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.
David Smith M 0402 361 680 P 8862 4935 E david.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 David Smith'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 Darcombe Development
Daracombe Kew, is set to become one of Melbourne´s finest places to call home. Crafted by esteemed firm Conrad Architects, this contemporary and refined set of residences encapsulates everything Kew is so widely celebrated for while also bringing something unique to the suburb´s architectural landscape. Tailored for those with a penchant for luxury living, surround yourself with timeless quality in one of Melbourne´s most coveted, connected and culturally rich locales. From critically acclaimed dining spots to inexplicably beautiful parks and gardens, the Kew lifestyle is second to none, perfectly intertwining history and innovation.
7 Daracombe Avenue, Kew
22 Hawthorn Glen, Hawthorn
Family Excellence on Scotch Hill 22 Hawthorn Glen, Hawthorn
This elegant 5-bedroom residence delivers a family lifestyle of luxury and refinement. The imposing foyer flows through to formal rooms, superb kitchen and family/meals room. A sensational rumpus room, studio/gym and home office open to the private garden. Land size: 892sqm approx.
A Word From My Clients My wife and I were very pleased indeed to have David Smith of Marshall White act as Auctioneer in the recent sale of our home. He proved to be a most genial and thoroughly competent professional. We would be pleased to speak on his behalf. Rick & Margaret
We have recently sold our townhouse in Camberwell through Marshall White, with a result far exceeding our most optimistic expectations. Every aspect of our marketing and sales campaign was conducted in a very professional way by David Smith. David was prompt to resolve any issues that were raised. Through a series of scheduled meetings with David we were kept fully informed of the progress of the campaign in the weeks and days leading up to the auction. Bob & Pam
Some of Our Exceptional Results
33 Mangarra Road, Canterbury
25 Highfield Road, Canterbury
29 Edgevale Road, Kew
5 3 2 Sold in the vicinity of $4,100,000
5 3 2 Sold in the vicinity of $2,800,000
4 2 1 Sold in the vicinity of $2,600,000
21 Alexandra Avenue, Canterbury
38 Bennett Parade, Kew East
54 Manningtree Road, Hawthorn
4 2 2 Sold in the vicinity of $3,200,000
5 3 2 Sold in the vicinity of $3,000,000
4 1 2 Sold for $1,960,000
21 Drewett Street, Surrey Hills
6 Inverleith Street, Hawthorn
16 Frederick Street, Balwyn
4 2 2 Sold for $1,880,000
4 1 1 Sold in the vicinity of $1,800,000
3 1 2 Sold in the vicinity of $1,900,000