oc | Sunday 15th December

Market News » Canterbury


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.
Bumber Bayside School Holiday Wrap

Bumber Bayside School Holiday Wrap

Two really strong auctions in Bayside yesterday 43 Victoria Sandringham with Buxton’s Mark Earle and Bill Jowett.  5+ bidders – selling under the hammer for $3,350,000 (2700 sq metres of land, with no restrictions and a bulldozer home – which the new owner will do). This means prime Sandringham land (non beachfront) [...]
Kew, Hawthorn, Canterbury, Camberwell – School Holiday Wrap

Kew, Hawthorn, Canterbury, Camberwell – School Holiday Wrap

We covered the significant 20 Ross Street Kew sale in Market Insight above. Golden Mile Land 9 Boronia Canterbury. Another land indicator in Canterbury’s Golden Mile fringe. Sold under the hammer for $1.6m on a very low quote of $1.25m. 650 sqm or $2461 per sqm confirms all recent land sales in this area. Boroondara [...]
Buyer Stress, Mind Traps and Mind Games

Buyer Stress, Mind Traps and Mind Games

It’s 6pm Saturday and no surprise that the James Clearance Rate on million-dollar-plus homes is 70 per cent on the 18 auctions we covered and two sold before. It’s no surprise because demand is “2007 strong”, with the Foreign Investment Rule Board rule changes regarding overseas buyers coinciding with a firm pick-up in [...]
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 [...]
What’s happening in Kew, Hawthorn, Canterbury and Camberwell.

What’s happening in Kew, Hawthorn, Canterbury and Camberwell.

The million-dollar-plus market is the strongest in Boroondara on low stock levels, and is being driven by overseas buyers. 61-63 Alfred St Kew was obviously the big one last Saturday and there was strong bidding from overseas buyers, as well as locals, with six bidders in total. Not sure if it’s a renovator or a [...]
Agent auction quoting seems OK for now. But some individuals are still pushing the boundaries.

Agent auction quoting seems OK for now. But some individuals are still pushing the boundaries.

We thought it would be timely to take a snapshot of how we are finding selling agents’ quotes. In a rising market, it’s easy to fall back on old habits; however, we think, on yesterday’s results, that most of the major companies are making an attempt to improve their auction quoting standards. Now, before you think we [...]
Paul Keane – Jellis Craig Boroondara

Paul Keane – Jellis Craig Boroondara

EXECUTIVE SUMMARY Paul is a big-end-of-town agent getting multi-million-dollar deals in Hawthorn, Kew, Glen Iris and Canterbury on a fairly regular basis. We don’t always see eye to eye and have had some real scraps but, nonetheless, the respect is there for what he achieves for his selling clients. Paul does [...]
More homes to buy are being listed by agents on and off market – will the buyer demand be there to match?

More homes to buy are being listed by agents on and off market – will the buyer demand be there to match?

There is definitely more housing stock coming onto the off-market part of the market; however: 1. it’s not across all geographical markets and dollar market levels; and 2. it’s not necessarily the home you must buy; ie the price and quality is mixed. Specific off-market properties that we have heard about, driven by, or looked [...]
Dealing with Stress and Emotion

Dealing with Stress and Emotion

Some of our tips to reduce stress and emotion when buying property: Counteract inexperience and buy in some expertise. It’s not that you shouldn’t use Dad or Uncle Ben – they just don’t probably understand in the same way what your needs are. Hire a buyer advocate or an experienced valuer. Spend some money to [...]
Boroondara and Stonnington now catching up with Bayside’s $1m+ plus oversupply

Boroondara and Stonnington now catching up with Bayside’s $1m+ plus oversupply

At 5pm today, the clearance rate from the 13 auctions we attended was 23%. Normal for late 2008. We expect a few will be bought overnight, bringing the clearance rate to around 1 in 2 or 50%. Kew, Camberwell and Canterbury are no longer operating in isolation with regards to buying $1 million-plus [...]
If you have good advice and can buy and sell in the same market, then life has only improved from an interest rates point of view

If you have good advice and can buy and sell in the same market, then life has only improved from an interest rates point of view

Properties over a million dollars are 50% cheaper than six months ago for expats and overseas clients. With significant market drops in both top-end values and the Australian dollar, now is looking a great time for some to be buying their dream home or investment. Top-end homes are down 20-30% in recent times [...]
9 Barnsbury Balwyn, 1 Salisbury Canterbury and 160 The Avenue Parkville

9 Barnsbury Balwyn, 1 Salisbury Canterbury and 160 The Avenue Parkville

Three really grand offerings on the market. If you had around $10 million which would you buy?  In other words how do they compare? We rated this property 771/1000 this one 756/1000 and this one 408/1000 First and foremost buying any property well is about going through a process. Clarifying Your Needs Find – [...]
The NQR (not quite right) Renovation.

The NQR (not quite right) Renovation.

Great Canterbury location; Single storey Edwardian Home in great condition; North facing rear; Generous allotment; An experienced agent; A price tag which is not completely ridiculous. All of the above suggests a winner. This house should walk out the door, right? Well 19 Selwyn Street, Canterbury failed at auction recently and remains [...]
Market continuing to stabilise at all price levels.

Market continuing to stabilise at all price levels.

Market continuing to stabilize at all price levels and we may even see small increases in the clearance rates as number the of quality homes coming on the market across all quality areas is the weakest it’s been this year. Add to this is the fact the number [...]

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