Property Market Update Boroondara
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.
Anthony Smith M 0419 888 980 P 8862 4941 E Anthony.Smith@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 Anthony'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.
Boroondara Lifestyle Santoni Hawthorn
Everyday coffee, all day pizza. Santoni is a three level eatery with a rooftop in the heart of hawthorn. Santoni is your local Italian that´s all about sharing good food, a few laughs and a drink or two with family and friends. casual dining at its best the menu is designed for sharing and is suitable for all ages. Rotating menus seasonally and sourcing only the best produce both locally and imported they aim to keep dishing up nonnas favourite plates for the fam.
30 Essex Road, Surrey Hills
Feature Property 30 Essex Road, Surrey Hills
Having started our campaign pre-coronavirus in March we were anticipating high number of inspections all conducted through our standard open for inspections Process. However within seven days of launching our campaign coronavirus forced us into a very unconventional and new campaign. A great result was still obtained. Inspections were conducted privately one on one. This resulted in 2 buyers both putting forward offers in excess of our vendors acceptable price & an end sale price in excess of $3,200,000. This sale was a great example of strong results being obtained throughout the first lockdown period.
A Word From My Clients Fabulous Hawthorn Agent
A True Gentleman
We felt most comfortable with Anthony's demeanour and approach, and he involved both my wife and I along each step of the sale process. Would gladly recommend Anthony and his team for anyone in the selling process.
Anthony was a delight. Immaculately presented, sincere, warm and highly professional He auctioned a property for us in March and was very commanding and to the point with a great result. He has a delightfully humble yet professional manner. I truly cannot recommend him highly enough.
Brett & Sharon Robyn & Jason
Some of Our Exceptional Results
27 Cooloongatta Road, Camberwell
17 King Street, Camberwell
33 Mangarra Road, Canterbury
5 5 2 Sold in the vicinity of $3,300,000
3 1 1 Sold in excess of $1,950,000
5 3 2 Sold in excess of $4,100,000
2 Selbourne Street, Hawthorn
98 Yarra Boulevard, Kew
104 Middlesex Road, Surrey Hills
3 2 Sold in excess of $1,850,000
6 3 5 Sold for an undisclosed price
4 4 2 Sold for $2,491,000
3 Chrystobel Crescent, Hawthorn
117 Brougham Street, Kew
98 Rathmines Road, Hawthorn East
4 2 2 Sold for $4,850,000
2 1 Sold in excess of $1,500,000
4 2 Sold in excess of $2,000,000