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.
DĂŠsirĂŠe Wakim M 0412 336 266 P 9822 9999 E desiree.wakim@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 DĂŠsirĂŠe Wakim'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 Dish & Spoon Cafe
Husband-and-wife duo who met as teenagers started Dish & Spoon Cafe back in 2016 but their journey into and through hospitality actually extends as far back as they can remember. They strive to provide a nice casual experience where seasonal produce is plenty, specialty coffee is not just for the coffee enthusiast and our customer service is a top priority. The Cafe is open for breakfast and lunch daily and have quickly adapted to the current circumstances offering meal packs, with the Sunday roast especially popular.
3 Chrystobel Crescent, Hawthorn
Feature Property 3 Chrystobel Crescent, Hawthorn
This impressive, superbly renovated Grace Park Estate Victorian family residence features a designer-style, light & bright interior with a double arched hallway flowing past two formal front rooms, four bedrooms, main with WIR+ensuite, a family bathroom, powder room and laundry. Through to a stunning glass-walled family living area incorporating a study, sleek entertainer´s kitchen equipped with prestige Miele appliances and butler´s pantry; overlooking a solar-heated pool, paved outdoor entertaining area and a north-facing, private terraced garden - delivering tranquil areas for family relaxation or alfresco dining. Includes: front off street parking as well as rear garage accessed from Mary Street. Successfully sold in the vicinity of $4,800,000.
A Word From Désirée If you are interested in a current reliable appraisal of your property but don't want to have anyone entering your home Désirée Wakim would be delighted to provide you with a curb-side appraisal. A curb-side appraisal involves Désirée driving past your home and researching land size, zoning and relevant recent sales and look at any videos or photos you are happy to provide to gain an appreciation of the current condition. Désirée will then email you a letter containing an accurate price and a list of relevant recent sales for your records and naturally if you are considering a sale Désirée would be happy to advise you on the options and sale methods available to you.
If you would like a curb-side appraisal please call Désirée on 0412 336 266 or email her at desiree.wakim@marshallwhite.com.au
Some of Our Exceptional Results
3 Harts Parade, Hawthorn East
6 St Columbs Street, Hawthorn
8-9 River Retreat, Kew
5 3 2 Sold for $3,111,000
4 2 2 Sold for $2,630,000
5 2 6 Sold for $6,000,000
17 King Street, Camberwell
22 Hawthorn Glen, Hawthorn
27 Cooloongatta Road, Camberwell
3 1 1 Sold for $1,960,000
5 3 2 Sold for $5,150,000
5 5 2 Sold for $3,300,000
29 Edgevale Road, Kew
33 Mangarra Road, Canterbury
30 Essex Road, Surrey Hills
4 2 1 Sold for $2,600,000
5 3 2 Sold for $4,120,000
4 2 6 Sold for $3,231,000