oc | Thursday 23rd January

Bayside/Port Phillip, Port Phillip



Port Phillip Weekly

Vendors – where are you all? With only two properties listed for auction over $1m in Port Phillip this weekend, there was very little to choose from.

According to Alex Schiavo of Real Estate, we would normally have more stock this time of the year, “but for some reason clients are delaying putting their properties on the market.” However, Alex is hopeful that things could be looking up soon: “Listings are coming and there will be more auction stock to choose from in mid to late September.”

Looking ahead to auctions in Port Phillip later this month, there are six properties over $1m listed for sale on the 11th of August, eight on the 18th and two on the 25th of August.

Buyers are keeping their powder dry until they find the right at the right price, as we saw last weekend, when two properties were withdrawn from auction in (15 Kingsley Street and 38 Byrne Street) only minutes before the auction due to lack of interest. Despite it being a buyer’s market, there is no evidence to suggest buyers are snapping up everything that comes along. In fact it seems to be the opposite case, where buyers seem to be happy to bide their time and wait for that special property that ticks all the right boxes.

The chill in Port Phillip continued this weekend. A pretty double-fronted at 19 Road, , that could do with an upgrade down the track, was passed in under ’s David Wood on a vendor bid of $3,250,000. The other was a basic Mediterranean Villa needing work, a Biggin and Scott property with Claudio Perruzza, that passed in on a vendor bid of $1,400,000.

 

Biggest Sale: BRIGHTON, 1 Baker St
David Hart (Buxton); After Auction, $1,170,000 - 1 Bidders

"Nice little double fronted block Victorian with a modern renovation out back - good feel, perhaps a little compromised by railway being across the road - but it's down in the ground and it would not be a disturbance for many. A solid crowd of around 70 is in attendance to see what the market is doing after the school holiday cobwebs have been dusted off. David Hart is conducting proceedings on this Bert Stewart marketed home. The usual personable, professional, concise opening from David sees us away with a $1,050,000 opening bid. After some padding from David you get the feeling that he and Bert (who is hanging onto the bidder like a coat hanger) think this is all there is in terms of bidders and so, a $1,100,000 vendor bid comes into play. David says it will be the only vendor bid he will make and calls for rises of $20,000. The lone bidder says he will only give $5,000. Perhaps good thinking - shows the agent and vendor that he won’t be led along too easily and its passed in at $1,105,000 – perhaps also by bidding it showed he was above $1,100,000 and could be pushed for more. Sold afterwards for $1,170,000 – that’s a solid jump, so some good post auction agent pressure was applied. Well done to all. " (Mal James)

 

Biggest Pass In: BEAUMARIS, 28 Cromer Rd
James Paynter (Hodges); Passed In: $5,600,000 - 0 Bidders

