September 10, 2025

Address: 44 Mary Street, Hawthorn 

Auctioneer: Steve Abbott

SOI: $6,500,000 – $6,900,000

Crowd: 66

Opening Bid: $6,500,000 vendor bid

Passed in: $6,945,000

Sold After; Undisclosed

Bidderman: 2

Rating link: https://marketnews.com.au/44-mary-street-hawthorn-james-home-ratings/

Reporter: Randall

The Grace Park address drew a solid crowd that stood on the opposite side of the street. It contained two bidders who tested one another after the regulation vendor bid to open. Bidding moved firmly to $6,850,000, then from here a few $10,000 rises were added until the home passed in to the initial bidder.

26 Chatsworth Road, Prahran

Auctioneer: Tom McCarthy 

SOI: $2,000,000 – $2,200,000

Crowd: 60

Opening Bid: $1,800,000

On the Market: $2,290,000

Under the Hammer: $2,290,000

Bidderman: 3

Rating link: https://marketnews.com.au/26-chatsworth-road-prahran-james-home-ratings/

Reporter: Kathy

After a slow start, with the opening bid under the quoted range, three bidders gradually increased their bidding pace. After a quick break, the property was declared on the market and sold to bidder two.

55 Well Street Brighton

For vendors considering auction in the next 60 days. The market looks strong (and it is)— but look a little closer.

Address: 55 Well Street Brighton Auctioneer: Halli Moore SOI: $2,900,000 – $3,100,000 Crowd: 30 Opening Bid: $2,900,000 VB On the Market: $3,200,000 Under the Hammer: $3,210,000 Bidderman: 2 Reporter: Catherine

It was a bitter wind blowing in Brighton today but not at 55 Well street where a crowd of 30 gathered to see a call for offers. Undeterred auctioneer Halle Moore opened proceedings with a vendor bid of $2,900,000 and bids were quickly underway between two parties. A referral at $3,200,000 saw the home placed onto the market and sold shortly afterward for $3,210,000.

 G’day I hope you’re well and feeling the energy shift as we move into spring prep. I just wanted to share something I’m seeing that could make a real difference to your outcome if you’re planning a move.


Last week, Domain reported a 73% Melbourne auction clearance rate. But REIV’s Top 20 results? Just 50%. Dig deeper, and only 2 of the 10 failed auctions have sold a week on—one is under offer, the rest still unsold, most asking well above pass-in levels. This gap between spin and outcomes has not been closed.

Key Learnings:
  • Market strength helps, but doesn’t guarantee success
  • Agent pricing accuracy is still critical.
  • Listening and adjusting early beats waiting and discounting later


Yes the world is alive with underquoting and it’s real but there is a flipside and that is overquoting. 7 of 10 of last weeks pass-in vendors remain unsold a week on!
This isn’t about being conservative. It’s about being smart and strategic in a nuanced market.


Good decisions now set you up for a great spring.
582 Neerim Rd HUGHESDALE $3,650,000 Passed In For sale $3,899,000
372 Beach Rd BEAUMARIS $3,400,000 Passed In For sale $3,550,000 $3,750,000
138 Marshall St IVANHOE $3,090,000 Passed In UNDER OFFER $3,150,000
67 Swallow St PORT MELBOURNE undisclosed Passed In For sale $3,095,000
192 Drummond St CARLTON $2,600,000 Passed In For sale $2,910,000 $3,100,000
104 Abbott St SANDRINGHAM undisclosed Passed In For sale $2,600,000 $2,800,000
135 Through Rd CAMBERWELL $undisclosed Passed In SOLD $2,758,000
4 Lydson St MURRUMBEENA $2,500,000 Passed In Withdrawn?
10 Speers Ct WARRANDYTE $2,500,000 Passed In For sale $2,595,000
4 Emo Rd MALVERN EAST $2,500,000 Passed In SOLD undisclosed

Every week I see dozens of homes, but every so often one stands out — not because it’s the flashiest or newest, but because it simply works. This week, that home was 4 Loch Street, Surrey Hills.

