oc | Sunday 15th December

Market News » Land


Northern Weekly

Northern Weekly
Three of the four auctions I attended a couple of weekends ago, have sold and sold reasonably well. 34 Lucerne Crescent in Alphington is the only one that has not yet sold after being passed in on a vendor bid of $1,400,000. This home was purchased in May 2010 for $1,755,000 and has been extensively [...]
Northern Weekly

Northern Weekly

Auctions of interest this weekend – 261 Amess Street, Carlton North sold for $2,320,000 under the hammer with three bidders. This was a double-fronted, double-storey terrace (James Keenan, Nelson Alexander) that we  rated at 561/1000. This was a good result given that the last two auctions of similar properties we have attended (18 Rowe Street and 60 [...]
Northern Weekly

Northern Weekly

One auction we were looking forward to this weekend in the inner north-west was 19 Richardson Street in Essendon (Christian Lonzi, Frank Dowling Real Estate – Essendon). This is a grand looking home, although not overly large, but it was well-renovated and had a lovely feeling. It lacked an ensuite and the flats to one [...]
This price segment is starting to rise

This price segment is starting to rise

Week Ending 18th May Off-Market Special This week, with the quality $M+ market continuing to move ahead strongly, we are looking at an increasingly large part of the market – the Off-market sector. Off-market transactions are transactions that take place without any advertising, without big glossies in The Age or without any internet presence. Consequently you won’t see [...]
Northern Weekly

Northern Weekly

Over the past week we have been involved with two extremely good period properties – a perfectly renovated single-fronted home in Fitzroy North and an imposing double-storey terrace literally opposite Edinburgh Gardens, also in Fitzroy North. Andrew Simondson (Collins Simms) did a good job at managing the sale of the terrace that resulted in two [...]
Northern Weekly

Northern Weekly

There were a couple of strong results in Fitzroy North this weekend. A large crowd turned out for the auction of the double-fronted Victorian at 147 Falconer Street, the property was initially passed in at $2,090,000 and after negotiations failed to meet the reserve price of $2,200,000, the two remaining interested parties resumed a ‘mini [...]
Northern Weekly

Northern Weekly

Inner North Insights The year has started strongly in Eaglemont and Ivanhoe with at least thirty reported sales above $1 million, including two above $2 million. 2 Summit Drive, Eaglemont (Woodards) on more than 2000sqm of land, was passed in on a vendor bid of $2.5 late March and has since sold for an undisclosed amount. [...]
Back after a spell and it’s steady as she goes

Back after a spell and it’s steady as she goes

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 63% on the 30 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 1.9. Market Summary Welcome back after the Easter break. Wow! What a finish we saw to the market pre Easter – it was strong in numbers on all [...]
Bayside Weekly

Bayside Weekly

Bay View Bayside saw a lower clearance rate of 55% this weekend, a bit of a disappointment after last weekend’s bounce up to 59% and contrasting with the strong results in areas like Boroondara and Stonnington. Brighton in particular saw a number of pass-ins with no bidders at all. These included 1a Wellington Street, which passed in [...]
Boroondara Weekly

Boroondara Weekly

This weekend saw a solid result in Borondara with 66% on 70 auctions, concluding the first quarter of 2013 with the same strength and up-vibe sentiment that we saw at the end of 2013. There were four bidders for 6 Hepburn Street in Hawthorn East, taking the price to $4,415,000. Kew saw a sale [...]
Port Phillip Weekly

Port Phillip Weekly

Clearance rates dropped to 54% on 17 auctions in Port Phillip this weekend, after several weeks of solid results in this area. The biggest sale was for 397 Howe Parade in Port Melbourne, which sold under the hammer for $1,541,000 under two bidders. But another in Port Melbourne, at 26 Beach St, had no [...]
Stonnington Weekly

Stonnington Weekly

With a massive 47 auctions this weekend, Stonnington had a healthy 70% clearance rate overall – although clearance rates were less robust in the $2 million plus segment, at just 50%. Of the 8 auctions we covered this weekend, 2 were bought before, 2 were ducks, 1 was a lone ranger,1 was a norm and 2 [...]
It’s official: the Top End is moving, with 40+ buys this month

It’s official: the Top End is moving, with 40+ buys this month

Week Ending 23rd March – We are now seeing The A graders are having multiple bidders – look at the number of volcanoes The B graders are getting mopped up – check old stock records The C graders are being considered by those [...]
Bayside Weekly

Bayside Weekly

Bay View There were over 20 auctions on in Bayside again this weekend. But even while other areas of Melbourne continued to see strong clearance rates (Boroondara 77% for February 23 and March 2; and Stonnington 78% and 85% respectively), Bayside clearance rates on March 2 were down considerably on the previous weekend. Only 44% of the [...]
Boroondara Weekly

Boroondara Weekly

While it was nice to take a breather last week, the property market in million-dollar-plus Melbourne certainly looks to be rolling on in a positive way. Some recent sales of interest: 25 Redmond Street, Kew (James Tostevin, Marshall White) – This sold strongly before auction for around the $2.9m mark. Bought for land value only, and working [...]

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