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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 [...]
Stonnington Weekly

Stonnington Weekly

Stonnington Snapshot 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. There [...]
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 [...]
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34 AIRLIE AVENUE
742
/1000
PRAHRAN
21 MARY STREET
663
/1000
ST KILDA WEST
11/17 MARSHALL AVENUE
601
/1000
KEW
52 CLARA STREET
675
/1000
SOUTH YARRA
18B BRICKWOOD STREET
633
/1000
BRIGHTON
10 ASHLEY GROVE
679
/1000
MALVERN
24 RUABON ROAD
636
/1000
TOORAK
28 HOLROYD AVENUE
675
/1000
ST KILDA EAST
26 NORTH ROAD
687
/1000
BRIGHTON
17 FRASER STREET
662
/1000
MALVERN
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