Marshall White - Market Update Report - Issue 2, 2024: Kane Penhalluraiack - Boroondara

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6 Carson Avenue, Mont Albert

Boroondara with Kane Penhalluriack

Kane Penhalluriack 0406 556 445 kane.penhalluriack@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

Step inside and be captivated by this immaculately presented, superbly renovated and extended family home where the interior has been architecturally designed; creating a wow factor and leaving a lasting impression. Luxuriously appointed, the style and attention to detail throughout the home leaves nothing to be desired.

The irresistibly appealing street presence of this magnificent c1888 double fronted Victorian residence is more than matched inside by the beautiful blend of period elegance and inspired contemporary style that define every impressively proportioned family dimension.

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