oc | Monday 20th January

Boroondara



Melbourne’s strongest in 2008/2009/2010 seems to be dropping down the ladder in 2011.

, 35 Wattle Valley Rd: A big crowd of 80 turned out to watch James Tostevin in action. Unfortunately, there wasn't much action to watch. Passed in $2,300,000, no bidders

Key Points:

  • Is the dream run over for agents in Boroondara or is Post Easter going to be a very different story? Just like the market itself, there has been tremendous change within the business of real estate in Boroondara in recent times. Both the May and Winter markets could be very different to past years – it will all be determined by stock levels – the size of the overhang, how it’s mopped up and whether or not we will see nervous vendors putting their quality stock up for sale post Easter. Not writing the old girl for any length of time, not by any stretch, she has got up off the floor quickly before. For buyers, now may simply be a window and not a trend.
  • Canterbury 13 Rubens: Jeremy Desmier Fletchers and Tom Ryan, Sold before Auction: Over $3,000,000.
  • Even if its got something to offer, if the market says it’s a bit different and not perfect then it’s not selling at auction;  evidenced by 35 Wattle Valley Road Canterbury and 6 Wharton St .
  • Price check 2 Kaarumba (Michael Nolan of Noel Jones) – just out past Narrak Road, a big but difficult, irregular block of 1200+ sqm sold for just over $1100 psqm.

Chloe Quinn, , : “We are experiencing mixed at the moment. Some auctions are performing as expected and we are seeing competitive bidding, others are passing in and either selling on the day or in the week post auction. Houses that are appealing and are in sort after locations are always going to experience competitive bidding (regardless of the market conditions). There are some good opportunities for buyers looking either side of one million dollars, as there are a number of properties for sale. Due to this, price guides and results are more predictable.”

Glen Coutinho, , /Hawthorn: “I do not believe it’s a buyers market, I think that the market is evenly balanced. The best advice I can advise is that real estate is a long term and there is no doubt that prices will be higher in the next 18 months, then they are now. So they are better off too buy their and get settled; as there are no signs of a falling market coming.”

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Biggest Sale: KEW, 7 Malin St
Alastair Craig (Jellis Craig); Under Hammer, $1,451,000 - 3 Bidders

"Alastair Craig gathered as many of us as he could into the front courtyard of this quaint, but in need of a cosmetic makeover, period home. As with all of Alastair's auctions this one was on time, concise and sprinkled with some vim and vigor. An opening bid came by way of a question - would you bid against a bid of $1.1m Mr Auctioneer? No, was the reply, and the bid was duly made and accepted. Two more bidders joined in and $10,000 lots we're fired out in rapid succession until we were on the market at $1,200,000. $1,370,000 stopped one of the bidders and the two that remained fought it out in a "gunfight at the OK corral type battle" till the last man was standing at $1,451,000. A very strong auction for the offering and confirms that at this price level, if they are well supported then they can get some momentum up and go past most people's expectations. Good campaign for Andrew Wilke of Jellis Craig. Crowd was around 50. 3 bidders." (Mal James)

 

Biggest Pass In: HAWTHORN EAST, 79a Harcourt St
Mark Dayman (Marshall White); Passed In: $3,300,000 - 0 Bidders

