oc | Thursday 23rd January

Stonnington



Where the big action was this weekend – 7 sales over $3m this week – 70% Clearance Rate.

68 Wrights Terrace , PRAHRAN

PRAHRAN, 68 Wrights Terrace: Like many of today’s auctions, this one had good numbers in attendance, but unfortunately no sale for (), passed in $1,610,000, 1 bidder

Key Points: It’s all about the bigger deals this week:

  • 19 Hamilton – Justin Long – At Auction – $4,357,000
  • Malvern 66 Claremont – Iain Carmichael – At Auction – $3,700,000
  • 9 Ross – Justin Long – Auction – over $3,600,000
  • Toorak – 3 Teringa – Andrew(s) McCann and Macmillan of Benmac – post last weeks auction – over $3,500,000 – nearly $5000 per sqm for rear south facing land
  • Toorak – 611 Toorak Road – Expressions of Interest – Greg Herman of – $3,500,000
  • Toorak – 231 Kooyong Road – James Redfern – Post last Saturday’s auction – over $3,500,000
  • Malvern East – 127 Finch St – Rob Vickers-Willis – $3,300,000

Agent Q & A

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

Mark Wridgway, RT Edgar, Toorak: “Stock levels over the next 6-7 weeks leading up to Easter are likely to be above normal. This year Anzac Day falls the Tuesday after Easter Monday which leaves only 3 days of that last week, which happens to immediately follow the school holidays. I can imagine that some people will essentially extend the school holidays to almost 3 weeks. Most vendors will want to see that period through before launching a new campaign, so the option is to get your onto the market in time for a  9th April auction date or wait until 21st May.”

Justin Long, Marshall White, : ” The 3 weekends leading up to the Labour Day weekend were heavily booked even before hit us, as those who had purchased in late 2010 made plans to complete their real estate transactions at the earliest opportunity. Those not forced into February action seem to have been delayed until the first few rounds of auctions were played out and, the results having been reasonably encouraging, those that have waited are now finally making their decisions. The long weekend has adversely affected stock levels for March and the first weekend in April as many vendors chose not to have that weekend in their programs but as a result, the 9th April seems to loom as the BIG weekend before Easter. In summary: expect a late (but strong) pre-Easter run.”

ARMADALE, 5 Seymour Av
ARMADALE, 5 Seymour Av | Andrew James (Hocking Stuart)
Under Hammer: $2,465,000 - 4 Bidders (Photo: Kate Agnoleto)
Bidderbuzz Auction
"The loud chatter of neighbours catching up on gossip was clearly audible prior to the beginning of this Armadale auction. Auctioneer Andrew James described the location as being “one of the best in Armadale,” with an “outstanding floor plan” and painted a picture of the lifestyle on offer to the crowd of 70 in his preamble. Mr James commenced proceedings with an opening bid of $2,000,000 and, with his enthusiastic and energetic manner, created a bidding contest between four interested parties. When bidding reached $2,355,000, the property was announced on the market. Spirited bidding continued and the property was eventually bought under the hammer for $2,465,000 to the applause of all the onlookers. " (Kate Agnoleto)

 

Biggest Sale: MALVERN, 19 Hamilton Rd
Justin Long (Marshall White); Under Hammer, $4,357,000 - 2 Bidders

"This auction was missed by our reporter but the information was kindly provided to us by auctioneer Justin Long. The auction opened on a bid of $3,820,000, was on the market at $4,250,000 and bought under the hammer for $4,357,000. There were two bidders and a crowd of around 150. A solid result for this 1930s reproduction home on 668sqm of land." (Mal James)

 

Biggest Pass In: TOORAK, 3 McMaster Ct
Warwick Anderson (RT Edgar); Passed In: $3,200,000 - 0 Bidders

