oc | Friday 24th January

Stonnington



Very little to get excited about this weekend

, 15 Albert St: There was a bit of fence sitting at this Andrew Hayne () auction, and not a lot of action. Passed in $1,600,000, no bidders

With not much on offer this weekend, only one over $3m ( Steve Abbott – 68 Hopetoun Rd, ) and minimum quality at the lower end, my thoughts turned to family, holidays and the Pies. Winter will be a time of continuing opportunity, but as buyers we will have to work hard to find them. And you will still need some bravery if you wish to take those opportunities. Overall, unless you are convinced that the world is going to fall apart, this is the best time to buy since GFC 2008 – providing it is the right home at the right price.

, 2/264 Walsh St. A good high $3 million result from . It’s not our job to talk agents up,  but in a slow apartment market Marcus has got a number of solid results in recent times.

Andrew Hayne, Marshall White, : “There will be a bit more stock post Easter, but May won’t be as busy as years gone by due to Easter being a bit later. The 3 weeks leading up to the June long weekend will be busy after the school holiday period, and then slow down again.”

, Marshall White, Armadale: “What we will see beyond Easter will be fair prices being paid for properties, and a shrinking amount of becoming available leading into the colder months. June is distracted with a long weekend, and yes, it’s school holidays time again – so we will have some interruptions. In the meantime, enjoy the quieter roads!”

Have a good holiday from all things real estate and see you back bright, refreshed and ready to buy after Easter. Drive safely – Mal.

 

TOORAK, 80 Grange Rd
TOORAK, 80 Grange Rd | Rodney Morley (Woodards)
Under Hammer: $1,500,000 - 5 Bidders (Photo: Debbie McTaggart)
Bidderbuzz Auction
"It was third auction lucky for the eventual buyers of this property, proving that there are definitely people out there looking to buy - if the house and price are right. An opening bid of $1,200,000 encouraged four bidders into the race and the bidding for the property soon reached $1,400,000, when the property was declared on the market. A bid of $40,000 above the previous one was strong but not enough to bag the sale. Thanks to some help from a buyer's advocate, the property was secured for $1,500,000" (Debbie McTaggart)

 

Biggest Sale: TOORAK, 68 Hopetoun Rd
Steven Abbott (Jellis Craig); After Auction, $3,050,000 - 3 Bidders

"This art deco property with Heritage One (HO1) overlay was looking for a committed buyer to make it a home. A vendor bid of $2,800,000 got the proceedings underway and the first bidder entered the race with a bid of $2,850,000. A second vendor bid of $2,900,000 signalled that the bidding was still some way off from the desired sale price. Auctioneer Steven Abbott wouldn't entertain an increment of $5,000, demanding at least $10,000 to stay in the race. Despite keen bidding, this property was passed in at $3,020,000 but this was just the start of the negotiations. Bought after for $3,050,000. " (Debbie McTaggart)

 

Biggest Pass In: MALVERN EAST, 9 Lewes Dr
Anthony Grimwade (RT Edgar); Passed In: $2,500,000 - 2 Bidders

