oc | Friday 24th January

Bayside/Port Phillip, Port Phillip



Not a lot to report first day back

139 Beaconsfield Parade, ALBERT PARK

, 139 Beaconsfield Pde: David Wood () rubs his hands together in anticipation, but it was a quiet day at on Beaconsfield Pde. Passed in, $3,250,000, no bidders

Key Points:

  • The two big ones over $3m didn’t get a bid – Mary St and Beaconsfield Pde, and the $2m Mary St only had one bidder
  • Off Market – Andrew Stuart gets a big one away in Kerferd Rd for $4,900,000

Agent Q & A: How have you found non-auction sales so far this year?
Matt Young, Buxton, :
“Sales in general, be it non-auction or via auction, have been far more difficult than throughout 2010.  In short, the basics don’t change.  You need to closely match the potential buyers requirements with the right home.  In a softening market this is a far more difficult prospect, buyers requirements aren’t as easily flexed as they have the luxury of .  In an upswinging market the opposite is in effect, many potential buyers simply don’t have the and are restricted to what they can afford to buy rather than meeting their ideal requirements. With regards to non-auction sales specifically, it’s a common misconception that the auction process is less successful in a soft market.  Vendors may be concerned their home may not sell on the day, they hear many negative reports about auction falling and fear what may happen to them.  On the contrary though, non-auction sales avoid much of this negativity due to their being no specific reporting measures available of their success rate.  In actual fact, I would suggest to most that the failure to sell ratio would be far higher through non-auction sales than via auction. Understanding your market place, knowing your buyers and having world class buyer management strategies are all now more important than ever before.  Failure to do this is quite literally guaranteeing a negative outcome for your vendors.   It’s been a terrific start to 2011.  So far this year, we have found the market to have returned earlier than usual as the volume of properties available is higher than normal presenting many potential buyers with great opportunities.”

HAMPTON, 5 St Kilian St
HAMPTON, 5 St Kilian St | Jonathan Dixon (J P Dixon)
Under Hammer: $1,450,000 - 4 Bidders (Photo: David James)
Bidderbuzz Auction
"On a very warm humid morning, a large crowd enjoyed Johnathon Dixon's excellent preamble at the auction of this property. Located so well and with the old dwelling to be demolished, four bidders didn't waste a second and competition was intense. The property was sold within minutes for $1,450,000. A good result." (David James)

 

Biggest Sale: ST KILDA WEST, 61 Mary St
David Wood (Hocking Stuart); After Auction, $2,220,000 - 1 Bidders

"David Wood has a sizable crowd to work with but they all looked a bit sleepy and it looked headed to an opening vendor bid pass-in or what we call "the duck" when a man in a hat popped up with a $10,000 morsel. No further bidding, it was passed into the man and another drip of $10,000 in post auction wheelings and dealings saw the matter concluded. Lacklustre vibe. Photos by Phoebe James" (Mal James)

 

Biggest Pass In: ALBERT PARK, 139 Beaconsfield Pde
David Wood (Hocking Stuart); Passed In: $3,250,000 - 0 Bidders

