oc | Monday 30th March

Bayside/Port Phillip, Port Phillip



Port Phillip Weekly

There were only five $1m plus auctions in Port Phillip this weekend. So I compared it with the same weekends in 2011 and 2010. It turns out there were 13 auctions scheduled for those weekends, representing a decline of about 38%. To get some on where the real estate market is heading I spoke to Andrew Macmillan from Real Estate who said “this market will be with us for some time to come and buyers and vendors alike will have to adjust their thinking.”

If you are looking for a project, Michael Szulc from Geoff Cayzer Real Estate has just listed 75 St Vincent Place : a two storey terrace on approximately 480 sqm of in one of Melbourne’s most highly regarded streets. Price expectations are in the high two millions, advertising campaign will start shortly.

This week I was in the city and got a quick bite to eat in Centre Place (just off Flinders Lane) it was an eclectic world of little shops and cafes surrounded by graffiti. The place was on fire and had an amazing buzz for such an offbeat location.

 

 

Biggest Sale: BRIGHTON, 17 Chelsea St
Peter Kennett (Hocking Stuart); After Auction, Bought range: $2,601,288 - $2,861,688 - 1 Bidders

"As the north sun peeped through the fog, the crowd of 70 waited patiently for auctioneer Peter Kennett to commence the auction. Running late from another auction didn't stop him from taking his time to espouse the benefits of this prime location and then enjoying some banter with a very young blues supporter in the crowd. A lengthy delay to the start of the auction yes, but at least Peter was entertaining! Anyway, back to the real reason we were here - the auction started with a vendor bid of $2,600,000 and was passed in to a crowd bidder soon after. Bought after auction for an undisclosed amount. " (Gina Kantzas)

 

Biggest Pass In: BEAUMARIS, 493 Balcombe Rd
Steve Tickell (Hocking Stuart); Passed In: $3,050,000 - 0 Bidders

