oc | Sunday 8th December

Market News » kay and burton


Covering Beaumaris through Brighton to Port Melbourne in $1m+ homes

Covering Beaumaris through Brighton to Port Melbourne in $1m+ homes
Bayside was alive with the sound of keys changing hands. Well, except for 6 First Point at Port Melbourne – beachfront. Our auction report: A large crowd of about 90 people turned out for this auction. Auctioneer David Wood of Hocking Stuart opened with a vendor bid of $4.75 million but there were no [...]
Markets, talking price and late bids.

Markets, talking price and late bids.

It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 60 per cent on the 20 auctions we attended but that may change by Sunday. The market today (Saturday) was again strong across the board but crowd numbers continue to drop and there was a 40 per cent pass-in rate at [...]
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 [...]
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) [...]
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 [...]
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 [...]
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 Albert Park, St Kilda, Elwood, Brighton, Hampton and Sandringham $1m+ homes

Covering Albert Park, St Kilda, Elwood, Brighton, Hampton and Sandringham $1m+ homes

Hocking Stuart’s Peter Kennett stated he had four auctions today and 18 bidders in total. Let Hocking Stuart’s Barb Gregory tell us about the story of the lady in Sydney who, on Saturday morning, was eating porridge when she had a thought about 10 Murph y St Brighton. This is a home she [...]
Million Dollar Melbourne – 3/1 Chastleton Avenue, TOORAK

Million Dollar Melbourne – 3/1 Chastleton Avenue, TOORAK

This apartment is a big test as far as I am concerned. I’ve probably been through 30 high-quality apartments this year and this is easily the best floor plan I have seen. It also has excellent outdoor living areas and direct street access. If it has a weakness, and it’s not really [...]
News of Albert Park, Elwood, Brighton, Hampton and surrounds.

News of Albert Park, Elwood, Brighton, Hampton and surrounds.

Brighton still has more than 100 $1 million-plus properties up on the net for sale and that is double the combined number for Hawthorn and Kew at this level. So stock levels or, more succinctly, unsold stock levels are the main reason why Bayside is seeing the weakest of the price [...]
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 [...]
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 [...]
There is still Something About Mary

There is still Something About Mary

Currently listed by Kay and Burton is 54 Mary Street in Hawthorn, which is part of the wonderful Grace Park precinct. The land size is very good at just under 1400m2 and the block has excellent width. Originally constructed in 1910, this was likely designed by architect Christopher Cowper, who did so many fine homes in this area. [...]
I know for an outsider it’s hard to believe but the market is getting hotter right now.

I know for an outsider it’s hard to believe but the market is getting hotter right now.

It’s 6pm Saturday and the James $1 million-plus auction clearance rate was over 86% on the 22 auctions we attended. 86% on 22 auctions – hello. It’s hard to believe we are supposedly in a recession. Hard to believe indeed when you’re standing across the room from one of your experienced competitors Chris Koren [...]
Commentary and Case Study with Glen Coutinho from Hocking Stuart

Commentary and Case Study with Glen Coutinho from Hocking Stuart

The Boardroom Auction is back on the agenda. There are traps, pitfalls and strategies required with a boardroom auction. However, in many ways, a properly conducted boardroom auction is a transparent way to conduct business. The jury seems to be out on whether or not a boardroom auction is covered by [...]

Inside James Market News