oc | Sunday 8th December

Market News » malvern east


Most of those that were hot were red hot – but there are buying opportunities

Most of those that were hot were red hot – but there are buying opportunities
It’s 6.00 pm Saturday and the James $m+ Clearance Rate on the on the 30 $m+ properties we attended today, was a credible but not stellar 63 per cent. Detailed Analysis in all Market Wraps below Market Insight Boroondara – awash with $m+ property and forthcoming auctions. Stonnington – Armadale hotter than hot – [...]
Toorak, South Yarra through Malvern, Glen Iris, Malvern East and Armadale

Toorak, South Yarra through Malvern, Glen Iris, Malvern East and Armadale

Leaving out Glen Iris – talked about that in Boroondara wrap – we saw 24 $m campaigns this week with a seller disconcerting 10 passed in at auction. That is a clearance rate of 58% and the main reason the overall James Clearance Rate is as weak as it is today. Why? Price is why? Many vendors [...]
South Yarra, Prahran, Toorak, Armadale, Malvern and Malvern East

South Yarra, Prahran, Toorak, Armadale, Malvern and Malvern East

Little to report on the $m front interest after a huge October for most Stonnington agents. Plenty of choice over the next 3 weeks with 24 and 29 Auctions $1m auctions planned for the last 2 weeks in November. Private Sales 36 Heyington Place Toorak was sold by Tom Staughton and Mike Gibson of Kay and Burton. Assuming a complete [...]
Mixed results but overall still strong.

Mixed results but overall still strong.

Surprisingly Malvern East’s Gasgoine Estate was dead as a doornail today with 3 pass-ins from 3 homes (0% clearance); as was Toorak with only 1 from 5 selling or 20% clearance rate but everywhere else was very strong. Overall Stonnington which covers Armadale, Malvern, Malvern East, South Yarra, Toorak and we include [...]
In the trenches: report on million-dollar Melbourne

In the trenches: report on million-dollar Melbourne

It is 6pm Saturday and the James Auction Clearance Rate on the 32 $1m+ properties we attended and reported on today was 72 per cent. The REIV’s clearance rate was declared at 82 per cent but they are missing around 200 auction results and our guess is the clearance rate has dropped below 80 per [...]
Bidders, Bidders, Bidders

Bidders, Bidders, Bidders

There are a huge number of auctions and private sales in Stonnington this week and next week. The most dominating number is 3.875 – that is the average bidders at auctions we reported on below. 31 bidders at 8 auctions. Stock has increased and bidders numbers have actually risen substantially. Here are [...]
Well done Bennison Mackinnon

Well done Bennison Mackinnon

Well done, Iain Carmichael. Well done, Richard Mackinnon. Well done to all directors of Bennison Mackinnon Armadale. Have you noticed a change in the air in Stonnington, have you noticed the new hot Armadale company to sell your home through? Bennison Mackinnon. They have taken a stance on buyer respect and it seems [...]
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 [...]
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, [...]
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 [...]
Gascoigne Gem

Gascoigne Gem

Up for auction this weekend – it has been on the market for some time, albeit with another agency – is 25 Central Park Road in East Malvern. Many will see the romance in this house: it has plenty of scope for improvement while retaining the original house heartbeat. Among the big pluses here are position (the Gascoigne Estate does [...]
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 [...]
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 [...]
In our opinion, the Melbourne million-dollar-plus market could have risen by as much as 10 per cent in the past six weeks

In our opinion, the Melbourne million-dollar-plus market could have risen by as much as 10 per cent in the past six weeks

The James Clearance rate stands at 83 per cent on the 23 auctions of million-dollar-plus properties we attended today. Please note James Market News is now translated into Chinese by Su who now works with us and can be viewed by clicking button to the right of this column. This weekend, we thought you may be interested to read part [...]
Buyers Are Not Mucking About

Buyers Are Not Mucking About

It’s 5pm and we have a 56% clearance rate on the 16 $1 million-plus auctions we attended today. There has been significant bad news in the papers this week and, of course, people naturally get nervous again. Did it influence the market? Maybe. Today, however, we did not feel the vibe of doom so evident [...]

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