non stick

by Gina Kantzas and Mal James

Saturday, November 12th, 2022

What we are seeing and feeling in this market 2022 M4 – the last major public one before Christmas, is a repeating of the waves and vibe of 2022 M3 – it started with an uplift and slid down into a hole of indifference.

In that $2m to $6m range we frankly don’t feel much more excited than you lot seemingly do – there is not an abundance of good stock – why would there be – the smarter sellers with the A-grades are holding off where they can – but when the home is good and priced right, the market is still ticking over, albeit at different revs geographically.

In Boroondara in the $2m-$6m range – the middle market of the Top End – it’s close to rocking – it really is and has been the stronger market for some time now.

In Stonnington the market is…………well………we can’t find it…………seems we went out for a coffee a few months ago and when we came back the market had gone………. poof……..like a puff of cigar smoke on a windy day……..you can still smell it somewhere, but for the life of us we can’t see it.

And by the Bay (Bayside and Port Phillip) the auctions are as cold as an icebergers in July, only it’s November, and bidders are harder to find than their goolies on those July days.

Black Rock, 43 Seaview Crescent SOI: $2,400,000 – $2,500,000

Sales Agent: Richard Slade – Buxton Crowd: 70

Opening Bid: $2,350,000 VB Passed In: $2,400,000 VB After Auction: $undisc

Bidders: 0 Photo: Catherine

OCT 22

BIDDERMAN 1.2

STOCK MEDIUM

CLEARANCE 76%

NOV 12

BIDDERMAN 1.2

STOCK LOW

CLEARANCE 61%

BIDDERMAN

19 in 31

1 in 31

Bidders – aren’t we a fickle lot? Well, we are right now, and hence our headline – non-stick.

You know, like an egg or for the vegans, a piece of tofu that slides off your brand-new fry pan, as soon as there’s a little heat applied – trouble for some sellers, is buyers are missing the toast and going straight to the floor if they don’t like the number they hear or see.

A buyer’s market? It’s not that it’s great for buyers – or else there would be a lot more buying – it means that the market price is being set by buyers – the last time was 2018 – it’s a rare occurrence in Melbourne – only a few times in the last 20 years.

Bidderwoman is at 1.2 per auction today across the 31 auctions we covered in this our 2^nd of our final 3-week 100 auction test for 2022. Only 1 volcano – 1 runaway auction in terms of bidding numbers from 31.

How does that song go? 1 is the loneliest number…… Not true – 0 is, for the seller. Today there were 8 Woodys (0 bidders) in 31 auctions. Why were you auctioning?

The most common number of bidders at auctions today was 1 – the Loner – 11 auctions had only 1 bidder – meaning they weren’t really auctions at all – what they consisted of was one buyer setting the price publicly for the seller (well that’s the theory).

Hence the real meaning of a buyer’s market – because there is no alternative for the seller – the buyer is setting the price. Well, he or she thinks they are – but let’s not let truth get in the way of a good story – a story for another day that is.

$5 MILLION

Since our last Marketnews on October 22 there have been 25 sales recorded over $5m so far, now there will have been more, but we’ve recorded 25.

A couple of interesting points.

4 have been in HAWTHORN EAST, 4 in KEW and 3 in CANTERBURY supporting the stats that Boroondara is easily the hottest of the TOP END markets right now.

Another interesting point is for all the doom and gloom, there actually have been 25 over $5m. However for the same period last year (coming out of Lockdown) there were 95 – of course, there will be a lag for results coming in but wow the activity, on one hand, is more than you may have expected but feels and is, a lot less than last year.

Finally, 7 were at auction and 18 were off the street at EOI’s and private sales. Not all the action is in front of you on a Saturday arvo.

