oc | Wednesday 26th February

Bayside/Port Phillip, Port Phillip



So-so weekend, but stock wasn’t that exciting. Wow on Howe – Big $6m+ sale.

64 Kerferd Road, ALBERT PARK

, 64 Kerferd Rd: The sun was shining in , but the bidders were nowhere to be found. David Lack (Biggin & Scott) passes in for $1,950,000 in front of a crowd of 60.

Key Points:

  • The overpriced are as cold as ice in Port Phillip right now. No bites, no action – as evidenced by the pass-ins of yesterday and the first two weeks of this market.
  • Overall the year has started better than anticipated but pass-in vendors will need to adjust if they want to attract buyers.
  • I went to a Beaconsfield auction yesterday – the offering slightly less than perfect but still a great spot – however the start was a $4million vendor bid and then a $4,250,000 vendor bid. I may have to eat humble pie when the result comes in but for me the 4 sales on this strip over $4m last year seemed different offerings.
  • 49 Howe Crescent advertised in an Expressions of Interest campaign for later this month sold last week well over its $5m+ guideline for over $6m (we believe). A very rare large size at 915 sqm with a double fronted Victorian on it – shows the pulling power of large so close to the in that St Vincent Garden precinct (or just off it). Michael Coen of the dealmaker on this one. Good job.
  • – some action at the with 338 Barkly selling for $2,400,000 and 46 Goldsmith selling after last weekend’s pass-in both with Torsten Kasper of Chisholm and Gamon. 102 Tennyson passed in for $1,700,000.
  • Land sale in Elwood at 49 Ormond Road sees land still around $3,000 per sq metre.

Agent Q & A

How are stock levels and what will they be like leading up to Easter?

Nick Yannopoulos and Gerald Betts, , Albert Park: “2011 has so far seen healthy stock levels and buyer activity. The Port Phillip district continues to perform strongly, particularly in the $2 million and under price bracket where stock is consistently in high and under . The current market activity levels suggest the area will continue to perform well right through to the Easter holiday period.”

Damian O’Sullivan, , Albert Park: “Stock levels have been very healthy thus far in 2011. Despite this, success rates have remained particularly high and in doing so encouraging many would-be sellers to consider listing their home for sale sooner rather than later. Many home owners seem inclined to want to sell prior to Easter and the ensuing winter chill when activity typically slows. We, too, are advising people to contemplate this and take advantage of what we believe is a vendor-biased market”

Kaine Lanyon, Marshall White, Albert Park: “Stock levels appear very healthy at present and will continue to be leading right the way up to Easter if the very recent activity & enquiry we have seen is any indicator. We feel that the market so far has performed better than what most people were expecting it do thus far and as a result the confidence appears to be flowing on from that.”

6 Dickens Street, ELWOOD

ELWOOD, 6 Dickens St: Adam Guest (Century 21) finds one bidder in the crowd of 90, but passes the in for $3,460,000.

BRIGHTON, 5 Horton Cl
BRIGHTON, 5 Horton Cl | Campbell Cooney (Hodges)
Under Hammer: $2,055,000 - 5 Bidders (Photo: Kristen Hatt)
Bidderbuzz Auction
"After a slowish start, this was a hot, hot, hot auction! Five bidders emerged from a smallish crowd of around 40 to take the initial opening bid of $1,400,000 to a sale price over $2,000,000. Campbell Cooney led proceedings and the bidding was fast and furious. The property was announced on the market at $1,910,000 and eight bids later, the home was sold to its delighted new owner for $2,055,000. A great auction." (Kristen Hatt)

 

Biggest Sale: BRIGHTON, 11 William St
Rod Richardson (Hocking Stuart); Under Hammer, $3,100,000 - 5 Bidders

"The epic 45 minute auction of 11 William Street had a mix of elements to entertain those spectators watching on - intensity, drama and tension with a few awkward silences thrown in. In the end it was a battle of the property developers for this generous block of land, in the heart of bayside Brighton. Auctioneer Rod Richardson showed composure in the face of heckling and the patience of a saint during this long auction, working tirelessly to achieve a solid result for the vendor from the opening bid of $2,710,000 to the winning end at $3,100,000. All in all, it was an entertaining auction to witness!" (Nikki Hills)

