Marshall White - Market Update Report - Issue 2, 2024: Ashburton & Glen Iris - Stonnington

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Feature Property

26 Bella Vista Road, Glen Iris

Boroondara with Daniel Wheeler

Daniel Wheeler 0411 676 058 daniel.wheeler@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.

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

by European elegance and grandeur and set against a glorious garden and pool backdrop, this magnificent 5-bedroom residence is breathtaking in scale and unbridled in luxury.

10

A 5 B 4 C 2 E 675 approx. Sold in excess of $5,500,000

In a glorious garden and pool setting, this

12

A 4 B 2 C 4 E 778 approx. Sold in excess of $3,300,000

Greendale Road, Glen Iris
Distinguished
Highgate Grove, Ashburton
captivating c1926 4-bedroom residence provides the perfect backdrop to a lifetime of family memories.

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