Glen Iris, 11 Kerferd Road SOI: $3,200,000 – $3,500,000

Sales Agent: Jesse Matthews – Marshall White Crowd: 60

Opening Bid: $3,200,000 VB Passed In: $3,650,000 After Auction: $3,665,000

Bidders: 4 Photo: Kieran

Bayside & Port Phillip Live!

by Gina Kantzas and Mal James

Albert Park Brighton Brighton East Elsternwick Elwood Hampton Middle Park

Brighton East, 31 Lucas Street SOI: $2,950,000 – $3,200,000

Sales Agent: Angus Graham – Hodges Crowd: 100

Opening Bid: $3,000,000 VB On the Market: $3,220,00 Hammer: $3,299,000

Bidders: 3 Photo: Catherine

NOV 12

BIDDERWOMAN 0.6

STOCK LOW

CLEARANCE 36%

ROLLING

BIDDERMAN 0.8

STOCK LOW

CLEARANCE 62%

Bayside Auctions - Oct 22

Brighton, 31 Warleigh Grove

SOI: $2,900,000 – $3,100,000

Sales Agent: Johnny Clarkson – Buxton

Before Auction: $undisc

Bidders: 1

Albert Park, 63 St Vincent Place South

SOI: $6,700,000 – $7,000,000

Sales Agent: Simon Gowling – Jellis Craig

Before Auction: $undisc

Bidders: 1

Hampton, 48 Service Street

SOI: $2,800,000 – $2,950,000

Sales Agent: Jenny Dwyer – Belle Property

Crowd: 40

Opening Bid: $2,700,000 VB

Passed in: $2,700,000 VB

After Auction: $2,820,000

Bidders: 0

40 or so damp attendees, unfortunately no bids and the property opened and closed on a vendor bid of $2,700,000.

Elwood, 3 Knight Street

SOI: $3,000,000 – $3,300,000

Sales Agent: Stephen Smith – Marshall White

Crowd: 45

Opening Bid: $3,700,000

On the Market: $3,700,000

Under the Hammer: $3,700,000

Bidders: 1

Middle Park, 355 Danks Street

SOI: $2,700,000 – $2,900,000

Sales Agent: Pil Minerth – Jellis Craig

Crowd: 30

Opening Bid: $2,800,000 VB

On the Market: $3,070,000

Under the Hammer: $3,170,000

Bidders: 2

A vendor bid of $2,800,000 was placed at the start of the auction. Two bidders entered a back and fourth biding. Shortly after the property was on the market at $3,070,000 and sold under hammer for $3,170,000.

Brighton, 13 Huntingfield Road

SOI: $4,250,000 – $4,350,000

Sales Agent: Sarah Kobel – Nick Johnstone

Crowd: 50

Opening Bid: $4,300,000

Passed in: $4,300,000

After Auction: $undisc

Bidders: 1

Fifty people enjoyed a short break from the rain and the convenience of the coffee cart while Nick Johnstone extolled the beauty and value of the home at 13 Huntington road, Brighton. However, the home opened and closed with one bid of $4,300,000.

Albert Park, 61 Dundas Place

SOI: $3,400,000 – $3,600,000

Sales Agent: Oliver Bruce – Marshall White

Crowd: 30

Opening Bid: $3,550,000 VB

Passed in: $3,550,000 VB

Bidders: 0

A crowd sporadically gathered around the property. An opening bid of $3,550,000 was placed by the vendor. The property was passed in with the same vendor bid.

Hampton, 16 Sargood Street

SOI: $2,950,000 – $3,200,000

Sales Agent: Jenny Dwyer – Belle Property

Crowd: 30

Opening Bid: $2,950,000 VB

Passed in: $2,950,000 VB

After Auction: $3,045,000

Bidders: 0

All quiet at 16 Sargood Street Hampton today as Steve Tickell searched for a buyer among the assembled. However the home was opened and closed at $2,950,000 vendor bid. Sold after $3,045,000

Black Rock, 34 First Street

SOI: $3,100,000 – $3,410,000

Sales Agent: Nick Sinclair – Hodges

Crowd: 20

Opening Bid: $3,100,000

Passed in: $3,250,000

After Auction: $undisc

Bidders: 1

Elsternwick, 2 Regent Street

SOI: $3,000,000 – $3,300,000

Sales Agent: Bill Stavrakis – Biggin & Scott

Crowd: 35

Opening Bid: $2,900000

Passed in: $3,170,000

After Auction: $undisc

Bidders: 2

Wet day timetable auctions today but with a small break in the rain, the crowd gathered in the backyard. 2 bidders went back and forth, but the property passed in for $3,170,000. Sold after.

