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Boroondara Weekly

Boroondara Weekly
78-80 Mount Street, KEW BOUGHT* RANGE – $4,617,200 – $5,145,850 Auctioneer Steve Abbott is poolside. He notes the strong prices being paid in Kew and the unprecedented demand for the suburb’s schools. As he calls for bids the spa kicks in and gurgles loudly. Steve may have hoped the auction would bubble along accordingly, however, this was [...]
Boroondara Weekly

Boroondara Weekly

As we have reported since 2008, Chinese and Chinese/Australians push the market to new heights each week. And with the Australian v American dollar swing we do not see this phenomenon stopping anytime soon. There has been a doubling of Balwyn land prices in recent times. This is due to the ‘Balwyn formula’ of developers building [...]
This is beginning to feel like boom conditions but it’s early days and it may just be another short spike. After all this is Berocca February.

This is beginning to feel like boom conditions but it’s early days and it may just be another short spike. After all this is Berocca February.

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 76% on the 29 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.8. It was hot out there today as predicted – 80% of auctions we covered today had 2 or more bidders. Welcome to the first game of the season – the pre-season [...]
The world returns to normal on a Saturday – it’s Auction Time!

The world returns to normal on a Saturday – it’s Auction Time!

At 6.00 pm on Saturday, on our first auction day of the year for Inner East and Bayside we have been to thirteen auctions – all had bidders and all sold. Bidderman was 3. No emphasis on stats today as there were very few $M+ auctions and this was a small sample. Inner Melbourne’s big auction games [...]
Boroondara Weekly

Boroondara Weekly

Another big auction day in Boroondara. The market is sizzling. I attended three auctions today. All three had at least two bidders, and all three properties sold. Marshall White had a big auction at 41 Flowerdale, Glen Iris (Madeline Kennedy/James Redfern) at almost $3m and two $2.8-3.0m sales in Camberwell – 18 Stodart Street at auction (Duane [...]
2014 is going out with a bang!

2014 is going out with a bang!

At 6.00 pm on Saturday, on a day where there were around 150 $1m+ scheduled auctions across Inner East and Bayside, the James Clearance Rate was 71% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.2.  After a slight breather last week, it looks like the year [...]
Boroondara Weekly

Boroondara Weekly

Another big auction day today…..not as big as a few weeks ago (October 25) but still quite big. Results were a bit patchy – again a reflection on the quality on offer. Buyers are still discerning with homes on tricky blocks or those requiring serious renovation. I went to three auctions, and all three resulted in [...]
It was bloody tough for buyers today (as expected)

It was bloody tough for buyers today (as expected)

At 6.00 pm on Saturday, the James Clearance Rate for Melbourne’s $M+ property was 77% on the 43 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement was at 2.1. The crowds were MASSIVE. Very strong figures when you consider this was a Super, Super Saturday. For example, today was three and half times the [...]
Boroondara Weekly

Boroondara Weekly

A busy day today – in fact a pretty busy week. While there was a lot happening today auction-wise, many properties sold during the week also, well ahead of their scheduled auction date. This is brief take from me this week, from the results below I’ll let you make up your mind about the market. With [...]
Boroondara Weekly

Boroondara Weekly

A busy few weeks for most involved in real estate – there are just so many properties to visit and monitor. Simone and I would have been through 50 between us in the past fortnight, a lot more than in recent years for the same period. Why? The late run……and 2014 looks like it might [...]
Boroondara Weekly

Boroondara Weekly

Quality of stock today in Boroondara overall down a bit we believe, but auction results still solid. Simone and I attended six auctions between us, and four sold very well with three or more bidders. One sold afterwards, one not far from selling. According to Richard Earle, Jellis Craig had a clearance rate of 86% – [...]
Is the Top End easing a smidgen?

Is the Top End easing a smidgen?

Week Ending Saturday, September 13: Market Summary The Market is splitting as it normally does when adjusting to the Spring Influx of properties. This week the market has sent buyers and sellers two very clear messages. If you’ve got a well priced, ready to move in home with some WOW in the $1m to $5m  range, then you have [...]
Boroondara Weekly

Boroondara Weekly

First auction weekend in spring, and you can really feel the momentum building in the market. The weather was perfect today and there were no AFL football finals played in Melbourne. As a seller, you couldn’t have really picked a better day to sell, and the crowds were very solid with well over 100 at [...]
Boroondara Weekly

Boroondara Weekly

After a solid week last week, this week also looks strong. Good solid bidding on the good properties. Those which are so-so or with inflated prices are left on the market or sell not far off what the agent is quoting – or even below what they could have maybe got off-market a few months [...]
Boroondara Weekly

Boroondara Weekly

With the milder weather today it seems spring has come early, even though most of the trees are still bare with leaves. We saw some really spirted bidding for good properties and even some so-so properties sold after passing in. By our records, today there were 40 scheduled auctions in Boroondara, and in the coming two [...]
Mal's Latest Ratings
14 STIRLING STREET
604
/1000
KEW
31 MCHENRY STREET
647
/1000
ST KILDA EAST
16 CAMBRIDGE STREET
752
/1000
HAWTHORN EAST
63 BEAVER STREET
752
/1000
MALVERN EAST
38 KOOYONGKOOT ROAD
727
/1000
HAWTHORN
14 BARRINGTON AVENUE
715
/1000
KEW
35 SECOND STREET
723
/1000
BLACK ROCK
11 MAPLE GROVE
696
/1000
TOORAK
78-80 MOUNT STREET
647
/1000
KEW
3 KEMBLA STREET
578
/1000
HAWTHORN
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