oc | Monday 30th March

Stonnington



Stonnington Weekly

This week seemed fairly quiet across the board in terms of crowd numbers at Opens and at auctions. Agents were not too enthusiastic about new listings for December and those that I spoke with, were talking up vendors wanting to wait until February to list their properties for sale.

Today the clearance rate for Stonnington was lower than the overall $M market with 57 % but 1.5 was consistent with the overall $M market. Looking forward to the next two weeks when there are far more auctions scheduled than today.

A few sales of note during the week were;

58 Barkly Ave sold under the hammer at a Thursday evening auction (Lachie Fraser- Smith and from & Anthony Grimwade from .) Interestingly, this auction opened with a genuine bid of $1,750m which was $50,000 above the of the quote range. The recent sale of 37 Clarendon St at $1.860m may have influenced vendor and buyers alike here although that was a home with a high emotional wow-factor.

15 Lambeth Ave Armadale (Bill Hegarty from Real Estate Gallery) finally sold during the week after passing in at auction for over $2m a year ago with a different agency. We bought this home for a client.

163 Manning Rd (Anthony Reis from ) also sold during the week after passing in at auction last year (at $1.4m) and again last week  at similar price levels.

MALVERN, 45 Talbot Cr
MALVERN, 45 Talbot Cr | Andrew Hayne (Marshall White)
Passed In: Undisclosed amount - 2 Bidders (Photo: Debbie McTaggart)
Bidderbuzz Auction
"Several families were amongst the crowd which gathered in the side garden of this Malvern property on a cool, spring morning to see if auctioneer Andrew Hayne would find a new owner for the home, just as he had 7 or 8 years previously. After outlining the various living zones and nearby amenities, the house was offered for sale. A vendor bid wasn't required to get things started as a bid of $1,600,000 was soon on the table, only to be beaten seconds later by a second bidder, with $1,625,000 to offer. As the first bidder came back with $1,650,000 and seemingly knocked out the competition, it was time to seek instructions from the vendor, giving potential purchasers the chance to discuss strategy. On return, Andrew Hayne reiterated that the property would be passed in at this price and this was almost enough to tempt the second bidder to make a further bid of an extra $10,000, but it wouldn't have made any difference. A vendor bid of $1,800,000 took the price closer to the vendor's expectations and the first bidder came back with $1,810,000 and secured the opportunity to negotiate for this property as it was passed in." (Debbie McTaggart)

 

Biggest Sale: SOUTH YARRA, 32 Motherwell St
Warwick Anderson (RT Edgar); Under Hammer, $2,026,000 - 3 Bidders

"A crowd of 50, many of whom were neighbours, stood to witness the auction of this Victorian property which stood in the company of many other period homes. In his preamble, auctioneer Warwick Anderson, explained that seven years earlier he had sold the property to the current vendors. A vendor bid of $1,800,000 opened proceedings and Mr Anderson looked for $20,000 rises. A crowd member soon obliged and with a second bidder joining the mix, the momentum gained. Eventually a third bidder joined the mix and the competition intensified. The property was announced on the market at $1,988,000 and with biding continuing, was ultimately bought under the hammer for $2,026,000. The gathered group applauded the new owner." (Kate Agnoleto)

 

Biggest Pass In: TOORAK, 37a Lansell Rd
Andrew Macmillan (Jellis Craig); Passed In: $3,500,000 - 0 Bidders