Albert Park, 62 St Vincent Street

SOI: $2,400,000 – $2,600,000

Sales Agent: Robert Eierweis – O’Brien Real Estate

Crowd: 40

Opening Bid: $2,300,000 VB

On the Market: $2,710,000

Under the Hammer: $2,720,000

Bidders: 2

An initial vendor bid of $2,300,000 was placed at the property of 62 St Vincent Street Albert Park. Two bidders entered. The property sold under the hammer to bidder 1 at $2,720,000.

Middle Park, 88 Armstrong Street

SOI: $3,000,000 – $3,300,000

Sales Agent: Oliver Bruce – Marshall White

Crowd: 40

Opening Bid: $3,100,000 VB

Passed in: $3,315,000

After Auction: $undisc

Bidders: 2

The auctioneer placed a starting vendor bid of $3,100,000. Shortly after two bidders entered. The property was passed in at $3,315,000.

Brighton, 94 Cole Street Brighton

SOI: $3,500,000 – $3,795,000

Sales Agent: Campbell Kilsby – Greg Hocking

Crowd: 60

Opening Bid: $3,500,000 VB

Passed in: $3,500,000 VB

Bidders: 0

Finally a little respite from the rain and about 60 people gather on Cole street to see the auction of number 94. Unfortunately, there isn’t much to see as the home is opened and closed on a vendor bid of $3,500,000.

Brighton East, 199 Were Street

SOI: $4,700,000 – $4,900,000

Sales Agent: Kaine Lanyon – Marshall White

Crowd: 150

Opening Bid: $4,700,000 VB

Passed in: $4,700,000 VB

Bidders: 0

The home opens and closes on a vendor bid of $4,700,000.

Middle Park, 271 Richardson Street

SOI: $2,500,000 – $2,600,000

Sales Agent: Sam Hobbs – Jellis Craig

Crowd: 25

Opening Bid: $2,500,000 VB

Passed in: $2,620,000

After Auction: $undisc

Bidders: 2

2 bidders went back and forth within the range, but it wasn’t enough to put the property on the market.

Bayside Auctions - Nov 12

Brighton East, 2 Hope Street

SOI: $2,400,000 – $2,600,000

Sales Agent: Simone Howell – Marshall White

Before Auction: $undisc

Bidders: 1

Brighton East, 72 Canberra Grove

SOI: $3,400,000 – $3,600,000

Sales Agent: Campbell Butterss

Before Auction: $undisc

Bidders: 1

Ripponlea – Withdrawn/Change of Method

Elsternwick – Withdrawn/Change of Method

Brighton – Withdrawn/Change of Method

Brighton East, 31 Lucas Street

SOI: $2,950,000 – $3,200,000

Sales Agent: Angus Graham – Hodges

Crowd: 100

Opening Bid: $3,000,000 VB

On the Market: $3,220,00

Under the hammer: $3,299,000

Bidders: 3

Bidding begins with an opening vendor bid of $3,00,000 with Angus calling for participation and two groups step forward tentatively to participate. The pauses are long, and the increments depend in size until a third bidder enters the race and ups the pace with the first bidder. Fast paced toe to toe competition ensues until the home is knocked down to latecomer bidder 3 at $2,299,000

South Melbourne, 29-31 Cobden Street

SOI: $2,000,000 – $2,200,000

Sales Agent: Cheyne Fox – WHITEFOX

Crowd: 33

Opening Bid: $2,000,000 VB

Passed In: $2,010,000

After Auction: $undisc

Bidders: 1

After an opening vendor bid of $2,000,000, a subdued crowd gathered on a grey Melbourne morning to produce only a single bid. The property was subsequently passed in with further negotiations to follow – sold after.

St Kilda West, 8 Longmore Street

SOI: $2,300,000 – $2,500,000

Sales Agent: Michael Szulc – Cayzer

Crowd: 26

Opening Bid: $2,300,000 VB

Passed In: $2,300,000 VB

Bidders: 0

A small crowd of mostly locals and one very excited dog gathered to watch this property pass in without a single bid being placed.

Hampton, 26 Gordon Street

SOI: $3,500,000 – $3,700,000

Sales Agent: Stefan Whiting – Buxton

Crowd: 50

Opening Bid: $3,500,000 VB

Passed In: $3,500,000 VB

Bidders: 0

Halli Moore keeps it brief at the auction today at 26 Gordon street, Hampton, as, in front of 50 people, he opens and closes the auction with a $3,500,000 vendor bid.