 

I’ve always had a soft spot for Fasham Johnson homes, and this one is a textbook example of why. Built around 30 years ago, its design philosophy is timeless. Clean lines, clever use of light, and a floor plan that’s just as relevant today as when it was first drawn. Homes like this aren’t about showing off — they’re about living well.

 

On 710sqm, it’s not the largest block in Surrey Hills, yet the design captures every inch. A west-facing rear could be seen as a drawback, but not here — the home cleverly brings north light into the living areas, making the spaces bright and warm. The bedroom separation is smart, giving parents and children their own zones. Yes, the bedrooms might feel a little smaller by today’s oversized standards, but maybe that’s a gentle reminder that life doesn’t have to be about excess.

 

And that’s where this home really connects with me. Its simplicity isn’t spartan — it’s clarity. There’s space to breathe, space to live, but not so much house that you spend your life paying for it, cleaning it, or filling it with stuff. Compare that to a massive mortgage, endless overtime, and barely seeing your children — the choice feels obvious.

 

It’s the kind of place you can live in your whole life: from moving out on your own, to living as a couple, through the primary and secondary school years, to becoming empty nesters, and beyond. It’s all single-level, so it works beautifully as you get older. You can lock it up and travel for months. You can rent it out without lifting a finger. Buy once, pay the government once, and live the rest of your life incredibly well. This one’s a quiet achiever—but a brilliant home.

 

I thought of a wonderful couple I’ve worked with in Canterbury and revisited them this week — they chose the simple, humble life years ago. No unnecessary debt, no chasing appearances, just focus on family and what matters. And they’ve thrived. It’s the philosophy behind books like The Millionaire Next Door: true wealth is freedom, not consumption.

 

4 Loch Street embodies that same spirit. A timeless, functional home, family-friendly location, and value that will endure. For me, it’s the clearest example this week that good design and a simple life go hand in hand.

“The Millionaire Next Door” suggests that accumulating wealth is often a result of a lifestyle of frugality, hard work, and strategic planning, rather than high income or flashy spending. For home buying, this translates to prioritizing mortgage affordability and avoiding status-driven spending, rather than maximizing home value or location. Millionaires, according to the book, often choose homes that are affordable, costing no more than twice their annual household income.

Key takeaways from “The Millionaire Next Door” regarding home buying:

  • Affordability is key:
Millionaires prioritize living within their means and avoid mortgages that are too large a burden. They often buy homes that are significantly less expensive than their income would allow.

  • Location, location, but not always luxury:
While millionaires do value a good location, they don’t necessarily need to live in the most prestigious neighbourhoods. Often, they choose locations where they can live comfortably without feeling pressure to keep up with expensive lifestyles.

  • Frugality over flashiness:
They focus on building wealth through investments rather than spending on high-end homes as a status symbol.

  • Long-term perspective:
Millionaires often view their homes as a place to live and save, rather than solely as investments. They consider the long-term implications of their housing choices on their overall financial health. In essence, “The Millionaire Next Door” suggests that buying a home is a practical decision driven by affordability and lifestyle needs, not a way to flaunt wealth or chase status. Source Gemini

Do you have an off-market for any of our James Buyer Advocacy clients?

PRICEPOSITIONPROPERTY
3.5mBrighton Church St PrecinctApartment
5mMalvern EastFamily home double garage
2mCarnegie to RichmondTownhouse
3.5mCamberwell; Canterbury, KewNew Home
1.5mCaulfield South Elsternwick Brighton North3B/2B/2C Land for dog
7mLarger block and family homeBigger yard, will reno
6mCamberwell HawthornRenovation Value Add up to $2m
3mSurrey Hills, Canterbury areaLow maintenance, no reno
1.6mFitzroy North, Carlton NorthFirst family home
1.5mAnderson Park Area – HawthornTownhouse for single

If you do great – we can come and have a look. Simone 0400304111 or Mal 0408107988

Some of the homes we are providing selling advocacy advice and services on this week

Come have a look! Need a Private Inspection call Simone 0400304111 or Mal 0408107988

Eaglemont contact agents at end of video