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

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Feature Property

Boroondara with Charlie Tostevin

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.

Boroondara April - July 544 194 $ 2,630,893 $ 2,842,864 $ 8,800,000 $ 551,515,539

Charlie Tostevin 0431 713 205 charlie.tostevin@marshallwhite.com.au

A 3 B 1 C 2 E 670 approx.

Sold in excess of $2,300,000

435 Mont Albert Road, Mont Albert

A 3 B 2 C 2 E 691 approx.

Sold in excess of $3,300,000

This charming 1920 Californian family home blends period appeal with modern updates. Held by the same family for fifty years, it sits on a 670sqm flat allotment in leafy Surrey Hills. Options include extending the current home, building a new residence with a pool, or developing townhouses (STCA), each offering excellent capital gains in this sought-after area.

“The Monet” embodies the timeless elegance of French provincial design, offering luxury throughout its single-level interior. This statement family home features an eye-catching rendered façade and slate-style roof tiles, making it ideal for retirees seeking quality and prime location, or families drawn to a desirable lifestyle.

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