"Auctioneer David Wood from Hocking Stuart was seriously up against the elements today as he tried to make himself heard against the traffic noise and the wind coming off Port Phillip Bay. The preamble was short and to the point, before he asked for bids. No one was prepared to open the bidding and he immediately entered a vendor bid of $3,250,000. Still no response, so half time was called. After the think music was up, the question was asked again and still no bids. The property was passed in on the vendor bid." (Guy Angwin)
$1M+ bayside/port phillip Featured Auctions
UNDISCLOSED
JAMES HOME RATINGS
BEAUMARIS: 16a Coronet Gr
16a Coronet Grove
PASSED IN: $1,800,000
614
/1000
JAMES HOME RATINGS
BEAUMARIS: 3 Lileura Av
3 Lileura Avenue
BOUGHT RANGE*: $1,254,372 - $1,379,940
723
/1000
JAMES HOME RATINGS
BRIGHTON EAST: 13 Hornby St
13 Hornby Street
BOUGHT: $1,555,000
563
/1000
JAMES HOME RATINGS
HAMPTON: 5 St Kilian St
5 St Kilian Street
BOUGHT: $1,450,000
UNDISCLOSED
JAMES HOME RATINGS
SOUTH MELBOURNE: 11 Eville St
11 Eville Street
BOUGHT: $0
No report
652
/1000
JAMES HOME RATINGS
ST KILDA WEST: 61 Mary St
61 Mary Street
BOUGHT: $2,220,000
Stonnington Weekly
port phillip Scheduled Auctions
SOUTH MELBOURNE
11 Eville Street, SOUTH MELBOURNE
Bought $1,250,000
11 EVILLE STREET
ST KILDA WEST
61 Mary Street, ST KILDA WEST
Bought $2,220,000
61 MARY STREET
ALBERT PARK
59 Merton Street, ALBERT PARK
Bought undisclosed
59 MERTON STREET
ALBERT PARK
52 Brooke Street, ALBERT PARK
Bought $940,000
52 BROOKE STREET
bayside Scheduled Auctions
BEAUMARIS
16a Coronet Grove, BEAUMARIS
Not Reported
16A CORONET GROVE
BLACK ROCK
27 Red Bluff Street, BLACK ROCK
Bought $1,350,000
27 RED BLUFF STREET
HAMPTON
5 Carolyn Street, HAMPTON
Bought undisclosed
5 CAROLYN STREET
BRIGHTON
11 Hamilton Street, BRIGHTON
Bought $1,325,000
11 HAMILTON STREET
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
BEAUMARIS
3 Lileura AvenueBoughtR: $1,254,372 - $1,379,940$1,994 - $2,1942011-02-19
16a Coronet GroveNot Reported
BLACK ROCK
27 Red Bluff StreetBought$1,350,000$1,9292011-02-19
BRIGHTON
23 Montclair AvenueBoughtR: $1,366,575 - $1,503,375$1,995 - $2,1952011-02-19
11 Hamilton StreetBought$1,325,000$4,1022011-02-19
4/48 North RoadBought$1,725,000$5,3572011-02-05
BRIGHTON EAST
13 Hornby StreetBought$1,555,000$1,5612011-02-19
HAMPTON
60A David StreetBoughtR: $1,054,900 - $1,160,500$3,996 - $4,3962011-02-16
5 Carolyn StreetBoughtUndisclosed2011-02-14
20a Ivy StreetBoughtBought (2011-03-09) - R: $1,313,830 - $1,445,350$3,285 - $3,6132011-03-09
5 St Kilian StreetBought$1,450,000$2,2042011-02-19
ALBERT PARK
52 Brooke StreetBought$940,000$5,2222011-02-19
42 Philipson StreetNot Reported
59 Merton StreetBoughtR: $1,812,510 - $1,993,950$10,070 - $11,0782011-02-19
139 Beaconsfield ParadePassed InPI: $3,250,000
PORT MELBOURNE
206/2 Pier StreetBoughtBought (2011-05-28) - Undisclosed2011-05-28
43 Beacon VistaBoughtR: $1,359,383 - $1,495,463$3,069 - $3,3762010-11-06
SOUTH MELBOURNE
125 Bank StreetBought$1,100,000$8,8712011-02-18
11 Eville StreetBought$1,250,000$6,6142011-02-19
372 Albert RoadBought$1,070,000$6,0112011-02-19
58 Mountain StreetBoughtUndisclosed2011-02-18
ST KILDA WEST
61 Mary StreetBought$2,220,000$6,6872011-02-19
bayside Private Sales
BRIGHTON
7/18 North Road, BRIGHTON
Bought: undisclosed
7/18 NORTH ROAD
CHELTENHAM
1361 Nepean Highway, CHELTENHAM
Bought: undisclosed
1361 NEPEAN HIGHWAY
BRIGHTON
28c Well Street, BRIGHTON
Bought: $1,000,000
28C WELL STREET
BLACK ROCK
290A Beach Road, BLACK ROCK
Bought: $2,950,000
290A BEACH ROAD
REPORTED BAYSIDE PRIVATE SALES
REPORTED PORT PHILLIP PRIVATE SALES
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BEAUMARIS9 Wells Road$2,550,000$2,948
BLACK ROCK290A Beach Road$2,950,000$4,983
BRIGHTON7/18 North RoadRange: $1,726,200 - $1,899,000$852 - $937
2b Rothesay Avenue$2,700,000$5,400
28c Well Street$1,000,000$3,135
BRIGHTON EAST160 South RoadUndisclosed
CHELTENHAM1361 Nepean HighwayRange: $1,122,030 - $1,234,350$1,043 - $1,147
SANDRINGHAM292 Bluff Road$950,000$1,409
ELWOOD14 Mason Avenue$1,260,000$4,286
MIDDLE PARK14 Fraser Street$1,750,000$7,955
BRIGHTON EAST, 13 Hornby St
BRIGHTON EAST, 13 Hornby St | Sam Paynter (Hodges)
Under Hammer: $1,555,000 - 3 Bidders (Photo: Jen Milligan)

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