oc | Sunday 15th December

Market News » Elwood


Despite Grand Prix and Easter there has been a bit of action in Port Phillip this month

Despite Grand Prix and Easter there has been a bit of action in Port Phillip this month
St Kilda, 367 Beaconsfield, a ripper property, finally sold with Andrew Macmillan for about half the initial very ambitious asking price after a long time on the market, with a number of different campaigns and agents. Albert Park, 62 Barrett St (Peter Simmons) a  three bedroom Victorian single fronted with parking, showed that if the quality is [...]
Thinking about a break rather than bidding

Thinking about a break rather than bidding

Quiet day for us all this weekend at the million dollar level. Has been a great year for buyers so far, long may it continue. Have a safe and happy Easter and enjoy the time with your family – Kristen. John Clarkson, Hocking Stuart, Brighton: “Certainly buyers will not feel as dominant post Easter due to [...]
Properties Struggling to Move after Passing In

Properties Struggling to Move after Passing In

At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%. Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew. These figures indicate that the [...]
With the Grand Prix – 3 sell out of only 4 key $M+ auctions

With the Grand Prix – 3 sell out of only 4 key $M+ auctions

Agent Q & A: Has the market changed since before Labour Day weekend? Kaine Lanyon, Marshall White, Albert Park: “We haven’t noticed or sensed any change in the market since prior to the Labour Day weekend.  The overall market appears to be quite well balanced. That is, well and fairly priced property is transacting consistently, [...]
Buying a home when there are kids in the picture

Buying a home when there are kids in the picture

The inner suburbs of Bayside, such as Elwood, Albert Park and Port Melbourne, are great places to live when you are footloose and child-free. But what if you’ve got plans to have kids down the track? Being able to walk to the local Turtle cafe in Elwood and take a short tram ride on No 79 through [...]
Very solid with 13 from 17 being bought today or 76% Clearance

Very solid with 13 from 17 being bought today or 76% Clearance

Key Points: Port Phillip the star performer today and especially solid in that early one million bracket Bidder depth would be best described as shallow except for the Volcano (4+ bidder auction) at 76 Blessington St St Kilda with Greg Hocking – see report below Agent Q & A:“What is your take on the Economist’s article that Australian [...]
So-so weekend, but stock wasn’t that exciting. Wow on Howe – Big $6m+ sale.

So-so weekend, but stock wasn’t that exciting. Wow on Howe – Big $6m+ sale.

Key Points: The overpriced are as cold as ice in Port Phillip right now. No bites, no action – as evidenced by the pass-ins of yesterday and the first two weeks of this market. Overall the year has started better than anticipated but pass-in vendors will need to adjust if they want to attract buyers. I went to [...]
Very solid today – bidders on all bar one auction we attended

Very solid today – bidders on all bar one auction we attended

Key Points: A big day auction-wise in Port Phillip with more than 20 $m+ properties up for grabs. We reported on seven – four of those were bought under the hammer and one shortly after auction. The biggest sale was at 107 Richardson St, Albert Park (Oliver Bruce, BenMac) which sold under the hammer for $2,322,000, with 5 [...]
Up, down and now back up this week. Next week?

Up, down and now back up this week. Next week?

Week Ending November 27th: The high end ($3m+) which like the proverbial brides nightie (not sure if I can say that) is up and down at the drop of a hat. A fortnight ago it was up and last week it was down – this week it was up and in a [...]
A good $3m+ result in Anderson St on a low stock weekend

A good $3m+ result in Anderson St on a low stock weekend

Key Points: Port Phillip Clearance rate of 25% on the 6 properties we monitored over $1-million dollars, with 2 of those results not reported. Of the 2 auctions that we attended, only 1 was bought under the hammer.
If it’s good it’s selling – and if it’s not, it isn’t

If it’s good it’s selling – and if it’s not, it isn’t

  Key Point There were three bidders at both hammer auctions and none at the two pass ins. Biggest Sale: Elwood 45 Dickens St:  Jason Scillio (Kay & Burton) Under the Hammer, $3,535,000, 3 bidders “A large crowd gathered in the front garden of this magnificent property to hear Jason Scillio provide a well prepared preamble prior to inviting [...]
Bidders Gone Fishin’

Bidders Gone Fishin’

Key Points 284 Albert South Melbourne bought at auction for $2,170,000 Nick Yannopoulos of RT Edgar Many homes on offer today failed to attract any interest Two good $2m+ homes in Park St. St Kilda West  failed to attract a bid BidderBuzz auction of the day 229 Page St, Middle Park, Andrew Stuart, Hocking Stuart, Under the Hammer $1,620,000, 2 [...]
Get Organised for the next Super Saturday – October 23rd

Get Organised for the next Super Saturday – October 23rd

The big news this week for homebuyers was not Gary Ablett or the GF Replay; it was the major stock inflows that took place on Monday, Tuesday and Wednesday when agents began their marketing campaigns for the next Super Saturday - October 23rd. Check out the size of the Weekly Review this week. While one weekend does not make a summer, we now seem to have finally started the Spring surge. Prior to the Grand Final(s) stock was particularly low and prices were definitely beginning to firm on the back of this.
September sees the re-emergence of Melbourne’s $3m+ Market

September sees the re-emergence of Melbourne’s $3m+ Market

September Executive Summary: Demand: Solid and increasing Reported Boughts: 46 Bidderman: Substantial improvement in bidders per auction at the higher level. Random cross section of bidders. 1/3/2/1/3/1/3/2/2/3/3/3/2/1/0/0 for a month average of 1.875 Supply: New Stock Low Overhang from May however new stock is still light on at end of September and that which comes on at a reasaonble price [...]
Quiet and not a lot of stock.

Quiet and not a lot of stock.

Key Points: Stock levels lower than last year. A relatively quiet auction day in Port Phillip. Ten homes were bought this week over a $million – with 3 in Port Melbourne, South Melbourne and Elwood We covered three auctions, with only one selling under the hammer – 14 Ruskin St, Elwood (John Carter, Hocking Stuart), $1,200,000. Crowds were down [...]

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