Port Melbourne, 13 Beacon Vista

SOI: $2,800,000 – $3,000,000

Sales Agent: Ben Hughes – The Agency

Crowd: 50

Opening Bid: $2,800,000 VB

Passed In: $2,800,000 VB

Bidders: 0

The auctioneer started the auction off with a vendor bid of $2,800,000. The auction was shortly passed in on the same vendor bid.

Black Rock, 43 Seaview Crescent

SOI: $2,400,000 – $2,500,000

Sales Agent: Richard Slade – Buxton

Crowd: 70

Opening Bid: $2,350,000 VB

Passed In: $2,400,000 VB

After Auction: $undisc

Bidders: 0

Mark Earle opens with a vendor bid of $2,350,000 and rises it to $2,400,000 to try and entice some participation, but none is forthcoming and the home is passed in. Sold after.

Port Melbourne, 219 Esplanade West

SOI: $2,000,000 – $2,200,000

Sales Agent: Simon Gowling – Jellis Craig

Crowd: 35

Opening Bid: $2,000,000 VB

Passed In: $2,100,000 VB

Bidders: 1

With no initial bids, the auctioneer placed an opening vendor bid of $2,000,000. A bid was placed shortly after of $2,010,000. Auctioneer placed a second vendor bid of $2,100,000. The property was passed in at this price.

Boroondara Live!

by Gina Kantzas and Mal James

Camberwell Canterbury Glen Iris Hawthorn Hawthorn East Kew

Hawthorn East, 28 Havelock Road SOI: $2,350,000 – $2,585,000
Sales Agent: Robert Clement – Woodards Crowd: 46
Opening Bid: $2,250,000 VB On the Market: $2,400,000 Hammer : $2,430,000
Bidders: 2 Photo: Randall

NOV 12

BIDDERWOMAN 1.7

STOCK LOW

CLEARANCE 79%

ROLLING

BIDDERMAN 1.5

STOCK LOW

CLEARANCE 72%

Boroondara Auctions - Oct 22

Hawthorn, 11a Elmie Street

SOI: $5,500,000

Sales Agent: Stu Evans – Marshall White

Before Auction: $undisc

Bidders: 1

Kew, 9 Adeney Avenue Kew

SOI: $3,650,000 – $3,950,000

Sales Agent: Chris Barrett – Marshall White

Before Auction: $undisc

Bidders: 1

Canterbury, 1 Alexandra Avenue

SOI: $3,100,000 – $3,400,000

Sales Agent: Isabella Lu – Jellis Craig

Before Auction: $undisc

Bidders: 1

Glen Iris, 1 Renwick Street

SOI: $2,750,000 – $2,950,000

Sales Agent: Ash Howarth – Marshall White

Before Auction: $undisc

Bidders: 1

Camberwell, 4 Stornoway Road

SOI: $2,800,000 – $2,980,000

Sales Agent: Mark Pezzin – Jellis Craig

Crowd: 30

Opening Bid: $2,800,000 VB

Passed in: $2,850,000

After Auction: $undisc

Bidders: 1

The auctioneer opened with a vendor bid of $2,800,000. Soon after, bidder one placed a bid of $2,850,000. Following a halftime break and no further bids the property was passed in.

Kew, 100 Pakington Street

SOI: $2,750,000 – $3,000,000

Sales Agent: Nick O’Halloran – Jellis Craig

Crowd: 70

Opening Bid: $2,750,000

On the Market: $3,100,000

Under the Hammer: $3,171,000

Bidders: 4

Two bidders kicked things off straight away to a frenzied bidding war, then a third and fourth entered the fray, leading to an eventual result of $3,171,000.

Hawthorn, 64 Hawthorn Grove

SOI: $4,350,000 – $4,750,000

Sales Agent: James Tostevin – Marshall White

Crowd: 55

Opening Bid: $4,500,000 VB

Passed in: $4,525,000

After Auction: $undisc

Bidders: 1

‘Ladies and gentlemen … you will be pleased to know that the pool stays’, quips James Tostevin to the amusement of those gathered. One bidder pipes up at $4,525,000 off the back of a vendor bid. Sold after.