"On this magnificent day in Melbourne, a vibrant crowd of around 130 people came to witness the auction of 9 Lewes Drive, Malvern East. Auctioneer Anthony Grimwade appropriately described the iconic property before asking for bids from the large crowd. Mr Grimwade waited patiently for several moments before a gentleman in the crowd announced an opening bid of $2,400,000. This was the only bid Mr Grimwade received before returning inside the home to discuss the situation with his vendors. Upon his return to the crowd, Mr Grimwade stressed the importance and benefits of bidding now, and eventually another bid was made for $2,410,000, then $2,420,000 and so on until the price reached $2,500,000. There were only two bidders in total, and the property was eventually passed in to the original bidder at $2,500,000. " (Daniel Ehrenreich)
$1M+ stonnington Featured Auctions
651
/1000
JAMES HOME RATINGS
ARMADALE: 11 Armadale St
11 Armadale Street
BOUGHT: $1,700,000
629
/1000
JAMES HOME RATINGS
ARMADALE: 3 Lambeth Av
3 Lambeth Avenue
BOUGHT: $1,730,000
UNDISCLOSED
JAMES HOME RATINGS
MALVERN EAST: 15 Albert St
15 Albert Street
PASSED IN: $1,600,000
UNDISCLOSED
JAMES HOME RATINGS
MALVERN EAST: 9 Lewes Dr
9 Lewes Drive
PASSED IN: $2,500,000
UNDISCLOSED
JAMES HOME RATINGS
SOUTH YARRA: 1 Witchwood Cl
1 Witchwood Close
PASSED IN: $1,400,000
UNDISCLOSED
JAMES HOME RATINGS
TOORAK: 80 Grange Rd
80 Grange Road
BOUGHT: $1,500,000
736
/1000
JAMES HOME RATINGS
TOORAK: 68 Hopetoun Rd
68 Hopetoun Road
BOUGHT: $3,050,000
Stonnington Weekly
stonnington Scheduled Auctions
TOORAK
80 Grange Road, TOORAK
Bought $1,500,000
80 GRANGE ROAD
TOORAK
68 Hopetoun Road, TOORAK
Bought $3,050,000
68 HOPETOUN ROAD
SOUTH YARRA
33 Osborne Street, SOUTH YARRA
Bought $1,032,000
33 OSBORNE STREET
TOORAK
2A Ormsby Grove, TOORAK
Bought $1,650,000
2A ORMSBY GROVE
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
ARMADALE
3 Lambeth AvenueBought$1,730,000$4,5772011-04-16
3/868 Malvern RoadBoughtBought (2011-06-23) - R: $1,348,354 - $1,483,330$7,134 - $7,8482011-06-23
11 Armadale StreetBought$1,700,000$3,6962011-04-16
GLEN IRIS
191 Tooronga RoadBoughtR: $1,078,875 - $1,186,875$1,555 - $1,7102011-04-16
MALVERN EAST
15 Albert StreetPassed InPI: $1,600,000$1,555 - $1,7102011-04-16
9 Lewes DrivePassed InPI: $2,500,000$1,555 - $1,7102011-04-16
PRAHRAN
3 St Edmonds RoadBought$2,355,000$13,7722011-04-16
SOUTH YARRA
33 Osborne StreetBought$1,032,000$7,2172011-04-16
15 Hobson StreetBought$1,300,000$4,7102011-04-16
56 Moore StreetBoughtBought (2011-04-19) - Undisclosed2011-04-19
1 Witchwood ClosePassed InPI: $1,400,0002011-04-19
TOORAK
68 Hopetoun RoadBought$3,050,000$3,6752011-04-16
18 Cloverdale AvenueBoughtBought (2011-07-01) - Undisclosed2011-07-01
2A Ormsby GroveBoughtBought (2011-05-05) - $1,650,000$3,1312011-05-05
80 Grange RoadBought$1,500,000$1,3742011-04-16
stonnington Private Sales
MALVERN
225 Tooronga Road, MALVERN
Bought: undisclosed
225 TOORONGA ROAD
SOUTH YARRA
2/264 Walsh Street, SOUTH YARRA
Bought: undisclosed
2/264 WALSH STREET
SOUTH YARRA
36 Clara Street, SOUTH YARRA
Bought: undisclosed
36 CLARA STREET
MALVERN EAST
11 Bent Street, MALVERN EAST
Bought: $1,040,000
11 BENT STREET
ADDRESSBOUGHT PRICEIMPROVED $/SQM
GLEN IRIS 191 Tooronga RoadRange: $1,078,875 - $1,186,875$1,555 - $1,710
MALVERN5 Oxford StreetUndisclosed
225 Tooronga RoadUndisclosed
MALVERN EAST11 Bent Street$1,040,000$3,675
SOUTH YARRA32 Nicholson StreetUndisclosed
2/264 Walsh StreetRange: $3,644,200 - $4,009,000$6,724 - $7,397
36 Clara StreetUndisclosed
32 Nicholson StreetUndisclosed
TOORAK2/3 Martin CourtRange: $2,157,750 - $2,373,750$6,916 - $7,608
23 Fairbairn Road$1,250,500$4,531
3/2-4 Lansell CourtRange: $1,726,200 - $1,899,000$1,133 - $1,247
TOORAK, 68 Hopetoun Rd
TOORAK, 68 Hopetoun Rd | Steven Abbott (Jellis Craig)
After Auction: $3,050,000 - 3 Bidders (Photo: Debbie McTaggart)

Subscribe to our Market News Newsletter


Tags: , , , , , , , ,


Inside James Market News