Tuesday, May 22nd 2012
Stonnington – Weekly | Archives
Are Vendors Getting Ahead of Themselves? South Yarra and Toorak were almost bidder free today.
BY Ralph Doubell AM 1st May 2010
Of the 11 Stonnington auctions we attended today, four properties sold under the hammer, one before with the balance passed in (one of those six has since been reported as sold).
Of the pass ins, five were passed in with no bids (apart from a vendor bid).
So are vendors getting ahead of themselves?
Let’s first look at what [...]
A Quiet Auction Day in Stonnington
BY Ralph Doubell AM 24th April 2010
Not many highlights today as the supply of quality properties was limited and buyers may be waiting for the promised stronger offerings in May.
At the upper end, results were mixed, with an attractive Gillespie townhouse on Walsh Street passing in at $4,820,000 after a vendor bid of $4,800,000 in front of a quiet crowd. Another [...]
Only thing dropping in Stonnington is the Toorak median price statistic – but we haven’t seen too many prices dropping though. Confusing!
BY Ralph Doubell AM 17th April 2010
I remember when I was at university, one of my text books was “ How to Lie with Statistics”. Well if you read this morning’s press you will have seen that house prices in Toorak were reported to have dropped by just over 7% in the first quarter of this year. However, it’s hard to [...]
Stonnington Wrap – A week is a long time in Real Estate
BY Ralph Doubell AM 27th March 2010
The doom-sayers will be quiet for a while after some very good results in the area this week. Of the 10 auctions we attended this Saturday, 8 sold under the hammer while 2 were passed in.
The outstanding results were 16 Mercer Rd Armadale ( where some additional capital will be required to renovate) which saw [...]
Slower in South Yarra and Toorak
BY Ralph Doubell AM 20th March 2010
If the vendor and/or the vendor’s agent get a touch aggressive concerning the price of a property in this market, the property is more likely to be passed in – and the only way to sell it is to meet the market. Andrew McCann of Ben Mac stills believes there is plenty of demand out [...]
Mixed in Toorak and South Yarra
BY Ralph Doubell AM 13th March 2010
Not a whole lot on offer today and certainly minimal quality for the most part.
Something old, something new. What sells? Well this week it was something old. Two good old sales were: 140 Kooyong Road with Iain Carmichael of Bennison Mackinnon (James Rating 691/1000) which sold for a bullish $4.04 million after being on the [...]
Stonnington Still Shining
BY Ralph Doubell AM 27th February 2010
When a relatively small townhouse on Clendon Rd (17B) sells for $190,000 more than it was sold for 9 months ago ($1.81million vs $1.62million) you can safely say that the market continues to be very strong. How Strong? Well, on this example, the annualized increase is close to 15% and there were 3 bidders chasing [...]
Stonnington Land maybe the new gold or is it the houses?
BY Ralph Doubell AM 20th February 2010
At the end of last year there were a couple of auctions in Toorak which serve as benchmarks for land value – at least for normal Stonnington properties.
The first sale was at 44 St Georges Road. This 600 square metres of land – with a knockdown house on it, sold at auction through Gowan Stubbings [...]
Toorak, South Yarra, Malvern, Glen Iris, Malvern East and Armadale
BY Ralph Doubell AM 5th December 2009
Strong day, seven out of seven auctions we attended sold. Bidderman 2.3
After Kay and Burton’s incredible run of big sales, it’s the RT Edgar story today.
10 Avalon Armadale has finally sold for just over $4m which is well short of where it was first offered at. Great location, but a very difficult block for light and [...]
Toorak, South Yarra through Malvern, Glen Iris, Malvern East and Armadale
BY Mal James 28th November 2009
Stonnington was mostly “ON” today with Tim, Robert and Jock of Abercrombys getting the two strongest results away. 4-6 Vincent St Glen Iris selling for over $4m and 3 Auburn Grove in Armadale going for just over $3m. The latter a particular good selling result and I acknowledges I was wrong [...]
Toorak, South Yarra through Malvern, Glen Iris, Malvern East and Armadale
BY Ralph Doubell AM 21st November 2009
Leaving out Glen Iris – talked about that in Boroondara wrap - we saw 24 $m+ campaigns this week with a seller disconcerting 10 passed in at auction. That is a clearance rate of 58% and the main reason the overall James Clearance Rate is as weak as it is today.
Why? Price is [...]
Toorak, South Yarra through Malvern, Glen Iris, Malvern East and Armadale
BY Ralph Doubell AM 14th November 2009
Around 15 $m+ properties sold at auction today, with the highest reported sale price at 18 Winifred Cres Toorak which sold for $4.21 million. Gerald Delany and Clive Nettlefold of Kay and Burton. Good job, considering most others at this level failed to sell today.
Although stronger this week, sellers didn’t have it all [...]
South Yarra, Prahran, Toorak, Armadale, Malvern and Malvern East
BY Ralph Doubell AM 7th November 2009
Little to report on the $m+ front interest after a huge October for most Stonnington agents. Plenty of choice over the next 3 weeks with 24 and 29 Auctions $1m+ auctions planned for the last 2 weeks in November.
Private Sales
36 Heyington Place Toorak was sold by Tom Staughton and Mike Gibson of Kay and Burton. [...]
Mixed results but overall still strong.
BY Mal James 24th October 2009
Surprisingly Malvern East’s Gasgoine Estate was dead as a doornail today with 3 pass-ins from 3 homes (0% clearance); as was Toorak with only 1 from 5 selling or 20% clearance rate but everywhere else was very strong.
Overall Stonnington which covers Armadale, Malvern, Malvern East, South Yarra, Toorak and we include [...]
Bidders, Bidders, Bidders
BY Mal James 17th October 2009
There are a huge number of auctions and private sales in Stonnington this week and next week. The most dominating number is 3.875 – that is the average bidders at auctions we reported on below. 31 bidders at 8 auctions. Stock has increased and bidders numbers have actually risen substantially.
Here are [...]
Well done Bennison Mackinnon
BY Mal James 10th October 2009
Well done, Iain Carmichael. Well done, Richard Mackinnon. Well done to all directors of Bennison Mackinnon Armadale.
Have you noticed a change in the air in Stonnington, have you noticed the new hot Armadale company to sell your home through? Bennison Mackinnon. They have taken a stance on buyer respect and it seems [...]
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Although I think we remained in denial for a lot of the pre-bid phase it can only be said that your advice on the ultimate selling price was always accurate. We thank you for your considered and accurate advice, from the very beginning you gave us an accurate range of the likely selling price, for the extensive research you provided in assessing the property and indeed the assistance and the process you e...
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EARLY WINTER DEMANDS A CHANGE OF TACK...
BY Mal James
With Easter 2012 over, many of you will be suffering withdrawals not just from chocolate but also from information about the property market – a...
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