oc | Thursday 23rd January

Boroondara



Boroondara Weekly

There were pass-ins galore this weekend in Boroondara. While numbers at auctions were reasonable, with many perhaps keen to witness for themselves the train wreck that is the Melbourne auction market right now, actual buyers were scarce. Maybe this is reflective of the stock on offer, and there really were no stellar properties out there. Or maybe it was high vendor expectation or high initial price quotes that prevented most from selling.

Of the 9 auctions we covered, 8 passed-in and Boroondara sat at 1.6, slightly above the Melbourne average. Of the 20 overall that we monitored in the Million Dollar Plus market, 9 sold, giving a clearance rate of 45%. Compare this to Stonnington (80%) and Bayside (67%), and it certainly was not the best weekend to sell a in Melbourne’s leafiest council.

Now, two that did sell – 21 Barton Street (Julian Tonkin, ) and 17 Hunter Street (James Tostevin, ) – had some distinct similarities. Both were ready-made homes to live in: low-maintenance, period reproduction-style homes about 10 years old, on reasonable in good positions and quoted in the low $1m range. These properties were not perfect, but this market continues to perform well for properties like this. It also just goes to show that if you have a good agent (and listen to them), then you should be able to sell OK on the day.

Next week we will see more auctions (27), yet the quality on offer is similar. Interestingly, most of my discussions with agents in relation to upcoming dates for selling properties show that most are talking about August. July auction dates are practically non-existent. There really seems to be very little happening in the next 6 weeks or so. Apart from this being a traditionally slow time of the year, with such abroad and school holidays pending, it just seems a logical time to take a break.

What is certain though, I believe, is that the faces are becoming more and more familiar at opens at auctions. There are clearly many people out there who have been looking to buy for a long, long time. Which is even more reason now not to buy just anything to get into the market but rather to hold your and, when the right one comes along, make doubly sure that you are in the box seat to buy it.

Design Smart

KEW, 9 College Pde
KEW, 9 College Pde | Gerald Delany (Kay & Burton)
Passed In: Bought range: $3,135,930 - $3,449,850 - 3 Bidders (Photo: Adam Woledge)
Bidderbuzz Auction
"Always great to turn up to an auction and see Gerald Delany conducting proceedings. No-fuss, respectful and concise with the preamble. In front of a very good crowd of 120 people, a crowd bid of $2,500,000 was offered yet this was rebutted with a vendor bid of $2,900,000. Bidder one entered the fray at $2,910,000 and the auction was off and racing, mainly between 2 bidders. The half-time break was taken at $3,050,000 and then a further bidder come in to play. Not long after the bidding reached $3,120,000 and was passed-in at this level. Interesting property this one - very well renovated home - no question, yet the street is a mixed bag and the Cape-Cod style could have raised questions with some. That all said there is not too much wrong here - the crowd was one of the strongest of the day and there were multiple bidders. Would expect campaign agents Sam Wilkinson and Ross Savas to put this one away in the not too distant future. " (Adam Woledge)

 

Biggest Sale: CANTERBURY, 21 Golding St
James Tostevin (Marshall White); Under Hammer, Bought range: $1,539,195 - $1,693,275 - 2 Bidders

""Nice day for an auction," was the greeting I got as I walked towards 21 Golding and "always a nice day for an auction," was my retort. A quaint little period home in a street that looks straight out of an old Sullivan's TV show greets the crowd of around 60 with the lead actor James Tostevin conducting proceedings. After his usual ebullient spiel on all things connected with this property we are away with a crowd bid of $1,300,000. James calls for rises of $20,000's and bidder 2 obliges but we are quickly into $10,000s And it's on the market at $1,400,000. well done - fair auctioneering and the bidders' respond to this. Bidder 2 is starting to hesitate at $1,460,000 but we still get over $1,500,000 and when the heads start dropping from bidder 2, bidder 1 responds to become the buyer. Another James Tostevin, under the hammer, solid result. " (Mal James)

 

Biggest Pass In: KEW, 9 College Pde
Gerald Delany (Kay & Burton); Passed In: $3,120,000 - 3 Bidders

