Marshall White - Market Update Report - Issue 2, 2024: Hamish Tostevin - Boroondara

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Feature Property

3 Linda Crescent, Hawthorn

Boroondara with Hamish Tostevin

Tostevin 0408 004 766 hamish.tostevin@marshallwhite.com.au

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

Hamish

Property Highlight

In excess of $2,550,000

Community

Marshall White Foundation Ball

A heartfelt thanks to all our attendees, sponsors, and volunteers for your incredible support. We raised over $150,000 to support crucial initiatives with You Matter and Launch Housing.

Step inside and soak up the total transformation which has taken place inside this clinker brick Art Deco semi-detached home. The interior over 3-levels features a magnificent family domain incorporating a state-of-the-art stone/Euro kitchen and WIP/laundry; plus glass walls, a cantlevered ceiling void and northern widows designed to maximise natural light and open to a wide undercover deck

Lifstyle

Puttanesca Osteria | Clifton Hotel | 99 High Street, Kew

The new centrepiece of the Clifton Hotel serves woodfired clam pizzas, bolognaise jaffles and an Italian-style riff on the pub burger in a room decorated with Sophia Loren posters.

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