Property Market Update Stonnington
Edition 2, 2020 The recent COVID-19 Stage 4 restrictions will obviously have an indelible effect on all Victorians, and we appreciate that big decisions about property or changing lifestyle may not be top of mind for most of you. We are also acutely aware of the pressures many of you will be feeling during this time and we wish you and those close to you the very best of health and a safe path out of this crisis. Despite the demanding times, many of our clients continue to buy and sell homes in the highly sought-after areas of Melbourne we serve and we felt a review of the property market in your local area might serve as a welcome distraction.
Andrew Hayne M 0418 395 349 P 9822 9999 E andrew.hayne@marshallwhite.com.au
We look forward to a brighter Spring and a return to a 'new normal' where we can again be close to family and friends, and for many of us, a time when we can enjoy Melbourne's favourite pastime - property! Stay safe and please reach out should you require any assistance or just a little advice.
From the Agent Andrew Hayne 's take on the market this quarter
While it has been a very challenging time for all Melburnians, the property market has shown remarkable resilience in the face of the many obstacles created by the COVID-19 pandemic. During our first lockdown we were able to adapt and pivot towards online and digital solutions that enabled both vendors and buyers to continue to transact property safely and successfully. There has also been a surge in discreet off market sales. In the brief period when onsite auctions were permitted, the strength of the market was evidenced by auction clearance rates that had returned to the high numbers we saw in the pre-COVID months. Despite media predictions, prices have remained relatively stable with quality property performing particularly well. Now that we are heading towards spring, we are experiencing increased traffic on all real estate websites, with buyers hoping for an influx of new property on the market.
7 Royal Crescent, Armadale - 4 Bed / 2 Bath / 2 Car
Feature Property 7 Royal Crescent, Armadale - 4 Bed / 2 Bath / 2 Car
The architecturally brilliant renovation of this brick Victorian residence has resulted in an inspired marriage of period grandeur and stunning contemporary design. Exclusively positioned within the Munro Estate walking distance to High St, excellent schools and Armadale station, it provides a single level family domain without peer. The main bedroom with marble gas fire is appointed with a designer ensuite and walk in robe. Two additional bedrooms with robes are complemented by a stylish bathroom. The sleek Gaggenau kitchen and sun-drenched living and dining rooms open through vast glass sliders to the private northfacing garden.
COVID-19 OPEN FOR BUSINESS
LOVE ME LOVE YOU
Marshall White remains open for business - we have adapted our services to ensure that we can continue to safely meet your needs. Our powerful SMART tools and digital solutions, allow us to facilitate our clients to achieve their property goals.
Love Me Love You is a grass roots, non-profit organisation that strives to empower and build resilience in young adults so that they may overcome the stigma surrounding mental health and other life hardships. With support from the Marshall White Foundation, LMLY works closely with the community to bring awareness, and also provide a range of events and programs to benefit the wider community.
Marshall White continues to deliver outstanding results, while we practice social distancing. To find out more visit: marshallwhite.com.au
Fore more Information or to get involved please visit; lovemeloveyou.org.au
Some of Our Exceptional Results
22 Epping Street, Malvern East
3 Meryl Street, Armadale
14 Kerferd Street, Malvern East
4 2 2 Sold for $3,820,000
2 1 Sold for $1,485,000
4 3 2 Sold for an undisclosed price
30 Trinian Street, Prahran
27 Balmerino Avenue, Toorak
61 Beaver Street, Malvern East
3 2 1 Sold in the vicinity of $2,250,000
4 2 4 Sold for an undisclosed price
5 3 2 Sold in excess of $4,500,000
1 Linden Court, Prahran
6 Monaro Road, Kooyong
74 Sutherland Road, Armadale
4 3 2 Sold for an undisclosed price
4 2 2 Sold for an undisclosed price
4 2 1 Sold for an undisclosed price