"This auction was a quiet affair. Very quiet indeed! Three large blocks with hill top views, but not a single bid for any of them. In the small crowd of barely 20 people there were several builder/developer types and perhaps they will contact Hocking Stuart after the auction. After the usual preliminaries were completed, Steve Tickell declared that the three blocks would be sold separately and he invited bids for No. 497. No bids resulted so Steve passed in the block on a vendor bid of $1,000,000. The same thing happened with No 495 which was also passed in on a vendor bid of $1,000,000. The third block, No. 493, slightly larger, produced no bids and this was also passed in on a vendor bid but for $1,050,000. " (David James)
$1M+ bayside/port phillip Featured Auctions
615
/1000
JAMES HOME RATINGS
ALBERT PARK: 46 OGrady St
46 OGrady Street
BOUGHT RANGE*: $973,385 - $1,070,825
UNDISCLOSED
JAMES HOME RATINGS
BEAUMARIS: 493 Balcombe Rd
493 Balcombe Road
PASSED IN: $3,050,000
UNDISCLOSED
JAMES HOME RATINGS
BEAUMARIS: 28 Gramatan Av
28 Gramatan Avenue
BOUGHT: $0
No report
762
/1000
JAMES HOME RATINGS
BRIGHTON: 17 Chelsea St
17 Chelsea Street
BOUGHT*: Undisclosed
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 23 Gray St
23 Gray Street
BOUGHT: $0
No report
608
/1000
JAMES HOME RATINGS
BRIGHTON: 34 Head St
34 Head Street
PASSED IN: $2,200,000
758
/1000
JAMES HOME RATINGS
BRIGHTON: 38 Laburnum St
38 Laburnum Street
PASSED IN: $1,650,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 52 Well St
52 Well Street
PASSED IN: $1,900,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON EAST: 5 Roosevelt Ct
5 Roosevelt Court
PASSED IN: $2,200,000
UNDISCLOSED
JAMES HOME RATINGS
ELWOOD: 58 Foam St
58 Foam Street
PASSED IN: $1,700,000
Stonnington Weekly
port phillip Scheduled Auctions
ELWOOD
58 Foam Street, ELWOOD
Bought undisclosed
58 FOAM STREET
ST KILDA
102 Inkerman Street, ST KILDA
Not Reported
102 INKERMAN STREET
ALBERT PARK
46 OGrady Street, ALBERT PARK
Bought undisclosed
46 OGRADY STREET
PORT MELBOURNE
96 Ross Street, PORT MELBOURNE
Passed In $960,000
96 ROSS STREET
bayside Scheduled Auctions
BRIGHTON
52 Well Street, BRIGHTON
Passed In $1,900,000
52 WELL STREET
BRIGHTON
63 South Road, BRIGHTON
Bought $1,600,000
63 SOUTH ROAD
HAMPTON
29 Mills Street, HAMPTON
Bought $1,695,000
29 MILLS STREET
BEAUMARIS
28 Gramatan Avenue, BEAUMARIS
Bought $1,170,000
28 GRAMATAN AVENUE
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
BEAUMARIS
7 Hepburn AvenueBoughtBought (2012-07-04) - $1,082,250$1,4172012-07-04
28 Gramatan AvenueBought$1,170,000$1,5502012-06-02
493 Balcombe RoadPassed InPI: $3,050,000
BRIGHTON
34 Head StreetPassed InPI: $2,200,000
4 Montrose AvenuePassed InPI: $1,180,000
52 Well StreetPassed InPI: $1,900,000
17 Chelsea StreetBoughtUndisclosed2012-06-02
38 Laburnum StreetBoughtUndisclosed2012-06-02
63 South RoadBought$1,600,000$2,0782012-06-02
10B Hartley StreetPassed InPI: $1,885,000$2,0782012-06-02
23 Gray StreetBought$1,820,000$2,8622012-06-02
BRIGHTON EAST
47 Grant StreetBoughtR: $1,160,390 - $1,276,550$3,672 - $4,0402012-06-02
240 North RoadBoughtR: $1,217,930 - $1,339,850$2,183 - $2,4012012-05-30
6 Davies StreetPassed InPI: $1,300,000$2,183 - $2,4012012-05-30
69 Union StreetBoughtUndisclosed2012-06-02
5 Roosevelt CourtPassed InPI: $2,200,0002012-06-02
HAMPTON
29 Mills StreetBought$1,695,000$1,9622012-06-02
ALBERT PARK
46 OGrady StreetBoughtR: $973,385 - $1,070,825$5,659 - $6,2262012-06-02
ELWOOD
58 Foam StreetPassed InPI: $1,700,000$5,659 - $6,2262012-06-02
PORT MELBOURNE
96 Ross StreetPassed InPI: $960,000
ST KILDA
102 Inkerman StreetNot Reported
port phillip Private Sales
ST KILDA
18 Acland Street, ST KILDA
Bought: $1,300,000
18 ACLAND STREET
bayside Private Sales
BRIGHTON
2/10 Sandown Street, BRIGHTON
Bought: undisclosed
2/10 SANDOWN STREET
BRIGHTON
76 South Road, BRIGHTON
Bought: $2,000,000
76 SOUTH ROAD
BRIGHTON
23 Gray Street, BRIGHTON
Bought: $1,820,000
23 GRAY STREET
REPORTED BAYSIDE PRIVATE SALES
REPORTED PORT PHILLIP PRIVATE SALES
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BEAUMARIS55 Fourth StreetRange: $906,255 - $996,975$3,699 - $4,069
BRIGHTON2/10 Sandown StreetRange: $1,630,300 - $1,793,500$361 - $397
76 South Road$2,000,000$2,999
38 Laburnum StreetUndisclosed
23 Gray Street$1,820,000$2,862
BRIGHTON EAST240 North RoadRange: $1,217,930 - $1,339,850$2,183 - $2,401
PORT MELBOURNE184 Ross Street$1,025,000$7,428
ST KILDA18 Acland Street$1,300,000$6,566
BRIGHTON, 17 Chelsea St
BRIGHTON, 17 Chelsea St | Peter Kennett (Hocking Stuart)
After Auction: Bought range: $2,601,288 - $2,861,688 - 1 Bidders (Photo: Gina Kantzas)

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