oc | Thursday 23rd January

Boroondara



The $3m+ market continued to awaken from its previous non-existence – but away from auctions.

, 19 Stirling St: The crowd was there but the bidders weren't. (), passed in $1,700,000, no bidders

To be frank I wasn’t that excited about running around to auctions today (which is very unusual for me). We videoed the 23 Falmouth St, auction with one of my favourite agents and 4 bidders. But after that I cleaned up my paperwork and looked forward to a week off.

Although this has been the best buyers’ market for over two years with and falling prices, one thing that as buyers we should consider over the Easter break is the amount of stock that was bought at auction and privately in May and June of last year. Early winter last year there was a concerted agent mopping up campaign of stales and pass-ins. I remember looking at some stats on actual sales at that time and thinking “impressive, more than I thought”. If that happens this year and new stock tightens then, as with last year, late winter and early spring will not be as good a time to buy as you think. Anyway, despite many agents implying they are 24/7, I’m not. I’m away for a week and then I’ll be back on board full bore immediately after Easter. Have a good break with your family. Life’s short. Take care, Adam.

Week Ending 16th April:The $3m action this week was away from auctions.

The drought in the Formula – big price, small , new home – was broken again with Maurice Di Marzio getting 59 Hosken Street, Balwyn North away in the high $3 millions. That’s the third in a week on the back of the two biggies reported last weekend.

, 11 Chaucer Close, with Boroondara doyen – Peter Mitchell of got the same sort of high $3 millions price.

Hawthorn, Harcourt St, was a hot place to be this week with Nick Ptak getting 79a away for just under $3.4 million (we think) and one of the results of recent times. Peter Vigano of Jellis Craig  got $3.625 million for 42 (we did not see that price coming)

Richard Winneke, Jellis Craig, Hawthorn: “We expect a busy May. Buyers will notice a lot more coming onto the market. In the meantime, over the next two  weeks, there will be very little to choose from except passed in properties from March and February. “

HAWTHORN, 23 Falmouth St
HAWTHORN, 23 Falmouth St | Hamish Tostevin (Marshall White)
Under Hammer: $1,330,000 - 4 Bidders (Photo: Jen Milligan)
Bidderbuzz Auction
"A sensational, sunny morning in Hawthorn saw Hamish Tostevin and his Marshall White team conduct an exctiting, quick auction at 23 Falmouth St. The first bidder was quick out of the blocks with a bid of $1,050,000 - and with an agent quoted price slightly above that, it seemed a good place to start. Three more bidders joined the action the the home was on the market at around $1,245,000. It was bought under the hammer for $1,330,000 within minutes. A great, rapid-fire auction. " (Jen Milligan)

 

Biggest Sale: HAWTHORN, 11 College St
Richard Earle (Jellis Craig); Under Hammer, $1,409,000 - 4 Bidders

"This was such a great auction to watch! Richard Earle was in fine form - very animated and ready for business. With a crowd of around 100, and a real buzz in the air, I don't think anyone was prepared for the slow start that ensued. Two vendor bids at $1,200,000 and $1,220,000 respectively and it looked like this one would not even get out of the blocks. How wrong we were! Soon Mr Earle was spinning in all directions, fielding bids literally left, right and centre. At $1,405,000 Mr Earle said he would be selling and strangely enough that's where things slowed down. One small increment was offered, then another. But, despite the small bids, the excitement was still there and when the hammer came down at $1,409,000 there was applause and cheering all round. A great auction." (Jen Milligan)

 

Biggest Pass In: CANTERBURY, 12 Dudley Pde
Doug McLauchlan (Marshall White); Passed In: $2,000,000 - 0 Bidders