"The sun was shining and the dogs were out in force at this Toorak auction. Auctioneer Warwick Anderson spoke fondly of the property and the whisper quiet location in his preamble to the assembled group of 30. Mr Anderson looked for an opening bid but, with none forthcoming, opened with a vendor bid of $3,200,000. Despite Mr Anderson’s best efforts there was no bidding on the day and the property was passed in at this figure. The crowd was slow to disperse." (Kate Agnoleto)
$1M+ stonnington Featured Auctions
UNDISCLOSED
JAMES HOME RATINGS
ARMADALE: 5 Seymour Av
5 Seymour Avenue
BOUGHT: $2,465,000
775
/1000
JAMES HOME RATINGS
GLEN IRIS : 127 Finch St
127 Finch Street
BOUGHT: $3,300,000
780
/1000
JAMES HOME RATINGS
MALVERN: 19 Hamilton Rd
19 Hamilton Road
BOUGHT: $4,357,000
527
/1000
JAMES HOME RATINGS
MALVERN EAST: 46 Grant St
46 Grant Street
BOUGHT RANGE*: $1,822,100 - $2,004,500
742
/1000
JAMES HOME RATINGS
PRAHRAN: 34 Airlie Av
34 Airlie Avenue
BOUGHT*: Undisclosed
Stonnington Weekly
stonnington Scheduled Auctions
PRAHRAN
31 Molesworth Street, PRAHRAN
Bought undisclosed
31 MOLESWORTH STREET
MALVERN
19 Hamilton Road, MALVERN
Bought $4,357,000
19 HAMILTON ROAD
MALVERN
50 Dixon Street, MALVERN
Bought undisclosed
50 DIXON STREET
MALVERN
28 Glendearg Grove, MALVERN
Bought undisclosed
28 GLENDEARG GROVE
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
ARMADALE
5 Seymour AvenueBought$2,465,000$5,4302011-03-05
GLEN IRIS
127 Finch StreetBought$3,300,000$3,0582011-03-05
2A Viva StreetBoughtR: $1,363,698 - $1,500,210$4,752 - $5,2272011-03-05
MALVERN
28 Glendearg GroveBoughtUndisclosed2011-01-28
5 Gaynor CourtBought$2,743,000$3,4242011-03-05
5 Gaynor CourtNot Reported
19 Hamilton RoadBought$4,357,000$6,5222011-03-05
30 Jordan StreetBoughtR: $1,361,780 - $1,498,100$2,368 - $2,6052011-03-05
50 Dixon StreetBoughtR: $1,500,835 - $1,651,075$3,207 - $3,5282011-03-05
MALVERN EAST
46 Grant StreetBoughtR: $1,822,100 - $2,004,500$2,306 - $2,5372011-03-05
14 Boardman StreetBought$1,215,000$2,9712011-03-05
20 Warida AvenueBought$1,515,000$1,9182011-03-05
17 Sylvester CrescentBoughtR: $1,726,200 - $1,899,000$6,232 - $6,8562011-03-05
21 Chanak StreetBought$1,425,000$1,8272011-03-05
PRAHRAN
31 Molesworth StreetBoughtUndisclosed2011-03-05
34 Airlie AvenueBoughtUndisclosed2011-03-05
10 Willis StreetBoughtR: $1,105,727 - $1,216,415$5,670 - $6,2382011-02-25
68 Wrights Terrace Passed InPI: $1,610,000
38 Wrights Terrace BoughtBought (2011-03-26) - R: $1,524,810 - $1,677,450$5,332 - $5,8652011-03-26
SOUTH YARRA
1/15 Kensington RoadBoughtR: $1,639,890 - $1,804,050$6,096 - $6,7072011-03-05
33a Argo StreetBoughtR: $1,515,220 - $1,666,900$4,826 - $5,3092011-03-05
TOORAK
46 Carters AvenueBoughtR: $1,222,725 - $1,345,125$980 - $1,0782010-10-15
3 McMaster CourtPassed InPI: $3,200,000
9 Ross StreetBoughtR: $3,519,530 - $3,871,850$7,410 - $8,1512011-03-05
27 Carters AvenueBought$1,012,000$6,6582011-03-05
stonnington Private Sales
ARMADALE
30 Barkly Avenue, ARMADALE
Bought: undisclosed
30 BARKLY AVENUE
SOUTH YARRA
35/15 Copelen Street, SOUTH YARRA
Bought: undisclosed
35/15 COPELEN STREET
MALVERN
26 Cressy Street, MALVERN
Bought: undisclosed
26 CRESSY STREET
GLEN IRIS
2 Hope Street, GLEN IRIS
Bought: undisclosed
2 HOPE STREET
ADDRESSBOUGHT PRICEIMPROVED $/SQM
ARMADALE30 Barkly AvenueRange: $1,785,658 - $1,964,410$4,626 - $5,089
GLEN IRIS 2 Hope StreetUndisclosed
MALVERN26 Cressy StreetRange: $1,563,170 - $1,719,650$3,513 - $3,864
PRAHRAN5 Lorne Road$1,170,000$5,792
32 Irving AvenueUndisclosed
SOUTH YARRA35/15 Copelen StreetUndisclosed
1 Medley Street$1,050,000$4,054
2/20 Avoca StreetRange: $3,931,900 - $4,325,500$6,698 - $7,369
TOORAK611 Toorak Road$3,500,000$3,372
14 Bruce StreetRange: $3,078,390 - $3,386,550$8,017 - $8,819
231 Kooyong RoadRange: $3,452,400 - $3,798,000$3,541 - $3,895
2/3 St Georges RoadUndisclosed
GLEN IRIS (Stonnington), 127 Finch St
GLEN IRIS (Stonnington), 127 Finch St | Rob Vickers-Willis (Abercromby's)
Under Hammer: $3,300,000 - 3 Bidders (Photo: Mal James)

Subscribe to our Market News Newsletter


Tags: , , , , , , ,


Inside James Market News