"This is the biggest auction Beaumaris has seen this year in terms of land, price and quite possibly crowd size. James Paynter from Hodges is conducting proceedings in front of a 100 plus strong crowd which would have to be, almost exclusively, comprised of neighbours and agents. Strangely, James interrupts his opening spiel to let us know that he is looking for a start of around $6,000,000! This raised some muffled laughter and when he returned to complete his spiel, he ended with "Over to you." This was not the greatest start to an auction - the number $6,000,000 was suggested again and all it really showed was how quiet it is in this area. A half time break was taken - the momentum just didn't feel like it was there - the number suggested had hit the crowd hard and consequently, it felt over before it started. As a home, 28 Cromer is a great one, over an acre in the old money and with a beautiful 1880 classic Victorian whose quality has been partially hidden over the years by a few less than sympathetic renovations - but the bones are still well and truly there. There is no doubt this is an iconic and rare offering and despite the fact that some of the outer parts of this grand lady's skirt have been hived off to other buyers she still has something to offer - a classic country home near the beach and close to the city. Anyway, enough of my thoughts - after half time a $5,600,000 vendor bid is put in and in the end, zippo for now. Passed-in. Good home – should sell. " (Mal James)
$1M+ bayside/port phillip Featured Auctions
717
/1000
JAMES HOME RATINGS
ALBERT PARK: 19 Canterbury Rd
19 Canterbury Road
PASSED IN: $3,250,000
772
/1000
JAMES HOME RATINGS
BEAUMARIS: 28 Cromer Rd
28 Cromer Road
PASSED IN: $5,600,000
UNDISCLOSED
JAMES HOME RATINGS
BEAUMARIS: 26 Deauville St
26 Deauville Street
PASSED IN: $1,900,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 1 Baker St
1 Baker Street
BOUGHT: $1,170,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 190 Church St
190 Church Street
PASSED IN: $2,800,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 99 Martin St
99 Martin Street
PASSED IN: $2,250,000
UNDISCLOSED
JAMES HOME RATINGS
SANDRINGHAM: 157 Abbott St
157 Abbott Street
PASSED IN: $1,100,000
UNDISCLOSED
JAMES HOME RATINGS
SANDRINGHAM: 58 Harold St
58 Harold Street
PASSED IN: $1,010,000
Stonnington Weekly
port phillip Scheduled Auctions
ST KILDA
9 Baker Street, ST KILDA
Passed In $1,400,000
9 BAKER STREET
ALBERT PARK
19 Canterbury Road, ALBERT PARK
Passed In $3,250,000
19 CANTERBURY ROAD
bayside Scheduled Auctions
HAMPTON EAST
13 Oswald Thomas Avenue, HAMPTON EAST
Bought $1,100,000
13 OSWALD THOMAS AVENUE
BRIGHTON
190 Church Street, BRIGHTON
Passed In $2,800,000
190 CHURCH STREET
BRIGHTON
99 Martin Street, BRIGHTON
Bought $2,450,000
99 MARTIN STREET
SANDRINGHAM
58 Harold Street, SANDRINGHAM
Bought $1,078,000
58 HAROLD STREET
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
BEAUMARIS
26 Deauville StreetPassed InPI: $1,900,000
28 Cromer RoadPassed InPI: $5,600,000
BRIGHTON
190 Church StreetPassed InPI: $2,800,000
99 Martin StreetPassed InPI: $2,250,000
1 Baker StreetBought$1,170,000$3,1622012-08-04
HAMPTON EAST
13 Oswald Thomas AvenueBought$1,100,000$1,6792012-08-04
SANDRINGHAM
157 Abbott StreetPassed InPI: $1,100,000
58 Harold StreetPassed InPI: $1,010,000
ALBERT PARK
19 Canterbury RoadPassed InPI: $3,250,000
ST KILDA
9 Baker StreetPassed InPI: $1,400,000
bayside Private Sales
BRIGHTON
12 Normanby Street, BRIGHTON
Bought: undisclosed
12 NORMANBY STREET
BRIGHTON
4 Avonbury Court, BRIGHTON
Bought: undisclosed
4 AVONBURY COURT
port phillip Private Sales
PORT MELBOURNE
11 Princes Street, PORT MELBOURNE
Bought: undisclosed
11 PRINCES STREET
bayside Private Sales
BRIGHTON
7/4 Were Street, BRIGHTON
Bought: undisclosed
7/4 WERE STREET
REPORTED BAYSIDE PRIVATE SALES
REPORTED PORT PHILLIP PRIVATE SALES
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BRIGHTON4 Avonbury CourtRange: $1,678,250 - $1,846,250$2,527 - $2,780
12 Normanby StreetRange: $3,164,700 - $3,481,500$4,231 - $4,654
7/4 Were StreetRange: $1,294,650 - $1,424,250$303 - $333
9 Lewis Street$965,000$2,933
PORT MELBOURNE11 Princes StreetRange: $1,102,850 - $1,213,250$6,127 - $6,740
ST KILDA WEST120 Park StreetUndisclosed
BRIGHTON, 1 Baker St
BRIGHTON, 1 Baker St | David Hart (Buxton)
After Auction: $1,170,000 - 1 Bidders (Photo: Mal James)

Subscribe to our Market News Newsletter


Tags: , , , , , ,


Inside James Market News