oc | Thursday 23rd January

Boroondara



Boroondara Weekly

It was a reasonable weekend in Boroondara and the 86% clearance rate certainly indicates that good properties will attract good competition, and that even those that are not so good will sell, as long as they priced correctly. Numbers have been very good at most opens and auctions but, then again, the pickings are slim.

We attended seven auctions and six of these sold on the day. The standout auction for me was 2 Nicholson Street in East (Judy Balloch, Kay & Burton). The crowd was huge at this auction and auctioneer directed bidding traffic well, drawing every last bid out of each of the six bidders. It just shows the importance of ‘feel’ in a home: this one had it in spades and the fundamentals were good. It also pays to get a good architect or interior designer involved. I have seen many homes in recent months with plenty of WOW but devoid of any real thought or substance.

Other auctions that we monitored, which are essentially ‘ sales’, were:

13 Edward Street, (Richard Winneke, ) sold for $2,200,000, equating to $3670/m2. Block width (24.5m) no doubt was a factor here – a very strong result, no question about that.

14 Courang Road, (Richard Kerr, Tim Dwyer Real Estate) sold for $1,364,000, equating to $1515/m2. Again, the frontage was good here at 21m. This is consistent with other recent sales in nearby Rosedale Road (no.s 64 and 10, which were around about 800m2, selling for $1,226,000 & $1,300,000 respectively in the past few months).

Stock is tight, and looks to remain this way in September. Most would notice that the best selling agents are greeting you at the door at the opens of these properties at the moment rather than junior staff – a sign of the times. The two Tostevin brothers (James and Hamish) were at a few properties together this week and they have some very good listings.

According to two selling agents that I spoke to late Saturday (Scott Patterson & Richard Winneke), numbers are very strong at opens and properties are selling well, if priced right. Richard mentioned to me that there has been strong enquiry/ in recent weeks for upper-end properties in Kew in particular. We can understand this, as there really has not been much sold in that realm this year. Another factor on many buyers’ radars is getting a in time for the 2013 school year. Even more reason to make good decisions, we would say, rather than rush in and buy a home that is not a good one.

Design smart,

Architect Adam

HAWTHORN EAST, 2 Nicholson St
HAWTHORN EAST, 2 Nicholson St | Scott Patterson (Kay & Burton)
Under Hammer: Bought range: $2,037,875 - $2,241,875 - 6 Bidders (Photo: Adam Woledge)
Bidderbuzz Auction
"There was a genuine buzz at this auction and for good reason; the property had a lovely feel and in a market where the pickings are slim, this was always going to attract reasonable interest. In front of a very good crowd of around 130 people, auctioneer Scott Patterson and campaign agent Judy Balloch did a great job in navigating the hefty bidding traffic and it was good to see that no vendor bids or half-time breaks were needed. Opening quickly at $1,600,000, the property was announced on the market at $1,850,000 and then sold under the hammer for a very solid price. The plot - 6 bidders in all - 2 enthusiastic bidders provided a start, 2 hopeful bidders entered in the middle but 2 confident bidders ended the showdown. " (Adam Woledge)

 

Biggest Sale: HAWTHORN EAST, 18 Clive Rd
Scott Patterson (Kay & Burton); Under Hammer, $2,005,000 - 3 Bidders

"A large, sprawling crowd gathered in the sunshine as auctioneer Scott Patterson rolled through a long list of pluses for this property, including that it was the home of an award-winning builder. He didn’t have to wait long for the bidding to start as a crowd bid of $1,500,000 came swiftly. However, this was quickly trumped by a vendor bid of $1,700,000 by Mr. Patterson. Another bidder entered the fray and these two bidders then engaged in a tussle. After the half time break, the action picked up where it left off. A third bidder surprised everyone and helped shift the price quickly into the $1,900,000s. With the price a tick over $2,000,000 and bidder 3 in the box seat, a lengthy three-quarter time break was called. Mr. Patterson returned to announce the property 'on the market’ but no more bidding followed. There was a big round of applause however, as the home was sold under the hammer. " (Randall Smith)

 

Biggest Pass In: SURREY HILLS, 113 Middlesex Rd
Doug McLauchlan (Marshall White); Passed In: $1,742,500 - 3 Bidders

