Marshall White - Market Update Report - Issue 2, 2024: Simon Monnier-Penny - Bayside

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Feature Property

Murphy Street, Brighton

with Simon Monnier-Penny

In Bayside, the past months have seen an equal split between Auctions and Expression of Interest campaigns, with 'turnkey' family homes outperforming those requiring renovations.

Proximity to schools has emerged as a key priority for time-poor families with two working parents, allowing children to walk home and alleviating drop-off and pick-up constraints.

The area has also witnessed a strong influx of international buyers enrolling in local schools, further driving demand for properties close to educational institutions.

As we look towards the year ahead, we anticipate an increase in stock levels moving into August, accompanied by steady and ‘logical’ market results.

The prevailing sentiment among buyers and sellers alike is one of calm and considered decision-making, suggesting a period of stability on the horizon for the Bayside property market.

Bayside April - July 2024 368 53 $2,262,555 $2,859,025 $7,250,000 $151,528,300

Prestigiously located in one of Brighton’s most coveted beachside neighbourhoods, this grand, circa-1930s solid brick California Bungalow on 1244 sqm approx. will captivate with a host of unique and outstanding features including a championship-size north/south tennis court.

Grand-scale family living is perfectly located metres from the beach, Brighton Grammar and Church Street. Created with vision and the finest craftsmanship on 823 square metres approx., this beautifully presented home retains its exquisite character and offers todays spaciousness.

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