 

Biggest Pass In: MIDDLE PARK, 279 Beaconsfield Pde
Gerald Betts (RT Edgar); Passed In: $4,250,000 - 0 Bidders

"Auctioneer Gerald Betts opened with a vendor bid of $4,000,000 and closed with a vendor bid of $4,250,000 in front of 40 seemingly uninterested observers." (Mal James)
$1M+ bayside/port phillip Featured Auctions
604
/1000
JAMES HOME RATINGS
ALBERT PARK: 64 Kerferd Rd
64 Kerferd Road
PASSED IN: $1,950,000
UNDISCLOSED
JAMES HOME RATINGS
BEAUMARIS: 392 Beach Rd
392 Beach Road
PASSED IN: $2,225,000
678
/1000
JAMES HOME RATINGS
BLACK ROCK: 1 Hunter Av
1 Hunter Avenue
BOUGHT: $2,025,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 2A Hillcrest Av
2A Hillcrest Avenue
BOUGHT: $1,210,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 5 Horton Cl
5 Horton Close
BOUGHT: $2,055,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 11 William St
11 William Street
BOUGHT: $3,100,000
728
/1000
JAMES HOME RATINGS
BRIGHTON: 7 Yuille St
7 Yuille Street
PASSED IN: $2,500,000
551
/1000
JAMES HOME RATINGS
BRIGHTON EAST: 54 Comer St
54 Comer Street
PASSED IN: $1,320,000
682
/1000
JAMES HOME RATINGS
ELWOOD: 6 Dickens St
6 Dickens Street
PASSED IN: $3,460,000
703
/1000
JAMES HOME RATINGS
MIDDLE PARK: 279 Beaconsfield Pde
279 Beaconsfield Parade
PASSED IN: $4,250,000
758
/1000
JAMES HOME RATINGS
MIDDLE PARK: 317 Richardson St
317 Richardson Street
BOUGHT RANGE*: $2,685,200 - $2,954,000
No report
Stonnington Weekly
port phillip Scheduled Auctions
ELWOOD
19 Thackeray Street, ELWOOD
Bought $1,540,000
19 THACKERAY STREET
ALBERT PARK
219 Danks Street, ALBERT PARK
Bought $990,000
219 DANKS STREET
ELWOOD
49 Ormond Road, ELWOOD
Bought $1,260,000
49 ORMOND ROAD
SOUTH MELBOURNE
248 Montague Street, SOUTH MELBOURNE
Passed In $1,500,000
248 MONTAGUE STREET
bayside Scheduled Auctions
BRIGHTON EAST
54 Comer Street, BRIGHTON EAST
Bought undisclosed
54 COMER STREET
BRIGHTON
11 William Street, BRIGHTON
Bought $3,100,000
11 WILLIAM STREET
BEAUMARIS
392 Beach Road, BEAUMARIS
Bought undisclosed
392 BEACH ROAD
BRIGHTON
2 Anne Crescent, BRIGHTON
Bought $1,201,000
2 ANNE CRESCENT
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
BEAUMARIS
392 Beach RoadPassed InPI: $2,225,000
22 Hotham StreetBoughtUndisclosed2011-03-05
BLACK ROCK
1 Hunter AvenueBought$2,025,000$3,3582011-03-05
BRIGHTON
7 Yuille StreetPassed InPI: $2,500,000$3,3582011-03-05
2A Hillcrest AvenueBought$1,210,000$2,8812011-03-05
2 Anne CrescentBought$1,201,000$2,4562011-03-05
5 New StreetBought$1,470,000$2,2972011-03-05
3/160 Church StreetPassed InPI: $1,350,000$2,2972011-03-05
14 Laburnum StreetBoughtBought (2011-03-25) - $1,100,000$3,8602011-03-25
11 William StreetBought$3,100,000$2,2662011-03-05
5 Horton CloseBought$2,055,000$3,1762011-03-05
2/56 TheEsplande Bought$1,105,000$1,2702011-03-05
BRIGHTON EAST
54 Comer StreetPassed InPI: $1,320,000$1,2702011-03-05
HIGHETT
15 Nicol StreetBoughtUndisclosed2011-02-18
