Marshall White - Market Update Report - Issue 2, 2024: Anthony Smith - Boroondara

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Feature Property

Boroondara with Anthony Smith

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

Anthony Smith 0419 888 980 anthony.smith@marshallwhite.com.au

Victoria Crescent, Mont Albert

A 5 B 4 C 4 E 1301 approx.

in the mid $3,000,000's

880 Glenferrie Road, Kew A 5 B 3 C 4 E 1157 approx.

for an exceptional price

A beautiful canopy of trees flows along Victoria Crescent in front of “Oakfield” an impressive Edwardian family residence c1920. Surrounded by a glorious, lush, gardens including a soaring front Golden Elm tree. Providing a serene living environment on a magnificent, deep allotment of 1,300sqm. approx.

A splendid example of grand Victorian architecture, this landmark c1886 mansion set within 1157sqm approx. of landscaped garden and pool surrounds impressively displays the magnificent proportions and exquisite original elegance of the era.

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