"No shoes were allowed in this property, which happens from time to time. What I wasn’t prepared for were the sixty pairs of shoes that made it difficult to access the front door! The attending crowd of over 130 surely gave auctioneer Mark Dayman some confidence that there might be a genuine buyer amongst the group. With a succinct preamble it was now up to the crowd to play their part, however the silence led to a vendor bid of $3,300,000 . Still nothing and half time was called, after the quickest half time I have ever experienced, Mr Dayman didn’t mess around and the property was passed in. Negotiations were commenced with interested parties." (Guy Angwin)
$1M+ boroondara Featured Auctions
UNDISCLOSED
JAMES HOME RATINGS
CAMBERWELL: 16 Jervis St
16 Jervis Street
PASSED IN: $1,250,000
661
/1000
JAMES HOME RATINGS
CANTERBURY: 7 Margaret St
7 Margaret Street
PASSED IN: $1,610,000
735
/1000
JAMES HOME RATINGS
CANTERBURY: 35 Myrtle Rd
35 Myrtle Road
PASSED IN: $2,300,000
722
/1000
JAMES HOME RATINGS
HAWTHORN: 13 Grove Rd
13 Grove Road
BOUGHT RANGE*: $1,726,200 - $1,899,000
No report
822
/1000
JAMES HOME RATINGS
HAWTHORN EAST: 79a Harcourt St
79a Harcourt Street
PASSED IN: $3,300,000
539
/1000
JAMES HOME RATINGS
KEW: 7 Malin St
7 Malin Street
BOUGHT: $1,451,000
626
/1000
JAMES HOME RATINGS
SURREY HILLS: 70 Guildford Rd
70 Guildford Road
BOUGHT RANGE*: $1,798,125 - $1,978,125
No report
UNDISCLOSED
JAMES HOME RATINGS
SURREY HILLS: 6 Wharton St
6 Wharton Street
PASSED IN: $1,750,000
Stonnington Weekly
boroondara Scheduled Auctions
CAMBERWELL
38 Nevis Street, CAMBERWELL
Passed In $2,150,000
38 NEVIS STREET
MONT ALBERT
9 Lightfoot Street, MONT ALBERT
Bought undisclosed
9 LIGHTFOOT STREET
CAMBERWELL
52 Cooloongatta Road, CAMBERWELL
Bought undisclosed
52 COOLOONGATTA ROAD
HAWTHORN
15 Marian Street, HAWTHORN
Bought undisclosed
15 MARIAN STREET
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
BALWYN
8 Woods StreetBought$2,510,000$3,6642011-04-02
9a Wills StreetPassed InPI: $1,250,000$3,6642011-04-02
1 Monash AvenueBoughtUndisclosed2011-04-02
BALWYN NORTH
16 The Boulevard Bought$1,396,000$1,6682011-04-02
205 Balwyn RoadBought$1,270,000$1,7282011-04-02
4 Viewhill RoadBoughtR: $1,656,193 - $1,821,985$2,436 - $2,6792011-04-02
CAMBERWELL
13 Dower StreetBoughtBought (2011-04-22) - R: $1,551,662 - $1,706,990$2,680 - $2,9482011-04-22
21 Christowel StreetBoughtR: $2,325,575 - $2,558,375$2,769 - $3,0462011-04-02
1252 Toorak RoadBoughtR: $1,064,490 - $1,171,050$1,468 - $1,6152011-04-02
38 Nevis StreetPassed InPI: $2,150,000
4 Darling AvenuePassed InPI: $1,000,000
52 Cooloongatta RoadBoughtUndisclosed2011-04-02
16 Jervis StreetPassed InPI: $1,250,0002011-04-02
1 Kirkwood DriveBought$1,318,500$6,4322011-04-02
8 Seymour GrovePassed InPI: $1,450,000$6,4322011-04-02
16 Webster StreetBought$1,700,000$2,4082011-04-02
11 Bethela StreetBoughtR: $1,112,440 - $1,223,800$1,905 - $2,0962011-04-02
CANTERBURY
34 Hopetoun AvenueBoughtR: $1,659,070 - $1,825,1502011-04-02
35 Myrtle RoadPassed InPI: $2,300,0002011-04-02
7 Margaret StreetPassed InPI: $1,610,0002011-04-02
GLEN IRIS