Canterbury, 41 Victoria Avenue

SOI: $7,500,000 – $8,200,000

Sales Agent: Geordie Dixon – Jellis Craig

Crowd: 70

Opening Bid: $7,500,000

On the Market: $8,200,000

Under the Hammer: $8,400,000

Bidders: 4

Opening bid was $7,500,000 but 3 bidders very rapidly took the price to $8,200,000 where it was declared on the market, before the hammer fell at $8,400,000.

Kew, 39 Miller Grove

SOI: $3,000,000 – $3,300,000

Sales Agent: Scott Patterson – Kay & Burton

Crowd: 30

Opening Bid: $3,000,000

On the Market: $3,500,000

Under the Hammer: $3,770,000

Bidders: 2

Both bidders, in this auction, very quickly took the price to from an opening bid of $3,000,000 to a result of $3,770,000.

Canterbury, 8 Maling Road

SOI: $4,000,000 – $4,400,000

Sales Agent: Mike Beardsley – Jellis Craig

Crowd: 100

Opening Bid: $4,000,000

On the Market: $4,650,000

Under the Hammer: $4,930,000

Bidders: 2

A two-horse race, however, both bidders duked it out until it was on the market at $4,650,000; more frenzied bidding activity caused a sale of $4,930,000.

Hawthorn, 3 Xavier Avenue

SOI: $3,000,000 – $3,300,000

Sales Agent: Annabelle Feng – Rt Edgar

Crowd: $3,000,000 – $3,300,000

Opening Bid: $3,000,000 VB

Passed in: $3,325,000

Bidders: 2

Two bidders dip a toe in after a vendor opening at $3,000,000. A few bids stagger out until a further vendor bid at $3,300,000. Bidder 1 lifts it $25,000 and here it pauses for post-auction negotiations.

Kew, 26 Wimba Avenue

SOI: $3,600,000 – $3,900,000

Sales Agent: Scott Patterson – Kay & Burton

Crowd: 15

Opening Bid: $3,750,000 VB

Passed in: $3,750,000 VB

Bidders: 0

The auction commenced with a vendor bid of $3,750,000. Following a halftime break and lack of crowd participation the auction was formally passed in.

Kew, 84 Sackville Street

SOI: $4,500,000 – $4,800,000

Sales Agent: Sophie Su – Kay & Burton

Crowd: 80

Opening Bid: $4,600,000 VB

Passed in: $4,700,000 VB

Bidders: 0

The auction started with a vendor bid of $4,600,000. After a half time break a further vendor bid of $4,7000,000 the property was formally passed in.

Hawthorn, 12 Dean Avenue

SOI: $6,250,000 – $6,550,000

Sales Agent: Andrew Gibbons – Marshall White

Crowd: 52

Opening Bid: $6,250,000 VB

Passed in: $6,300,000

Bidders: 1

A crowd comprised of numerous neighbours watch on as an opening vendor bid of $6,250,000 is raised $50,000 by a bidder. Passed in for negotiations soon after.

Camberwell, 12 Pine Avenue

SOI: $3,600,000 – $3,950,000

Sales Agent: Charlie Tostevin – Marshall White

Crowd: 30

Opening Bid: $3,700,000 VB

Passed in: $3,700,000 VB

Bidders: 0

After ample time for buyers to make their presence felt the property passes on a sole vendor bid.

Boroondara Auctions - Nov 12

Camberwell, 23 Maple Crescent

SOI: $2,800,000 – $3,000,000

Sales Agent: Lidiya Davoli – Shelter

Before Auction: $undisc

Bidders: 1

Glen Iris, 50 Iris Road

SOI: $3,200,000 – $3,520,000

Sales Agent: Jason Brinkworth – Marshall White

Before Auction: $undisc

Bidders: 1

Glen Iris, 20 Atkins Avenue

SOI: $2,500,000 – $2,750,000

Sales Agent: James Chi – J&D Real Estate

Crowd: 30

Opening Bid: $2,500,000

On the Market: $2,735,000

Under the hammer: $2,735,000

Bidders: 2

The auction kicked off with an opening vendor bid of $2,500,000. Bidder one & two battled it out in $50,000 rises. Following a brief halftime break, the property was sold to bidder two at $2,735,000.