"This architecturally unique property is not the usual house to be found on this leafy Toorak street and the crowds which gathered were interested to see if auctioneer Andrew MacMillan would find it a new owner. Having been featured in The Age a few weeks back as an outstanding example of contemporary architecture, there was no doubt that interest in who would buy the home was keen. With bidders slow to come forward, Andrew Macmillan checked that those in the crowd knew how the auction process worked, and is often the case, a vendor bid was required to get things started. $3,300,000 was the number and bids of $50,000 were called for, but were not to be heard. A quick chat with the vendor gave potential buyers the chance to imagine themselves living in this contemporary home, but audience participation on the auctioneer's return was scant. A further vendor bid of $3,500,000 failed to fertilise anyone's imagination and the property was passed in." (Debbie McTaggart)
$1M+ stonnington Featured Auctions
698
/1000
JAMES HOME RATINGS
MALVERN: 11 Hunter St
11 Hunter Street
BOUGHT RANGE*: $1,534,400 - $1,688,000
UNDISCLOSED
JAMES HOME RATINGS
MALVERN: 45 Talbot Cr
45 Talbot Crescent
PASSED IN: $1,810,000
717
/1000
JAMES HOME RATINGS
SOUTH YARRA: 9 Macfarlan Pl
9 Macfarlan Place
BOUGHT*: Undisclosed
No report
UNDISCLOSED
JAMES HOME RATINGS
SOUTH YARRA: 32 Motherwell St
32 Motherwell Street
BOUGHT: $2,026,000
UNDISCLOSED
JAMES HOME RATINGS
TOORAK: 37a Lansell Rd
37a Lansell Road
PASSED IN: $3,500,000
Stonnington Weekly
stonnington Scheduled Auctions
SOUTH YARRA
26 Arthur Street, SOUTH YARRA
Passed In $2,000,000
26 ARTHUR STREET
MALVERN EAST
22B Silver Street, MALVERN EAST
Bought $1,290,000
22B SILVER STREET
MALVERN
19 Mcarthur Street, MALVERN
Bought $962,000
19 MCARTHUR STREET
GLEN IRIS
1 Fairview Grove, GLEN IRIS
Bought undisclosed
1 FAIRVIEW GROVE
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
ARMADALE
33 Stuart StreetBought$1,127,000$2,8532012-11-17
GLEN IRIS
1 Fairview GroveBoughtUndisclosed2012-11-17
KOOYONG
3 Sutton StreetBoughtR: $1,870,050 - $2,057,250$3,016 - $3,3182012-11-17
MALVERN
4/383 Glenferrie RoadBoughtUndisclosed2012-11-17
19 Mcarthur StreetBought$962,000$2,5052012-11-17
31A Winter StreetBoughtBought (2012-12-22) - R: $901,460 - $991,700$2,889 - $3,1792012-12-22
45 Talbot CrescentPassed InPI: $1,810,000$2,889 - $3,1792012-12-22
11 Hunter StreetBoughtR: $1,534,400 - $1,688,000$3,190 - $3,5092012-11-17
MALVERN EAST
22B Silver StreetBought$1,290,0002012-11-17
1A Karma AvenueBought$1,211,000$4,3722012-11-17
PRAHRAN
9 High StreetBoughtBought (2012-11-19) - R: $1,497,958 - $1,647,910$2,140 - $2,3542012-11-19
96 Williams RoadPassed InPI: $1,240,000$2,140 - $2,3542012-11-19
SOUTH YARRA
9 Macfarlan PlaceBoughtUndisclosed2012-11-17
26 Arthur StreetPassed InPI: $2,000,000
32 Motherwell StreetBought$2,026,000$3,9652012-11-17
TOORAK
37a Lansell RoadPassed InPI: $3,500,000
15 Lambert RoadBoughtR: $1,764,560 - $1,941,200$3,795 - $4,1752012-11-17
stonnington Private Sales
MALVERN
18 Ethel Street, MALVERN
Bought: undisclosed
18 ETHEL STREET
GLEN IRIS
1 Willoby Avenue, GLEN IRIS
Bought: undisclosed
1 WILLOBY AVENUE
MALVERN EAST
55 Karma Avenue, MALVERN EAST
Bought: $1,650,000
55 KARMA AVENUE
ARMADALE
15 Lambeth Avenue, ARMADALE
Bought: undisclosed
15 LAMBETH AVENUE
ADDRESSBOUGHT PRICEIMPROVED $/SQM
ARMADALE15 Lambeth AvenueRange: $1,874,845 - $2,062,525$5,040 - $5,544
GLEN IRIS 1 Willoby AvenueUndisclosed
MALVERN18 Ethel StreetUndisclosed
MALVERN EAST55 Karma Avenue$1,650,000$2,474
163 Manning RoadRange: $1,333,010 - $1,466,450$2,093 - $2,302
SOUTH YARRA, 32 Motherwell St
SOUTH YARRA, 32 Motherwell St | Warwick Anderson (RT Edgar)
Under Hammer: $2,026,000 - 3 Bidders (Photo: Kate Agnoleto)

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