"Doug McLauchlan is the auctioneer in front of a crowd of 40 for this very solid family home. After a descriptive spiel, the auction was under-way with a 'cheeky' opening crowd bid of $1,420,000. Not long after a vendor bid of $1,600,000 was called, and the original bidder responded just as quickly with a $20,000 rise. In any case, another bidder and then another joined in and at $1,730,000 the half-time break was taken. Not too much happened from here, and the property passed in for $1,742,500 to the original bidder. We await a result." (Adam Woledge)
$1M+ boroondara Featured Auctions
UNDISCLOSED
JAMES HOME RATINGS
BALWYN: 34 Power St
34 Power Street
BOUGHT RANGE*: $1,304,240 - $1,434,800
634
/1000
JAMES HOME RATINGS
HAWTHORN EAST: 9 Carlyle St
9 Carlyle Street
BOUGHT RANGE*: $1,481,655 - $1,629,975
688
/1000
JAMES HOME RATINGS
HAWTHORN EAST: 18 Clive Rd
18 Clive Road
BOUGHT: $2,005,000
707
/1000
JAMES HOME RATINGS
HAWTHORN EAST: 2 Nicholson St
2 Nicholson Street
BOUGHT RANGE*: $2,037,875 - $2,241,875
614
/1000
JAMES HOME RATINGS
HAWTHORN EAST: 30a Tourello Av
30a Tourello Avenue
BOUGHT: $1,370,000
UNDISCLOSED
JAMES HOME RATINGS
KEW EAST: 28 Irymple Av
28 Irymple Avenue
BOUGHT: $1,305,000
580
/1000
JAMES HOME RATINGS
MONT ALBERT: 6 Curlewis St
6 Curlewis Street
PASSED IN: $1,299,000
Stonnington Weekly
boroondara Scheduled Auctions
HAWTHORN EAST
18 Clive Road, HAWTHORN EAST
Bought $2,005,000
18 CLIVE ROAD
KEW
28 Young Street, KEW
Bought undisclosed
28 YOUNG STREET
KEW
38 Macartney Avenue, KEW
Bought undisclosed
38 MACARTNEY AVENUE
HAWTHORN
9 Wellesley Road, HAWTHORN
Bought $2,510,000
9 WELLESLEY ROAD
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
BALWYN
34 Power StreetBoughtR: $1,304,240 - $1,434,800$1,725 - $1,8982012-08-04
13 Raynes StreetBought$1,690,000$2,7392012-08-04
BALWYN NORTH
26 Cascade StreetBoughtR: $1,156,554 - $1,272,330$1,383 - $1,5222012-08-04
13 Corona StreetBought$1,725,000$2,0992012-08-04
CAMBERWELL
61 Cooloongatta RoadBoughtR: $1,275,470 - $1,403,150$1,827 - $2,0102012-08-04
CANTERBURY
161 Prospect Hill RoadBoughtR: $1,208,340 - $1,329,300$3,051 - $3,3572012-08-04
GLEN IRIS
14 Courang RoadBought$1,364,000$1,5162012-08-04
168 Glen Iris RoadBoughtR: $1,078,875 - $1,186,875$1,694 - $1,8632012-08-04
69 Pascoe StreetBoughtR: $832,412 - $915,740$1,338 - $1,4722012-08-04
HAWTHORN
9 Wellesley RoadBought$2,510,000$2,2432012-08-04
HAWTHORN EAST
30a Tourello AvenueBought$1,370,000$2,9152012-08-04
9 Carlyle StreetBoughtR: $1,481,655 - $1,629,975$2,308 - $2,5392012-08-04
2 Nicholson StreetBoughtR: $2,037,875 - $2,241,875$2,949 - $3,2442012-08-04
18 Clive RoadBought$2,005,000$2,6842012-08-04
KEW
28 Young StreetBoughtR: $1,553,580 - $1,709,100$2,229 - $2,4522012-08-04
13 Edward StreetBought$2,200,000$3,6672012-08-04
38 Macartney AvenuePassed InPI: $1,000,000$3,6672012-08-04
KEW EAST
28 Irymple AvenueBought$1,305,000$1,8802012-08-04
MONT ALBERT
6 Curlewis StreetPassed InPI: $1,299,000$1,8802012-08-04
SURREY HILLS
7 Boronia StreetBought$1,178,000$1,4092012-08-04
113 Middlesex RoadNot ReportedPI: $1,742,500
boroondara Private Sales
BALWYN NORTH
8 Ajana Street, BALWYN NORTH
Bought: undisclosed
8 AJANA STREET
BALWYN
134 Belmore Road, BALWYN
Bought: undisclosed
134 BELMORE ROAD
KEW
61-63 Alfred Street, KEW
Bought: undisclosed
61-63 ALFRED STREET
BALWYN NORTH
6 Wandeen Street, BALWYN NORTH
Bought: $1,060,000
6 WANDEEN STREET
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BALWYN134 Belmore RoadUndisclosed
BALWYN NORTH8 Ajana StreetRange: $1,313,830 - $1,445,350$1,764 - $1,940
6 Wandeen Street$1,060,000$1,368
KEW61-63 Alfred StreetRange: $5,178,600 - $5,697,000$2,483 - $2,731
SURREY HILLS760 Canterbury RoadRange: $2,095,415 - $2,305,175$1,779 - $1,957
KEW EAST, 28 Irymple Av
KEW EAST, 28 Irymple Av | James Tostevin (Marshall White)
After Auction: $1,305,000 - 3 Bidders (Photo: Adam Woledge)

Subscribe to our Market News Newsletter


Tags: , , , , , , ,


Inside James Market News