Hawthorn, 11 Fordholm Road

SOI: $2,700,000 – $2,900,000

Sales Agent: Karen Chung – Woodards

Crowd: 30

Opening Bid: $2,700,000 VB

On the Market: $2,900,000

Under the hammer: $3,380,000

Bidders: 3

Opening with a vendor bid of $2,700,000; being declared on the market at $2,900,000 when three bidders rapidly duked it out for this Scotch Hill abode, resulting in a sale price of $3,380,000.

Balwyn, 51a Rochester Road

SOI: $2,400,000 – $2,600,000

Sales Agent: Mark Sproule

Crowd: 30

Opening Bid: $2,400,000

Passed In: $2,655,000

After Auction: $2,700,000

Bidders: 2

Bidder 1 opened with a $2,400,000 offer, a vendor bid followed, then bidder 2 entered, sparking swift bidding activity; however the property was passed in – sold soon after

Camberwell, 21a King Street

SOI: $2,200,000 – $2,350,000

Sales Agent: Duane Wolowiec – Marshall White

Crowd: 50

Opening Bid: $2,500,000

On the Market: $2,650,000

Under the hammer: $2,700,000

Bidders: 2

Straight away came an initial bid of $2,500,000, then a second bidder spoke up, taking the property to $2,650,000, at which point it was on the market, with auctioneer Doug McLauchlan bringing down the hammer at $2,700,000.

Camberwell, 132 Wattle Valley Road

SOI: $2,600,000 – $2,850,000

Sales Agent: James Tostevin – Marshall White

Crowd: 32

Opening Bid: $2,650,000 VB

Passed In: $2,730,000

After Auction: $undisc

Bidders: 2

Two bidders: One went the torture method by being exceedingly slow. The other went for the immediate replies, albeit in small increments. Sold after auction

Hawthorn East, 28 Havelock Road

SOI: $2,350,000 – $2,585,000

Sales Agent: Robert Clement – Woodards

Crowd: 46

Opening Bid: $2,250,000 VB

On the Market: $2,400,000

Under the hammer: $2,430,000

Bidders: 2

Two battle out in a slow-paced auction until a vendor referral confirms the property on the market at $2,400,000. Sold under the hammer soon after.

Hawthorn East, 4 Hastings Road

SOI: $2,800,000 – $3,050,000

Sales Agent: Stuart Evans – Marshall White

Crowd: 40

Opening Bid: $2,750,000 VB

Passed In: $2,900,000

After Auction: $2,950,000

Bidders: 2

After the initial vendor bid, nobody put their hand up until after a vendor consultation. Subsequent raises from two bidders brought the price up to $2,900,000, at which point the property was passed in.

Glen Iris, 11 Kerferd Road

SOI: $3,200,000 – $3,500,000

Sales Agent: Jesse Matthews – Marshall White

Crowd: 60

Opening Bid: $3,200,000 VB

Passed In: $3,650,000

After Auction: $3,665,000

Bidders: 4

A slew of confident bidders quickly brought the price up to $3,650,000. After a vendor referral where it was confirmed the property was not yet on the market, it was passed in.

Surrey Hills, 7 Graham Street

SOI: $2,300,000 – $2,500,000

Sales Agent: Paul Richards – Bekdon Richards

Crowd: 40

Opening Bid: $2,300,000

Passed In: $2,520,000

After Auction: $undisc

Bidders: 3

Three parties traded rapid-fire bids until a vendor referral at $2,520,000. With no further bid, the property was passed in – Sold after.

Camberwell, 12a Christowel Street

SOI: $3,000,000 -$3,300,000

Sales Agent: Désirée Wakim – Marshall White

Crowd: 40

Opening Bid: $3,100,000 VB

Passed In: $3,100,000 VB

Bidders: 0

The auction started with a vendor bid of $3,100,000. Following a half time break and no further bids the property was formally passed in.

Hawthorn East, 29 Fairmount Road

SOI: $3,580,000 – $3,780,000

Sales Agent: Kellie Liu

Crowd: 34

Opening Bid: $3,300,000 VB

Passed In: $3,300,000 VB

Bidders: 0

A quick open and shut auction with one vendor bid placed.