19 Nepean StreetBoughtR: $1,222,725 - $1,345,125$1,884 - $2,0732011-04-02
40 Denman AvenuePassed InPI: $1,120,000$1,884 - $2,0732011-04-02
10 Jesse StreetBought$1,140,000$1,7482011-04-02
134 High StreetPassed InPI: $1,150,000$1,7482011-04-02
64 Madeline StreetBoughtR: $1,198,750 - $1,318,750$1,949 - $2,1442011-04-02
HAWTHORN
15 Marian StreetBoughtR: $1,193,955 - $1,313,475$4,249 - $4,6742011-04-02
13 Grove RoadBoughtR: $1,726,200 - $1,899,000$3,294 - $3,6242011-04-02
13 Kent StreetBoughtBought (2011-08-07) - $1,050,000$3,3652011-08-07
HAWTHORN EAST
79a Harcourt StreetBoughtBought (2011-04-13) - R: $3,227,035 - $3,550,075$6,206 - $6,8272011-04-13
33 Hastings RoadBoughtR: $2,330,370 - $2,563,650$2,758 - $3,0342011-04-02
1/2 Hastings RoadBought$1,560,000$5,6732011-04-02
KEW
6 Tennyson StreetBoughtR: $1,232,315 - $1,355,675$2,485 - $2,7332011-04-02
4 River Retreat Passed InPI: $1,860,000
7 Malin StreetBought$1,451,000$3,0872011-04-02
1a Balmoral AvenueBought$2,460,000$3,9302011-04-02
1a Stirling StreetBoughtR: $1,443,295 - $1,587,775$2,291 - $2,5202011-04-02
29 Fitzwilliam StreetBought$1,200,000$3,0002011-04-02
MONT ALBERT
9 Lightfoot StreetBoughtR: $1,340,682 - $1,474,890$1,585 - $1,7432011-04-02
1 Grace CourtBoughtR: $1,141,210 - $1,255,450$1,538 - $1,6922011-04-02
6 Blenheim AvenueBought$1,715,000$2,6972011-04-02
2a Marlborough StreetBoughtR: $1,203,545 - $1,324,025$1,869 - $2,0562011-04-02
SURREY HILLS
51 Middlesex RoadNot Reported
6 Wharton StreetPassed InPI: $1,750,000
37 Durham RoadBought$1,400,000$1,8572011-04-02
70 Guildford RoadBoughtR: $1,798,125 - $1,978,125$2,877 - $3,1652011-03-31
22 Balmoral CrescentPassed InPI: $2,300,000
boroondara Private Sales
SURREY HILLS
208 Union Road, SURREY HILLS
Bought: undisclosed
208 UNION ROAD
HAWTHORN
46 Kinkora Road, HAWTHORN
Bought: undisclosed
46 KINKORA ROAD
HAWTHORN
25 Mary Street, HAWTHORN
Bought: undisclosed
25 MARY STREET
KEW EAST
38 Willow Grove, KEW EAST
Bought: undisclosed
38 WILLOW GROVE
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BALWYN11 Threadneedle StreetUndisclosed
17 Ellen Street$1,480,000$1,932
2 Kaarumba Grove$1,400,000$1,144
1/10 Yerrin StreetRange: $1,220,807 - $1,343,015$3,925 - $4,318
CAMBERWELL21 Webster Street$1,670,000$2,294
HAWTHORN25 Mary StreetRange: $4,123,700 - $4,536,500$3,685 - $4,054
51 Berkeley StreetRange: $6,784,925 - $7,464,125$4,249 - $4,674
46 Kinkora RoadUndisclosed
HAWTHORN EAST12a Rosslyn Street$1,280,000$4,252
KEW7 Eamon CourtRange: $2,296,805 - $2,526,725$2,171 - $2,388
69 Argyle RoadUndisclosed
KEW EAST38 Willow GroveUndisclosed
MONT ALBERT15 Serpentine StreetRange: $959,000 - $1,055,000$1,372 - $1,509
MONT ALBERT NORTH56 Dunloe AvenueUndisclosed
SURREY HILLS3 Arthur StreetUndisclosed
219 Union Road$1,040,000$1,661
13 Drewett Street$1,225,000$1,395
112 Guildford RoadRange: $2,033,080 - $2,236,600$1,918 - $2,110
208 Union RoadRange: $1,102,850 - $1,213,250$1,212 - $1,333
KEW, 7 Malin St
KEW, 7 Malin St | Alastair Craig (Jellis Craig)
Under Hammer: $1,451,000 - 3 Bidders (Photo: Mal James)

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