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.
Stuart Evans | Director M 0402 067 710 P 8862 4928 E stuart.evans@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 Stuart'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 Fonda Hawthorn
Fonda, or "La Fonda" refers to a hotel or a small house in Mexico that does food. Owners David Youl and Tim McDonald describe the restaurants as a, "Casual, accessible Mamasita." It has its own take on good food served quickly. Fonda sources tacos from La Tortilleria (the only place to make them from real corn) and look out for the Mexican Meatball burrito. All of its fresh ingredients come from the Queen Vic Market, and rice is substituted with quinoa. Fonda Hawthorn has a contemporary spin on traditional Mexican architecture where geometric patterns reign supreme. Fonda´s never claimed to do traditional Mexican street food, but if you´re looking for a relaxed Mexican-inspired local, look no further.
30 Essex Road, Surrey Hills
Feature Property 30 Essex Road, Surrey Hills
Having started our campaign pre-coronavirus in March we were anticipating high number of inspections all conducted through our standard open for inspections Process. However within seven days of launching our campaign coronavirus forced us into a very unconventional and new campaign. A great result was still obtained. Inspections were conducted privately one on one. This resulted in 2 buyers both putting forward offers in excess of our vendors acceptable price and an end sale price in excess of $3,200,000. This sale was a great example of strong results being obtained throughout the first lockdown period.
A Word From My Clients It has been a great pleasure to work with Stuart. He has the best positive attitude I have ever seen. Even in tougher market conditions he still always looks for good and never gives up. Every difficulty we faced during the process, he with his team have overcome them, and were able to get the property sold at a good price. We believe Stuart can get the best possible result for his clients because his hard working, high efficiency, thoughtful and down to earth attitudes. He is also a wonderful communicator and it was a nice experience to work with him. If you have any property to sell, go to Stuart. You will be pleased at the end of the day to choose him as your agent! Andy & Cathy
From the moment you came into our house radiating good vibes, we had the feeling there would be no-one better riding with on the scary real estate roller coaster. For that, and for all the work you did for us behind the scenes, we will always remember you. Thanks so much!! Damian & Jane
Some of Our Exceptional Results
27 Cooloongatta Road, Camberwell
17 King Street, Camberwell
33 Mangarra Road, Canterbury
5 5 2 Sold in the vicinity of $3,300,000
3 1 1 Sold in excess of $1,950,000
5 3 2 Sold in excess of $4,100,000
2 Selbourne Street, Hawthorn
98 Yarra Boulevard, Kew
104 Middlesex Road, Surrey Hills
3 2 Sold in excess of $1,850,000
6 3 5 Sold for an undisclosed price
4 4 2 Sold for $2,491,000
3 Chrystobel Crescent, Hawthorn
117 Brougham Street, Kew
98 Rathmines Road, Hawthorn East
4 2 2 Sold for $4,850,000
2 1 Sold in excess of $1,500,000
4 2 Sold in the vicinity of $2,000,000