SANDRINGHAM
80 Spring StreetBought$1,000,050$1,4012011-03-05
ALBERT PARK
22 Madden StreetBoughtBought (2011-03-08) - $1,520,000$11,7832011-03-08
3 Barrett StreetBoughtR: $1,103,809 - $1,214,305$6,856 - $7,5422011-03-05
64 Kerferd RoadBoughtBought (2011-06-02) - Undisclosed2011-06-02
219 Danks StreetBought$990,000$6,8282011-03-05
ELWOOD
15 Rothesay AvenueBoughtR: $903,378 - $993,810$4,343 - $4,7782011-03-05
6 Dickens StreetPassed InPI: $3,460,000
49 Ormond RoadBought$1,260,000$2,7392011-03-05
19 Thackeray StreetBought$1,540,000$5,9002011-03-05
338 Barkly StreetBought$2,400,000$3,6532011-03-05
13 Docker StreetBought$1,755,000$4,4102011-03-05
MIDDLE PARK
317 Richardson StreetBoughtR: $2,685,200 - $2,954,000$8,418 - $9,2602011-03-05
279 Beaconsfield ParadeNot Reported
54 Canterbury RoadBoughtBought (2011-04-28) - Undisclosed2011-04-28
PORT MELBOURNE
13 Evans StreetPassed InPI: $950,0002011-04-28
SOUTH MELBOURNE
248 Montague StreetPassed InPI: $1,500,000
94 Moray StreetPassed InPI: $1,050,000
bayside Private Sales
BRIGHTON
2/15-17 Bent Street, BRIGHTON
Bought: $3,010,000
2/15-17 BENT STREET
BRIGHTON
61 Roslyn Street, BRIGHTON
Bought: undisclosed
61 ROSLYN STREET
BLACK ROCK
14 Champion Street, BLACK ROCK
Bought: undisclosed
14 CHAMPION STREET
port phillip Private Sales
PORT MELBOURNE
31 Crichton Avenue, PORT MELBOURNE
Bought: $1,300,000
31 CRICHTON AVENUE
REPORTED BAYSIDE PRIVATE SALES
REPORTED PORT PHILLIP PRIVATE SALES
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BEAUMARIS45 Cromer Road$1,075,000$3,981
BLACK ROCK14 Champion StreetRange: $1,146,005 - $1,260,725$1,731 - $1,904
BRIGHTON61 Roslyn StreetRange: $1,133,538 - $1,247,010$3,193 - $3,513
16 Rusden StreetRange: $1,006,950 - $1,107,750$2,575 - $2,833
2 Maher StreetRange: $1,486,450 - $1,635,250$2,212 - $2,433
16 Rusden Street$1,050,000$2,685
153A New StreetRange: $1,352,190 - $1,487,550$3,039 - $3,343
2/15-17 Bent Street$3,010,000$1,750
BRIGHTON EAST51 Lucas StreetRange: $2,138,570 - $2,352,650$3,192 - $3,511
23 Louise Street$1,475,000$2,446
5 Clive StreetUndisclosed
5 Clive Street$1,265,101$1,645
HAMPTON13 Amiens Street$1,390,000$1,972
132 Ludstone Street$1,115,000$1,394
13/237 Hampton Street$1,000,000$1,222
9 Lorraine CourtRange: $1,831,690 - $2,015,050$3,336 - $3,670
SANDRINGHAM1A Cowper Street$1,250,000$4,310
ELWOOD2 John StreetRange: $1,198,750 - $1,318,750$6,309 - $6,941
22 Burns StreetRange: $1,428,910 - $1,571,950$3,346 - $3,681
46 Goldsmith StreetRange: $1,917,041 - $2,108,945$3,610 - $3,972
PORT MELBOURNE121 Beach Street$1,695,000$289
13 Davies Street$1,027,000$7,034
31 Crichton Avenue$1,300,000$2,605
SOUTH MELBOURNE49 Howe Crecent Range: $5,754,000 - $6,330,000$6,289 - $6,918
BRIGHTON, 11 William St
BRIGHTON, 11 William St | Rod Richardson (Hocking Stuart)
Under Hammer: $3,100,000 - 5 Bidders (Photo: Nikki Hills)

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