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.
Laurence Murphy M 0421 829 028 P 9822 9999 E laurence.murphy@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 Laurence Murphy'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 Adeney Milkbar
Growing up around the corner, brother-and-sister duo James and Cat Laskie recognised the potential in the old milk bar on the corner long before its reinvention. The current owners still offer a great, simple menu that offers something for everyone, the locals continue to give Adeney the thumbs up, and the little milk bar on the corner lives on.
Support Local. Adeney Milkbar is open for takeaway food and drinks only. All their delicious menu item's are available!
6 Wishart Street, Kew
Feature Property 6 Wishart Street, Kew
This home certainly attracted a lot of interest from the market due to its great location and extensive renovation it had undergone. It was appealing to families that wanted good proximity to the private schools in the area and the expansive parklands that were close by. "Beautifully renovated throughout this captivating home offers luxurious indoor/outdoor enjoyment on a grand scale. On approx. 615sqm in tightly-held Kew, it features generous proportions throughout, versatile living options, a magnificent kitchen and stunning alfresco courtyard. Brimming with light, it boasts five large bedrooms, four bathrooms, open-plan family domain, formal lounge, study, retreat and an extensive terrace overlooking lush gardens" The eventual sale price was undisclosed but was very close to $3,000,000 and sold to a lovely local family.
A Word From My Clients Uniformly excellent advice and service from Laurence and the team throughout the campaign and an exceptional result - what more could you ask? I would recommend Marshall White to anyone who wants a smooth and successful process in selling their home.
Laurence is a most genuine, professional and extremely approachable at all times. He did not hesitate in communicating realistic scenarios that were very much grounded demonstrating his knowledge of current market trends.
David
Most of all, I was impressed with Laurence´s honesty and found that to be very reassuring for me in making the decision to sell my family home. A huge thank you Laurence, for making the selling process so easy for us. Dino De Propertis
Some of Our Exceptional Results
6 Bickleigh Street, Glen Iris
54 Manningtree Road, Hawthorn
27 Cooloongatta Road, Camberwell
4 2 2 Sold in excess of $2,360,000
4 1 2 Sold for $1,960,000
5 5 2 Sold in excess of $3,250,000
250 Mont Albert Road, Surrey Hills
14 Kyora Parade, Balwyn North
22 Hawthorn Glen, Hawthorn
4 3 2 Sold in excess of $2,100,000
6 3 2 Sold in excess of $2,350,000
5 3 2 Sold in excess of $5,100,000
20 Pleasant Road, Hawthorn East
17 King Street, Camberwell
33 Mangarra Road, Canterbury
4 2 2 Sold in excess of $2,250,000
3 1 1 Sold in excess of $1,950,000
5 2 2 Sold in excess of $4,100,000