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Stonnington Weekly

Stonnington Weekly
Stonnington Snapshot 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 [...]
Stonnington Weekly

Stonnington Weekly

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 [...]
Stonnington Weekly

Stonnington Weekly

Of the seven auctions we covered this weekend, only two sold under the hammer. Yet three of the remaining five had multiple bidders. Stonnington Snapshot 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 [...]
Stonnington Weekly

Stonnington Weekly

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 [...]
Stonnington Weekly

Stonnington Weekly

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 [...]
Stonnington Weekly

Stonnington Weekly

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 [...]
Stonnington Weekly

Stonnington Weekly

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 [...]
Stonnington Weekly

Stonnington Weekly

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 [...]
Stonnington Weekly

Stonnington Weekly

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 [...]
Stonnington Weekly

Stonnington Weekly

  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 [...]
Stonnington Weekly

Stonnington Weekly

For the first time this year, Stonnington’s clearance rate dropped below the strong range to a still solid 63%. Of the seven auctions we covered,  three sold and four were passed in. There were four and three bidders at auctions of homes bought under the hammer, and 4 Armadale Rd, Armadale ( Gowan Stubbings, Kay [...]
Stonnington Weekly

Stonnington Weekly

Last week our discussions with buyers were in relation to the limited supply of good family homes within the $1m – $3m range. But what has been happening across all segments of the market during the last month – since the week before Easter and the School holidays? The lack of stock numbers in the $1m [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot On a small number of auctions this weekend – just 8 – Stonnington had a clearance rate of 71%. There is an unexpected dearth of good family homes on offer in the $1m and $2m ranges at present. It’s unexpected because, while it is traditionally quiet around the Easter/School holiday period, it was hoped that the good [...]
Stonnington Weekly

Stonnington Weekly

With a massive 47 auctions this weekend, Stonnington had a healthy 70% clearance rate overall – although clearance rates were less robust in the $2 million plus segment, at just 50%. Of the 8 auctions we covered this weekend, 2 were bought before, 2 were ducks, 1 was a lone ranger,1 was a norm and 2 [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot The positivity in the market has continued into March with over 2 bidders at 6 out of the 7 auctions we covered today. There is now consistent evidence of buyers showing their readiness to transact. I was talking with Rae Tomlinson from Marshall White during the week, and she agreed: “There is activity happening [...]
Gina's Latest Ratings
2/63 WASHINGTON STREET
670
/1000
TOORAK
86 BRUNEL STREET
624
/1000
MALVERN EAST
20 MEREDITH STREET
668
/1000
MALVERN
63 CHATSWORTH ROAD
552
/1000
PRAHRAN
14 MERCER ROAD
675
/1000
ARMADALE
2 MYAMYN STREET
711
/1000
ARMADALE
11 SPRING STREET
668
/1000
PRAHRAN
28 MITCHELL STREET
619
/1000
NORTHCOTE
55 ERICA AVENUE
703
/1000
GLEN IRIS (Stonnington)
25 THE GRANGE
710
/1000
MALVERN EAST
5 RANFURLIE CRESCENT
713
/1000
GLEN IRIS (Stonnington)
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