Feature Property
Boroondara with Désirée Wakim
desiree.wakim@marshallwhite.com.au
The Boroondara market surpassed media portrayals this past quarter, particularly in prestigious areas where demand remained strong despite price sensitivity in certain segments.
Well-advised vendors with accurate Statements of Information drove successful outcomes in both auctions and Expression of Interest campaigns, while auctions, the preferred sales method, maintained an impressive 70-90% success rate throughout 2024 thus far.
Boroondara retained its allure, drawing buyers with its proximity to elite schools and premium lifestyle amenities. Recently renovated residences and high-end properties in the $2-15 million bracket continued to command significant sales results, while downsizers actively sought luxury apartments and single-level homes in prime locations, further diversifying the market demand.
We anticipate a rise in property listings from August through December, followed by a period of market stability. While potential interest rate fluctuations may influence market dynamics, the luxury property sector demonstrates resilience, supported by a diverse group of discerning buyers and the enduring attraction of sought-after neighbourhoods
Boroondara April - July 544 194 $ 2,630,893 $ 2,842,864 $ 8,800,000 $ 551,515,539
Désirée Wakim 0412 336 266
Showcasing a peerless marriage of period elegance and captivating designer style, this glorious newly renovated solid brick c1920’s residence’s expansive and versatile dimensions provide an outstanding environment for every stage of modern family life within picturesque north-facing garden surrounds. Sold at auction with two buyers above the reserve price for a result that delighted our vendors.
Evoking the grandeur and elegance of the Victorian era, this distinguished solid brick balconied light filled residence impressively combines exquisite period refinement with lavish contemporary style to create an unforgettably beautiful and functional family domain on the edge of Scotch Hill. Sold after auction for the full asking price.
