Property Market Update Boroondara
Edition 1, 2020 We have experienced a mixed start to 2020 in Real Estate, with strong auction success rates and a spike in the number of listings suggesting a strengthening of the market. However, while stock levels remain reasonably high and with many active buyers and sellers in the market, the impact of COVID-19 is yet to be fully realized and the ongoing health of our team, our clients and the community becomes our primary concern. In accordance with the most recent Federal Government guidelines, public auctions will be cancelled with immediate effect. All of Marshall White's current listings will now be offered via an Expression of Interest or Private Sale campaign. Please contact our agents to express your interest in any of our listed properties. We will continue to provide services to our clients in a considered manner and in a way that respects both the prevailing Government guidelines and the needs of all the participants in the Real Estate market. We understand there will be uncertainty, and in some cases increased anxiety, among those who still wish to buy or sell.
David Smith M 0402 361 680 P 8862 4935 E david.smith@marshallwhite.com.au
We encourage you to call our agents directly for the most current advice we can provide and outline a possible path forward for your Real Estate needs. All of us at Marshall White wish you and your families the very best of health in these difficult times and we remain available to assist in any practical way we can. Simon Jovanovic CEO, Marshall White Group
From David David's take on the market this quarter
The contrast between the start of 2020 and just 12 months ago could not have been more dramatic. With the recovery consolidating in the last quarter of 2019, we were cautiously optimistic for a good start to the year´s auction season. Although there was an increase in the supply of property, it was not enough to keep up with strengthening demand. Vendors who did list their properties were rewarded with auction success rates over 80 per cent and prices that were above expectations. With yet another interest rate cut, a falling Australian dollar and turmoil in the share market, "bricks and mortar" is becoming once again the investment of choice. The Covid 19 virus has introduced an unknown factor to the property market but first indications are that while demand remains strong many potential vendors are choosing to postpone their decision to sell which will put further pressure on prices to potentially increase.
David's Favourite Restaurant Postino
Much like in Italy, your pizza at Postino is made by Italian chefs, using Italian flour & cured meats. The atmosphere is like that of a nonna´s dining room. On the way in, you get a view of the pizza production as the chefs effortlessly toss, spread & garnish. The menu features quintessential Italian pizzas (gluten-free bases available) & follows the Italian communal spirit with many sharing options, including an antipasto board. Take your meal in the comfort of the restaurant or courtyard, or pick up to take home. Never to forget the Italian fondness for coffee, Postino uses beans from Axil Coffee Roasters. The coffee window is open on Friday, Saturday & Sunday mornings so you can grab one on the go.
97 Whitehorse Road, Deepdene 9817 1000
27 Kireep Road, Balwyn
Sensational Home With City Views 27 Kireep Road, Balwyn
Setting a benchmark for family luxury & entertaining, this compelling two-storey contemporary residence opposite Maranoa Gardens in the prized Balwyn High zone is also highlighted by upper-level views of the city skyline. The interior features generous zoned family living/recreation spaces, 6-bedrooms, 2-ensuites, main/WIR & balcony views, family bathroom, laundry, & mud room. An expansive family domain, gourmet kitchen & entertaining verandah overlooking a landscaped garden, s/heated pool & pavilion. Includes v/intercom, alarm, security cameras, d/heating, cooling & vacuum, auto gates/ remote 3-car garage plus OSP with internal access.
A Word From My Clients When we first met David we were very impressed! He listened to our ideas, made suggestions, but never pressured us. He organised everything quickly, as we had time constraint. The advertising was organised quickly, the photography, brochure, the whole campaign was very satisfactory from our account. The auction day was shockingly wet & we had to have the auction indoors, with a large crowd, four bidders & many, many bids culminating in a great result for us. We wish to commend you David on your friendly & gentlemanly approach & we will certainly recommend you to friends thinking of selling their properties.
We acknowledge David's excellent contribution during the campaign process, culminating in him conducting an exceptionally 'well crafted' and well executed auction which resulted in a winning bid on the day. David approached the sale of our property in a methodical, realistic but positive manner. He attended update meetings along the way with well prepared print materials detailing advertising feed back, information on leads, stats on the level of interest as well as a summary on social media initiatives relating to the sale of the property. He is a friendly and engaging person who is a good listener offering considered and informed response.
John & Helen David
Some of My Exceptional Sale Results
24 Corsewall Close, Hawthorn
171 Mont Albert Road, Canterbury
1547 Old Burke Road, Kew East
3 2 1 Sold in the vicinity of $1,400,000
4 3 2 Sold in the vicinity of $3,600,000
4 2 2 Sold in the vicinity of $1,600,000
20 Palmer Avenue, Balwyn
10 Cole Street, Hawthorn East
27 Kireep Road, Balwyn
5 2 2 Sold for $2,505,000
6 3 2 Sold for $3,880,000
6 3 3 Sold in the vicinity of $3,700,000
3/33 Fletcher Street, Hawthorn East
292 Union Road, Balwyn
11 Keystone Crescent, Kew East
3 2 1 Sold for $1,620,000
5 3 2 Sold for $1,998,800
4 1 2 Sold for $1,765,000