Surrey Hills, 20 James Street

SOI: $2,000,000 – $2,200,000

Sales Agent: Désirée Wakim – Marshall White

Crowd: 30

Opening Bid: $2,000,000 VB

Passed In: $2,000,000 VB

Bidders: 0

A single vendor bid of $2,000,000 was the only number called out at this quiet auction.

Stonnington Live!

by Gina Kantzas and Mal James

Armadale Malvern Malvern East Prahran Richmond South Yarra Toorak

Malvern, 1305 High St Auctioneer:

Marty Fox Crowd: 35

Opening Bid: $2,200,000 Passed in: $2,350,000 After Auction $undisc

Bidderman: 2 Photo: Phoebe

NOV 12

BIDDERMAN 1.2

STOCK LOW

CLEARANCE 67%

ROLLING

BIDDERMAN 1.1

STOCK LOW

CLEARANCE 76%

Stonnington Auctions - Oct 22

Malvern East, 71 Beaver Street

SOI: $2,500,000 – $2,700,000

Sales Agent: Tom Staughton – Kay & Burton

Before Auction: $undisc

Bidders: 1

Malvern, 17 Hunter Street

SOI: $2,500,000 – $2,600,000

Sales Agent: Sarah Case – RT Edgar

Crowd: 35

Opening Bid: $2,600,000

Passed in: $2,620,000

After Auction: $2,750,000

Bidders: 1

Auctioneer Mark Wridgway started the bidding placing a vendor bid of $2,600,000 This was met by a bid of $20,000. The property was passed in to the sole bidder at $2,620,000. Sold after.

Malvern, 26 Euston Street

SOI: $3,000,000 – $3,300,000

Sales Agent: Carla Fetter – Jellis Craig

Crowd: 30

Opening Bid: $3,000,000

Passed in: $3,085,000

After Auction: $undisc

Bidders: 2

Audience opening bid with 1 other bidder, however property didn’t reach the market price and was passed in.

Malvern, 2 Jordan Street

SOI: $2,800,000 – $3,000,000

Sales Agent: Sarah Sharp – Jellis Craig

Crowd: 35

Opening Bid: $2,750,000

Passed in: $2,750,000

After Auction: $2,890,000

Bidders: 1

The auctioneer started by highlighting the superb location of the home and its light-filled features. One opening bid by the audience, with no other bids the property was passed in at $2,750,000.

Malvern East, 11 Nott Street

SOI: $3,200,000 – $3,500,000

Sales Agent: John Morrisby

Crowd: 35

Opening Bid: $3,250,000 VB

Passed in: $3,275,000

After Auction: $undisc

Bidders: 1

With a hand raised as soon as Auctioneer John Morrisby asked for bids, I anticipated a fast paced auction. It was not to be. The property was soon passed in to this sole bidder and sold soon after.

Malvern East, 28 Kerferd Street

SOI: $3,300,000 – $3,600,000

Sales Agent: Matthew Morley – Gary Peer

Crowd: 50

Opening Bid: $3,300,000 VB

On the Market: $3,610,000

Under the Hammer: $3,620,000

Bidders: 2

With a slow start to the auction, after the break 2 bidders entered. A thrilling battle against the 2 bidders with the property selling under the hammer at $3,620,000.

Malvern East, 6 Nyora Street

SOI: $5,000,000 – $5,500,000

Sales Agent: John Manton – Marshall White

Crowd: 60

Opening Bid: $5,000,000 VB

Passed in: $5,350,000

After Auction: $undisc

Bidders: 2

Auctioneer Daniel Wheeler opened the bidding with a vendor bid of $5,000,000. A first bidder placed a $50,000 bid and was swiftly joined by a second bidder. The property was passed in for $5,350,000 to the first bidder. Sold after.

Prahran, 23 Larnook Street

SOI: $2,200,000 – $2,420,000

Sales Agent: Michael Tyan – Biggin & Scott

Crowd: 35

Opening Bid: $2,200,000

On the Market: $2,725,000

Under the Hammer: $2,750,000

Bidders: 2

As Auctioneer Tom McCarthy was about to pass the property in, two bidders sprang to action. The property was soon on the market and sold with a round of applause to the second bidder.

