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.
Charlie Tostevin M 0431 713 205 P 8862 4960 E charlie.tostevin@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 Charlie Tostevin'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 success 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 Piquancy
Piquancy is the more reserved sibling of St Kilda´s Babu Ji. In most other ways, it´s the same sort of place. A large, turban-clad, impressively moustachioed man watches over the space. Like Babu Ji. There´s a GYO (grab your own) fridge containing 40 beers, including 4 Pines pale ale, Stone & Wood Pacific and trusty Kingfisher lager. Like Babu Ji. The food is looks pretty and tastes light and crisp as often as it does rich and aromatic. Familiar dishes such as butter chicken and goat curry appear in "from the pot". But they´re backed by fig, pomegranate and cashewdumpling curry; and a black lentil stew jacked with garlic, ginger and garam masala and simmered for 12 hours. Ninety per cent of the menu is gluten-free. That includes the naan, made with psyllium husk, plus quinoa, chickpea, lentil and corn flours. Phone: (03) 9813 5160 Address: 123 Auburn Road, Hawthorn
12 Russell Street, Camberwell
Feature Property 12 Russell Street, Camberwell
This magnificent landmark Italianate Victorian residence is arguably one of the finest home in the prestigious Tara Estate, and showcases both iconic grandeur and period attributes typical of its era. The interior features a formal sitting room, 6 bedrooms or 5+library/study, main WIR/ensuite, a family bathroom and powder room. An expansive contemporary family living room includes a conservatory with a stylish Granite/Euro kitchen plus a large Butler´s pantry, bar & laundry. All opening to a casual outdoor dining area with a gas mains BBQ & solar heated pool on one side and a northern leafy courtyard garden; whilst the tower has an upper terrace with 360deg views of the Melbourne skyline.
A Word From My Clients Selling a house, particularly one in which you have lived in for over 35 years, is an emotional experience. If you are also inexperienced in the property market, then it is important to have agents you can trust to provide quality advice and support. James and Charlie Tostevin are such agents. James kept in touch with us over many years prior to us putting our house on the market. His enthusiasm and dedication for selling houses was obvious from the first time we met him. This continued throughout the selling campaign. James and Charlie provided clear advice on how we could best market our home. They clarified the purpose of the different marketing strategies and who they were targeting. At all times the costs involved were upfront and clearly stated. We were in regular contact with
both James and Charlie during the selling period in the lead up to auction day they kept us well informed about the progress of the campaign and how it could be tweaked. Following each open they provided us with detailed reports on the number of visitors, the level of interest and buyer comments. We found them to be responsive to our needs, provided informative and an honest appraisal of the situation and we felt secure in following their advice. James is an enthusiastic auctioneer and the auction went smoothly without a hitch. After the auction, James maintained contact and provided feedback and advice on how to go about purchasing a new home. Overall James and Charlie provided personalised and professional service and we would strongly recommend them to anyone.
Some of Our Exceptional Results
1/28 Halley Avenue, Camberwell
16 St Anthony's Place, Kew
7 Ramsay Avenue, Kew East
3 2 2 Sold for $1,610,000
3 2 2 Sold for $1,950,000
4 2 3 Sold for an undisclosed price
104 Middlesex Road, Surrey Hills
3 Chrystobel Crescent, Hawthorn
54 Manningtree Road, Hawthorn
4 4 2 Sold for $2,491,000
4 2 2 Sold in the vicinity of $4,800,000
4 1 2 Sold for $1,960,000
16 Fairmont Avenue, Camberwell
1/10 Yerrin Street, Balwyn
98 Rathmines Road, Hawthorn East
4 3 1 Sold in excess of $2,800,000
4 3 2 Sold for $1,620,000
4 2 1 Sold for $2,090,000