"Doug McLauchlan took centre stage in the very big, leafy backyard of this great property and looked ready for action. Assisted by his Marshall White team, Mr McLauchlan explained that the circa 1923 home had been in the same family for a massive 72 years. But even the sentimentalists amongst us in the crowd weren't ready to put their hands in the air and bid. Mr McLauchlan opened and closed on a vendor bid of $2,000,000." (Jen Milligan)
$1M+ boroondara Featured Auctions
721
/1000
JAMES HOME RATINGS
CANTERBURY: 12 Dudley Pde
12 Dudley Parade
PASSED IN: $2,000,000
657
/1000
JAMES HOME RATINGS
HAWTHORN: 11 College St
11 College Street
BOUGHT: $1,409,000
UNDISCLOSED
JAMES HOME RATINGS
HAWTHORN: 5 Elgin St
5 Elgin Street
BOUGHT RANGE*: $1,654,275 - $1,819,875
No report
622
/1000
JAMES HOME RATINGS
HAWTHORN: 23 Falmouth St
23 Falmouth Street
BOUGHT: $1,330,000
632
/1000
JAMES HOME RATINGS
KEW: 36 Maitland Av
36 Maitland Avenue
BOUGHT: $1,345,000
677
/1000
JAMES HOME RATINGS
KEW: 19 Stirling St
19 Stirling Street
PASSED IN: $1,700,000
Stonnington Weekly
boroondara Scheduled Auctions
BALWYN NORTH
95 Hill Road, BALWYN NORTH
Bought undisclosed
95 HILL ROAD
KEW
3/11 Weir Street, KEW
Bought $1,220,000
3/11 WEIR STREET
CANTERBURY
7 Scott Street, CANTERBURY
Bought undisclosed
7 SCOTT STREET
KEW EAST
199 Kilby Road, KEW EAST
Bought $1,800,000
199 KILBY ROAD
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
ASHBURTON
31 Highgate GroveBought$1,110,000$1,4572011-04-16
BALWYN
4 Wills StreetBoughtBought (2011-05-17) - R: $1,241,905 - $1,366,225$2,943 - $3,2382011-05-17
BALWYN NORTH
95 Hill RoadBoughtUndisclosed2011-04-16
21 Corhampton RoadBought$1,300,000$1,5062011-04-10
16 Thackray StreetBoughtR: $1,198,750 - $1,318,750$1,773 - $1,9512011-04-11
33 Almond StreetBought$998,000$1,5942011-04-08
44 Fortuna AvenueBoughtR: $1,054,900 - $1,160,500$1,306 - $1,4362011-04-16
CAMBERWELL
21 Bethela StreetBoughtUndisclosed2011-04-16
54 Spencer RoadBoughtBought (2011-05-30) - $1,250,000$1,3842011-05-30
15 Bethela StreetBoughtBought (2011-04-21) - R: $901,460 - $991,700$1,530 - $1,6842011-04-21
CANTERBURY
1/31 Logan StreetBoughtR: $1,098,055 - $1,207,975$3,288 - $3,6172011-04-16
7 Scott StreetBoughtR: $1,285,060 - $1,413,700$2,307 - $2,5382011-04-14
12 Dudley ParadePassed InPI: $2,000,000$2,307 - $2,5382011-04-14
GLEN IRIS
7 Nepean StreetPassed InPI: $1,500,000
HAWTHORN
11 College StreetBought$1,409,000$6,7742011-04-16
5 Elgin StreetBoughtR: $1,654,275 - $1,819,875$2,613 - $2,8752011-03-31
23 Falmouth StreetBought$1,330,000$3,6442011-04-16
KEW
81 Normanby RoadBought$1,302,000$1,6842011-04-16
36 Maitland AvenueBought$1,345,000$2,0852011-04-16
45 Childers StreetBought$1,100,000$2,0872011-04-16
19 Stirling StreetPassed InPI: $1,700,000$2,0872011-04-16
3/11 Weir StreetBought$1,220,000$4,9802011-04-16
134 Parkhill RoadBoughtBought (2011-05-05) - $1,166,000$3,8612011-05-05
KEW EAST
199 Kilby RoadBought$1,800,000$2,3652011-04-16
SURREY HILLS
20 Wandsworth RoadBought$1,480,000$3,442
boroondara Private Sales
BALWYN NORTH
59 Hosken Street, BALWYN NORTH
Bought: undisclosed
59 HOSKEN STREET
GLEN IRIS
41 Ferndale Road, GLEN IRIS
Bought: undisclosed
41 FERNDALE ROAD
KEW
52 Normanby Road, KEW
Bought: $1,621,000
52 NORMANBY ROAD
BALWYN NORTH
6 Panoramic Road, BALWYN NORTH
Bought: $1,150,000
6 PANORAMIC ROAD
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BALWYN19 Parring RoadRange: $1,306,925 - $1,437,754$1,689 - $1,858
BALWYN NORTH59 Hosken StreetRange: $3,596,250 - $3,956,250$3,202 - $3,523
13 Rumpf AvenueRange: $911,050 - $1,002,250$2,398 - $2,638
228 Doncaster RoadRange: $1,179,570 - $1,297,650$1,255 - $1,380
6 Panoramic Road$1,150,000$1,732
78 Tannock StreetRange: $887,075 - $975,875$1,422 - $1,564
CAMBERWELL25 Green StreetRange: $1,160,390 - $1,276,550$1,766 - $1,943
21 Bethela StreetUndisclosed
20 Darling AvenueUndisclosed
CANTERBURY7 Margaret StreetUndisclosed
11 Chaucer CrescentRange: $3,692,150 - $4,061,750$2,806 - $3,086
GLEN IRIS67 Rowen StreetUndisclosed
5 Adrian StreetUndisclosed
41 Ferndale RoadRange: $1,330,133 - $1,463,285$2,232 - $2,455
134 High Street$1,250,000$1,667
HAWTHORN EAST79a Harcourt StreetRange: $3,227,035 - $3,550,075$6,206 - $6,827
42 Harcourt Street$3,625,000$6,427
256 Riversdale RoadUndisclosed
KEW2 Segtoune StreetRange: $2,253,650 - $2,479,250$4,472 - $4,919
52 Normanby Road$1,621,000$2,078
SURREY HILLS6 Wharton StreetUndisclosed
HAWTHORN, 11 College St
HAWTHORN, 11 College St | Richard Earle (Jellis Craig)
Under Hammer: $1,409,000 - 4 Bidders (Photo: Jen Milligan)

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