Malvern East, 12 Serrell Street

SOI: $2,400,000 – $2,600,000

Sales Agent: Ray White – Jie Zhang

Crowd: 40

Opening Bid: $2,500,000 VB

Passed in: $2,500,000 VB

After Auction: $undisc

Bidders: 0

With an opening vendor bid of $2,500,000, there were no bidders and the property was passed in.

Malvern, 1 Ewart Street

SOI: $2,000,000 – $2,200,000

Sales Agent: Fiona Ansell-Jones – Marshall White

Crowd: 60

Opening Bid: $2,000,000 VB

Passed in: $2,000,000 VB

Bidders: 2

A crowd of 40 gathered inside 1 Ewart Street Malvern. Auctioneer Andrew Hayne opened and closed the bidding with a sole vendor bid The property was passed in on the vendor bid of $2,000 000.

South Yarra, 7 Motherwell Street

SOI: $3,500,000 – $3,800,000

Sales Agent: Nathan Waterson – Jellis Craig

Crowd: 30

Opening Bid: $3,500,000 VB

Passed in: $3,500,000 VB

Bidders: 0

Nathan Waterson both opened and closed the bidding placing a sole vendor bid of $3,500,000.

Stonnington Auctions - Nov 12

Glen Iris (Stonnington), 13 Maitland Street

SOI: $3,250,000 – $3,500,000

Sales Agent: Carla Fetter – Jellis Craig

Before Auction: $undisc

Bidders: 1

Malvern, 1 Moorakyne Avenue

SOI: $2,300,000 – $2,500,000

Sales Agent: Fraser Cahill – Marshall White

Crowd: 70

Opening Bid: $2,300,000

On the Market: $2,550,000

Under the hammer: $2,705,000

Bidders: 3

Bids began as soon as they were called for. 3 parties tried their luck with Bidder 1 being the open and the closer.

Malvern East, 59 Ardrie Road

SOI: $2,500,000 – $2,750,000

Sales Agent: John Manton – Marshall White

Crowd: 40

Opening Bid: $2,500,000 VB

Passed In: $2,500,000 VB

Bidders: 0

Families lined the leafy street and auctioneer John Manton opened the bidding, however no hands were raised and the property passed in.

Malvern, 19 Johnstone Street

SOI: $2,600,000 – $2,800,000

Sales Agent: Walter Summons – Belle

Crowd: 25

Opening Bid: $2,700,000 VB

Passed In: $2,700,000 VB

Bidders: 0

A crowd gathered along the fences opposite the home, as auctioneer Andrew James called for spirited bidding. After a vendor bid and a half time break, the property passed in.

Malvern, 1305 High Street

SOI: $2,200,000 – $2,400,000

Sales Agent: Jesse Jones – WHITEFOX

Crowd: 35

Opening Bid: $2,200,000

Passed In: $2,350,000

After Auction: $undisc

Bidders: 2

Gathered in the sunlight backyard, Auctioneer Marty Fox stood back in the living area of the home and called for bidding from the crowd. Some back and forth between two bidders wasn’t enough to put it on the market and the property passed in – sold after.

Prahran, 44 Packington Street

SOI: $2,400,000 – $2,550,000

Sales Agent: Daniel Joyce – Jellis Craig

Crowd: 60

Opening Bid: $2,400,000 VB

Passed In: $2,460,000

After Auction: $undisc

Bidders: 1

The auction kicked off with a vendor bid of $2,400,000. Bidder one joined shortly after at $2,410,000. After a halftime break and a further vendor bid of $2,450,000, the property was passed in – sold soon after

Kew - Underground Basketball Court

Is this America I thought as I wandered from the grounds of tennis court, swimming pools, vast spaces to ………. down the lift, past the enormous underground car park and cinema, to wait for it………..and underground basketball court………..yes full height……….yes I have never, ever seen one before, nor a home like it.

Its AAA, it may well break all records (SOI $20m to $22m), yes even in this market and yes there are some recent big ones in Kew, and it will exchange hands, quietly and with possibly less than a handful of people through, possibly before Christmas, but probably next year says James Tostevin and Gina Kantzas.

Phenomenal, the grandest but most practical Boroondara family home with not a cent to spend, modern interiors to die for, combined with the character of a long history – never to be repeated as is – a truly true truism for this incredible home.