Marshall White - Market Update Report - Issue 2, 2024: Stuart Evans - Boroondara

Page 1


Feature Property

15 Grattan Street, Hawthorn

Boroondara with Stuart Evans

The market has been outperforming media portrayals, especially in more affluent suburbs where demand remains strong in this "price sensitive" market.

Well-advised vendors and accurate Statements of Information (SOIs) have led to high success rates in auctions and Expression of Interest (EOI) campaigns, with international clients forming a significant buyer base. Auctions, the preferred method, have experienced 70-90% success rates to date in 2024.

Boroondara's appeal endures due to its proximity to schools, amenities, and lifestyle benefits. Recently renovated, turnkey family homes continue to achieve strong results. Auctions were best for $2-5 million homes, offering unconditional sales and transparency. Downsizers were active, seeking apartments and single-level options near amenities.

An increased volume of listings is expected from August to November, steady conditions through Christmas, with potential fluctuations based on interest rate movements.

544 194 $2,630,893 $2,842,864 $8,800,000 $551,515,539

Stuart Evans 0402 067 710 stuart.evans@marshallwhite.com.au

This magnificent c1888 Victorian residence’s impressive dimensions beautifully blend period elegance with contemporary style. A gracious sitting room and elegant formal dining room complement a gourmet kitchen and expansive living/dining room opening to a private northeast garden and recreation/rumpus room.

This elegantly renovated Edwardian residence presents four bedrooms, an open study and the perfect synthesis of its original period character with a contemporary free-flowing alfresco spirit. Underpinned by a Miele-equipped kitchen of stone with an induction cooktop, the home also features built-in robes in three bedrooms, a showpiece central bathroom, central heating, air conditioning and driveway parking.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.