oc | Thursday 12th December

Low Stock Auctions today – but a huge fortnight ahead!

Big crowd at 90 Edgevale Road Kew; Campbell Ward; Bought After Auction; $2,565,000; Volcano - 5 bidders

Big crowd at 90 Edgevale Road, ; Campbell Ward; Bought After Auction; $2,565,000; Volcano – 5 bidders

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The market continues to rock along (increase in Bidderman to 2.8). Look at the volcanoes today and we are coming into two huge weekends of action. Bidderman is defying gravity, by actually rising in a stock increasing market. However, lets see how Bidderman the Superhero goes next week and Super Saturday the following week.

Speaking of stock – how thick was The Weekly Review this last week – if you can’t find something to excite right now then mmmm … are you really looking? Of course excitement is one thing – solidifying that excitement into a purchase is another.

values are continuing to rise – that is, blocks with homes you can bulldoze in prime precincts, in prime suburbs, are like helium balloons in 2015. If you want a new home, you are looking at paying up to 50% more for that now than 24 months ago. There is nothing hotter than right now – nothing, not even Hawthorn!

If you are looking for something a lot cooler – perhaps as cool as the Eagles – then try Apartments. Oversupply, sluggish, stagnant prices is the matching vocabulary for this property type.

One bidder is all it takes sometimes, Oliver Bruce works his buyer nicely from a lone opening bid of $1,720,000 to an agreed result at $1,775,000. 32 Meredith Elwood.

One bidder is all it takes sometimes. Oliver Bruce works his buyer nicely from a lone opening bid of $1,720,000 to an agreed result at $1,775,000. 32 Meredith, .

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9 Tahara Road, (Gerald Delany, Kay & Burton), $4,905,000, under hammer, 4 bidders

4 Crossakiel Court, Hawthorn (Campbell Ward, Jellis Craig), $3,560,000, under hammer, 6 bidders

2 Bennett Street, Deepdene (Maurice Di Marzio, Hocking Stuart), $2,910,000, under hammer, 6 bidders

Hey what a relief to read the market is easing. Is that what you think Gerald?  9 Tahara Road Toorak - Volcano (4 bidders) - $4,905,000 or  land value of  $7,000 per sq metre. Off market round the corner just sold confirming that $ per sqm number.

Hey what a relief to read the market is dropping! Is that true? What do you think Gerald? 9 Tahara Road Toorak – Volcano (4 bidders) – $4,905,000 or land of $7,000 per sq metre. Off market round the corner just sold confirming that $ per sqm number for smaller blocks in Prime Toorak.

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20 Eildon Road, St Kilda (Kaine Lanyon, Marshall White), $2,350,000, under hammer, 7 bidders

24 Washington Avenue, Malvern East (John Morrisby, Jellis Craig), $1,921,000, under hammer, 5 bidders

18 Lambeth Place, St Kilda (Leonard Persichetti, Rodney Morley Persichetti), $1,555,000, under hammer, 5 bidders

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24 Olive Street, Malvern East $2,020,000, passed in, 1 bidder

25 Torrington Street, Canterbury $2,000,000, passed in, 0 bidders

2 Findon Street, Hawthorn $2,000,000, passed in, 0 bidders

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