3 Chrystobel Crescent Hawthorn (Grace Park). Sold under the hammer today by Desiree Wakim for $7,400,000 – 2 bidders – no change in the home from 2020 when it sold for $4,850,000 with the same agent
With the July/August Market feeling very different to the June Market, the next 100 auction test beginning August 26 will be compulsory viewing for all those buying and selling who have money on their mind.
Today Gina, Mal and the team at James Buy Sell bought for clients a very special home at auction, 25 Hawthorn Grove Hawthorn. Price Quote was $6,800,000 to $7,300,000. On Market at $7,500,000. Sold $8,020,000. 4 Bidders. Crowd over 100.
Below are our James Buy Sell rating, provenance, and due diligence, some correspondence, valuations, and thoughts the day before and on the day of the auction.
Stay tuned to Marketnews and find out what the market is really doing NOW – not what it was doing historically, several months ago.
Getting it right is 10%!
In the past month, we have successfully completed five stunning renovations in Elwood, Brighton, and Glen Iris—all of them under $500,000.
CEO Simone Clarke out today with Zali Reynolds at a James Buy Sell Multi-agent off market in Glen Iris. Good numbers through this home so far on the back of a great result Simone managed (multi-agent, off market) at Bella Vista Glen Iris in late June.
We ended this week with three buy-sell transactions, exceeding $20 million in total. Notably, two of these were off-market deals, and all three involved multiple agents, with two in Kew and one in Toorak. As we head into the mid-year break, this week stands out as a positive period in both the calendar and financial year.
The market is experiencing consistent growth across all sectors, although not always apparent or uniform. Nevertheless, prices are on the rise.
Overall the market has spoken and it is up but volatile. With a huge difference between the Inner East and the rest of the Top End auction suburbs
Normally we say nothing – privacy – but somebody else splashed it all over the papers. In 2021 we bought for our client. This week sold for a $4m gross profit in 2 years. Same home, same agent. In fact same clients we acted for on another $4m+ profit Toorak home previously. That’s a +20% uplift as the Toorak market dropped 10%.
See how the Top End Market has been performing.
Are you serious councillors, or is this a misprint in The Age (Adam Carey Nov 14)
“Boroondara (all 11 councillors) said it opposed the government’s decision to give residents the freedom to build secondary homes – or granny flats – on their properties without a planning permit, raising concerns about neighbourhood character, amenity and car parking.”
Market in a Minute: Spring M32023: Melbourne’s $2m+ housing market sees decreased auction transparency with only 20% selling under the hammer. Prices slightly retreat, particularly for B and C graders. Inner East remains a hotspot due to Aussie Asian demand, while Bayside and Stonnington face challenges. Market unpredictability is evident as buyer urgency has left all but the Inner East.
Mal, what do you mean Volatile market?
You know that fiery girlfriend or boyfriend you are showing up for and you don’t know whether it’s going to be a great date or a disaster – that’s a volatile market.
It’s a risk. Do you go to the party, risk a public flop but increase your chances of getting lucky or do you stay home and text where it’s safe, but not much can happen – that’s a volatile strategy choice – auction or sit tight.
Every Monday, keep up to date on Top End News from Hawthorn to Toorak to Brighton to Albert Park and all of Top End Melbourne.
“Mal, what’s wrong with me? What’s wrong with my agent?
What’s wrong with my property as a seller?
Why am I always missing out as a buyer?
Buy Sell works. Late last year, our clients approached us, expressing their desire to discontinue a renovation project. Despite their home being halfway demolished since purchase two years prior, we managed to sell it for more than we initially paid, when we bought it for them. Simultaneously, we facilitated the purchase of a move-in ready property with potential for improvement or the option to retain its current state, all while putting money back into their pockets.
At the Top End we continue to feel positive about where the market could be going, after the conclusion of our 3rd and final week of the 100 Auction Test (2024M1 – Opening).
Overall, the market eased upwards during February buts really its line ball – on the edge – results are patchy and volatile, and the market is still punishing mistakes.
The good news is the Bidderman freefall of 2023M4 – Pre Xmas has been arrested.
All the stats and today’s action below, including a last one standing s…fight at Mary Street, Grace Park on Monday, which went past $14m, $16m and $18m on the fly.
Our proprietary rating system includes a detailed analysis of each property’s pros and cons and a buying recommendation, empowering you to make an informed decision.
HAWTHORN 25 Hawthorn Gr
SOUTH MELBOURNE 30-31 Howe Cres
ASPENDALE 73 Nepean Highway
SANDRINGHAM 19 Kirkwood Ave
GLEN IRIS 6 Irymple Ave
SORRENTO 17 Hiskens St
SOUTH YARRA 28 Ralston St
Interactive Map of home bought and sold by James Buy Sell – click to explore
Ali and Craig Tiley had relocated to Melbourne from the US and were unfamiliar with the local property market. They were looking for support to demystify the Australian way of buying and selling property which is very different to the US model they knew.
We developed a shortlist of potential homes and a buy recommendation. By encouraging them to look beyond initial impressions and consider the inherent value of the home they chose to purchase, Ali and Craig were able to buy into a premium Brighton location two minutes from the action.
Get in touch with James Buy Sell today for a confidential discussion about your next real estate move.
During a confidential initial phone call, we’ll learn about you and what you’re looking to achieve, take you through our full-service approach, and explain how we achieve results others can’t.
Call us on 03 9804 3133 or leave your details below and we’ll be in touch.
