Property Market Update Malvern East
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.
Daniel Wheeler M 0411 676 058 P 9822 9999 E daniel.wheeler@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 Daniel Wheeler'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.
61 Beaver Street, Malvern East
Feature Property 61 Beaver Street, Malvern East
Sold in excess of $4,500,000 - 5 Bedrooms / 2 Baths / 2 Cars Defined by elegance and grandeur, this illustrious c1907 Federation residence with 5 generous bedrooms and brilliant zoning responds to every family requirement in the coveted Gascoigne Estate. The entrance hall introduces gracious formal rooms that flow through to a gourmet kitchen and an expansive family room opening to a private north garden and pool. The main bedroom with en suite is conveniently positioned on the ground level with a second bedroom, bathroom and study. A children´s zone upstairs comprises three generous bedrooms, a retreat and bathroom.
A Word From My Clients Thank you Daniel Wheeler It was very difficult decision for us to sell our home which we have put our heart in and lovingly maintained, restored and added to for more than 20 years. But health and coping with the upkeep made this decision for us.
The sale was very fast and we were fortunate enough to have a few interested in our home even during this difficult time of Covid-19 lockdown. We wouldn´t hesitate to recommend him or use his services in the future. Brian & Heather Austin
Daniel was professional and caring for our circumstances. Everything was organised with exceptional precision, staging, photography, virtual tour all seamless. No doubt also due to his excellent staff and recommendations.
Some of Our Exceptional Results
1762-1764 Malvern Road, Malvern East
7 Bowlers Way, Malvern East
20 Darling Road, Malvern East
4 2 3 Sold for $1,801,000
4 2 2 Sold for $1,700,000
4 2 3 Sold in excess of $1,900,000
5 Sycamore Street, Malvern East
14 Kerferd Street, Malvern East
50 Macgregor Street, Malvern East
4 3 2 Sold in excess of $2,000,000
4 3 2 Sold for an undisclosed price
4 2 2 Sold in excess of $2,500,000
51 Hughes Street, Malvern East
371 Waverley Road, Malvern East
7 Sycamore Street, Malvern East
Sold in excess of $1,800,000
4 3 2 Sold for $2,105,000
4 2 2 Sold in excess of $2,100,000