Feature Property
Boroondara with Julian Papas
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
Julian Papas 0411 748 411 julian.papas@marshallwhite.com.au
Magnificently set within 1858sqm approx. in Scotch Hill’s most prestigious street, this illustrious Tudor residence, previously renovated by celebrated architects Kennedy Nolan delivers outstanding resortstyle family living with tennis court, pool and golf practice area. Sold for a price that delighted our vendor.
Evoking the architecture, grandeur and garden surrounds of an authentic Tuscan Villa, this glorious architect designed residence’s expansive indoor and outdoor dimensions provide an idyllic setting for a memorable family future of relaxed living and lavish entertaining. Sold at auction with four bidders for a price that delighted our vendor, significantly exceeding their expectations.
