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Market News » Armadale


Covering Toorak, South Yarra, Armadale, Caulfield, Malvern and Malvern East

Covering Toorak, South Yarra, Armadale, Caulfield, Malvern and Malvern East
Of the 19 $1 million-plus auctions we looked at today in Stonnington (inc Glen Iris) 17 sold, or 90 per cent. Couple of highlights: 37 Armadale St Armadale with Bennison Mackinnon, which had been hanging around for a few weeks post-auction, sold for, we believe, a tick under $2.3 million. 9 Valley View Road with Maddie Kennedy [...]
Looks like this could be the market until Christmas!

Looks like this could be the market until Christmas!

It’s 7pm on Saturday and our James Clearance Rate is 82 per cent on the 22 auctions we attended and reported on. Need we say any more – the market continues its strength and subsequent price rising, despite being in an increasing stock level environment. Flashback: our report from 22 November 2008: Today, only two [...]
Adam Woledge  Wow – We were only $1.2 million out on a property – 10 Irving Road.

Adam Woledge Wow – We were only $1.2 million out on a property – 10 Irving Road.

Spoke to Bennison Mackinnon’s Iain Carmichael this afternoon – tell Mal you won’t find me saying I can see a lull that you may have implied a few weeks ago. Very strong is my read of our and other company’s selling results and don’t worry I was about a million out on [...]
Covering Toorak, South Yarra, Armadale, Caulfield, Malvern and Malvern East

Covering Toorak, South Yarra, Armadale, Caulfield, Malvern and Malvern East

As much action as we have seen in Stonnington for many a day with 14 sales over a million dollars and four pass-ins. Three substantial sales were 25 Glassford St Armadale with Susan McGlashan and Iain Carmichael of Bennison Mackinnon – see our auction report. If you said the home was $1.2 million, [...]
The market may be changing but you still need to bid to buy.

The market may be changing but you still need to bid to buy.

It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 66 per cent on the 18 auctions we attended. The market is gyrating and still full of some incredibly strong sellers’ results but we feel it could be turning, or at least altering the incline of its recent ascent. Why? Stock levels are definitely [...]
Covering Toorak, South Yarra, Armadale, Caulfield, Malvern and Malvern East

Covering Toorak, South Yarra, Armadale, Caulfield, Malvern and Malvern East

26 Lambeth Avenue Armadale, Ross Savas of Kay and Burton. James Home Rating: 773 out of 1000. Very high-quality build with a solid floor plan, including two bathrooms and southern light ensuite. 2.5 other bedrooms and two good living areas, one formal and one informal. The new joins the old very well and the detail and finishes are first rate.
EO(NI/5YF) + FO(G/C+R) = HWHL. The formula for good buying?

EO(NI/5YF) + FO(G/C+R) = HWHL. The formula for good buying?

It’s 6pm and the James Clearance Rate for million-dollar-plus homes is 75 per cent on the 20 auctions we attended today. Over the past month in James Market Insight, we’ve talked about money, value and price, as well as quoting and what it means. The real question buyers should ask themselves is not “what is the quote?” [...]
Highlighting 23 McKinley Avenue, Malvern

Highlighting 23 McKinley Avenue, Malvern

Typical high-quality Edwardian in McKinley Street. Very good floor plan and flow and, although a little tight, there is good off-street parking. One of the four bedrooms could be used as a second living area and there's a high-quality central second bathroom, as well as an ensuite.
Are we in a Hawthorn, Kew, Canterbury, Camberwell real estate bubble

Are we in a Hawthorn, Kew, Canterbury, Camberwell real estate bubble

With a big market wrap last week and few sales to report this week, we thought we would ask one or Boroondara's leading agents for his take on the market right now. We spoke with Marshall White's James Connell.
Toorak In Crisis? Nope!

Toorak In Crisis? Nope!

4 sales that interested me over the last 2 school holiday weeks 33 Murray St Prahran (Guy St Leger of Biggin and Scott) sold for $1.22m and we think this renovators delight was a good buy – north facing rear, good period façade, rear car access. A $500,000 reno after purchase – maybe less, means [...]
Covering Toorak, Malvern, Armadale, South Yarra, Caulfield and Elsternwick $1m+ homes

Covering Toorak, Malvern, Armadale, South Yarra, Caulfield and Elsternwick $1m+ homes

Andrew McCann of Bennison Mackinnon says we are now very close to 2007 prices. Apartments Sam Wilkinson and Tim Blackett of Kay and Burton got 2-4 Lansell Road Toorak away pre-auction. It was a $2 million-plus sale but the apartment market at the Top End really does appear to be non-existent right [...]
Covering Hawthorn, Kew, Canterbury and Camberwell $1m+ homes

Covering Hawthorn, Kew, Canterbury and Camberwell $1m+ homes

Some parts of the market may have risen by more than 10 per cent and up to 15 per cent in eight weeks, says Tim Picken of Jellis Craig. By the way, we saw Tim sell three from three very strongly and all well above his quotes. But we digress. To be honest, we are not batting [...]
Peter Kudelka talks Stonnington and apartments

Peter Kudelka talks Stonnington and apartments

He takes a little while to get to know but Peter Kudelka is one of the best apartment agents going around. Always representing the vendor very strongly on price, he is prepared to get in a car, get out and meet you on site at short notice. Apartments are a tough game and Peter has survived them well.
News of Toorak, South Yarra, Malvern, Armadale and Malvern East.

News of Toorak, South Yarra, Malvern, Armadale and Malvern East.

The million-dollar-plus market is looking reasonably stable in Stonnington on low stock levels. 63 Albany Toorak (Coonara) with Kay and Burton is back on the market again and it will be interesting to see what happens. It sold early last year through Marshall White’s Marcus Chiminello for a reported $8 million. Since that [...]
Madeline Kennedy of Marshall White talks Armadale and Prahran

Madeline Kennedy of Marshall White talks Armadale and Prahran

Madeline is a cool customer in a tough male environment. She is particularly strong in organising buyers for $1-2 million period homes in Malvern, Armadale and Caulfield North. Always polite and accurate in pricing discussions with us, we find Madeline is one of the strengths in Stonnington real estate. A good [...]

Inside James Market News