AVENUE
700
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15 SUTHERLAND ROAD
732
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27 OBAN STREET
685
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43 SERVICE STREET
592
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20 HOYT STREET
709
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735
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716
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