"Always great to turn up to an auction and see Gerald Delany conducting proceedings. No-fuss, respectful and concise with the preamble. In front of a very good crowd of 120 people, a crowd bid of $2,500,000 was offered yet this was rebutted with a vendor bid of $2,900,000. Bidder one entered the fray at $2,910,000 and the auction was off and racing, mainly between 2 bidders. The half-time break was taken at $3,050,000 and then a further bidder come in to play. Not long after the bidding reached $3,120,000 and was passed-in at this level. Interesting property this one - very well renovated home - no question, yet the street is a mixed bag and the Cape-Cod style could have raised questions with some. That all said there is not too much wrong here - the crowd was one of the strongest of the day and there were multiple bidders. Would expect campaign agents Sam Wilkinson and Ross Savas to put this one away in the not too distant future. " (Adam Woledge)
$1M+ boroondara Featured Auctions
UNDISCLOSED
JAMES HOME RATINGS
BALWYN NORTH: 14 Robert St
14 Robert Street
PASSED IN: $1,220,000
UNDISCLOSED
JAMES HOME RATINGS
CAMBERWELL: 1 Moorhouse St
1 Moorhouse Street
PASSED IN: $1,725,000
UNDISCLOSED
JAMES HOME RATINGS
CANTERBURY: 21 Golding St
21 Golding Street
BOUGHT*: Undisclosed
690
/1000
JAMES HOME RATINGS
CANTERBURY: 43 Wattle Valley Rd
43 Wattle Valley Road
PASSED IN: $1,700,000
700
/1000
JAMES HOME RATINGS
HAWTHORN EAST: 25 Harts Pde
25 Harts Parade
PASSED IN: $1,560,000
635
/1000
JAMES HOME RATINGS
KEW: 7 Byron St
7 Byron Street
PASSED IN: $1,785,000
780
/1000
JAMES HOME RATINGS
KEW: 9 College Pde
9 College Parade
PASSED IN: $3,120,000
UNDISCLOSED
JAMES HOME RATINGS
SURREY HILLS: 760 Canterbury Rd
760 Canterbury Road
PASSED IN: $1,980,000
Stonnington Weekly
boroondara Scheduled Auctions
CANTERBURY
21 Golding Street, CANTERBURY
Bought undisclosed
21 GOLDING STREET
KEW
7 Byron Street, KEW
Bought undisclosed
7 BYRON STREET
BALWYN
41 Winmalee Road, BALWYN
Bought undisclosed
41 WINMALEE ROAD
CAMBERWELL
1 Moorhouse Street, CAMBERWELL
Bought undisclosed
1 MOORHOUSE STREET
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
BALWYN
20 Bevan StreetPassed InPI: $2,425,000
41 Winmalee RoadPassed InPI: $1,400,000
10 Burroughs RoadBought$1,050,000$1,4212012-06-16
BALWYN NORTH
14 Robert StreetPassed InPI: $1,220,000$1,4212012-06-16
CAMBERWELL
4 Glyndon RoadBought$1,300,000$2,6862012-06-16
1 Moorhouse StreetPassed InPI: $1,725,000$2,6862012-06-16
CANTERBURY
21 Golding StreetBoughtUndisclosed2012-06-16
43 Wattle Valley RoadPassed InPI: $1,700,0002012-06-16
GLEN IRIS
16 Nepean StreetBought$1,205,000$2,1632012-06-16
HAWTHORN
23 Elm StreetPassed InPI: $1,675,000$2,1632012-06-16
HAWTHORN EAST
25 Harts ParadePassed InPI: $1,560,000
KEW
121 Brougham StreetBought$1,270,000$4,2472012-06-16
9 College ParadePassed InPI: $3,120,000$4,2472012-06-16
17 Hunter StreetBoughtR: $1,227,520 - $1,350,400$2,016 - $2,2172012-06-16
7 Byron StreetPassed InPI: $1,785,000$2,016 - $2,2172012-06-16
6 White Lodge CourtBoughtR: $1,304,240 - $1,434,800$2,041 - $2,2452012-06-16
1/50 Adeney AvenueBought$1,210,000$3,9412012-06-16
MONT ALBERT
9A Hotham StreetPassed InPI: $1,900,000$3,9412012-06-16
SURREY HILLS
760 Canterbury RoadPassed InPI: $1,980,000$3,9412012-06-16
21 Barton StreetBoughtR: $1,208,340 - $1,329,300$2,031 - $2,2342012-06-16
boroondara Private Sales
BALWYN
12 Henley Street, BALWYN
Bought: undisclosed
12 HENLEY STREET
HAWTHORN EAST
43A Pleasant Road, HAWTHORN EAST
Bought: undisclosed
43A PLEASANT ROAD
CAMBERWELL
36 Lynden Street, CAMBERWELL
Bought: undisclosed
36 LYNDEN STREET
SURREY HILLS
31 Pembroke Street, SURREY HILLS
Bought: undisclosed
31 PEMBROKE STREET
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BALWYN12 Henley StreetUndisclosed
22 Bennett StreetUndisclosed
BALWYN NORTH19A Severn Street$1,200,000$4,000
CAMBERWELL36 Lynden StreetRange: $1,246,700 - $1,371,500$1,751 - $1,926
GLEN IRIS2 Ruskin Court$1,047,000$1,702
HAWTHORN EAST43A Pleasant RoadUndisclosed
4/2 Myrniong GroveRange: $982,975 - $1,081,375$6,342 - $6,977
KEW11 Parkhill Drive$1,090,000$3,019
MONT ALBERT18 St James AvenueRange: $1,198,750 - $1,318,750$2,383 - $2,622
SURREY HILLS31 Pembroke StreetUndisclosed
SURREY HILLS, 760 Canterbury Rd
SURREY HILLS, 760 Canterbury Rd | James Tostevin (Marshall White)
Passed In: Bought range: $2,095,415 - $2,305,175 - 3 Bidders (Photo: Joshua Bong)

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