Marshall White - Market Update Report - Issue 2, 2024: Nicholas Franzmann - Boroondara

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Feature Property

Boroondara with Nicholas Franzmann

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 70-83% success rates across Boroondara to date in 2024.

In Boroondara, where Marshall White holds a commanding 35% market share, the area'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

Nicholas Franzmann 0412 247 175 nicholas.franzmann@marshallwhite.com.au

1/1 Royal Crescent, Camberwell

A 4 B 2 C 2 E 450 approx.

Sold in excess of $2,700,000

You Matter

youmatter.org.au

You Matter works with family violence support agencies and goods donation partners to create Havens for women and children escaping family violence.

This gracefully renovated, solid brick, Queen Anne style residence presents a remarkably low maintenance setting of supreme convenience. Grandly set on bluestone foundations with perfectly preserved tuck-pointing, a slate roof, defining conical spire, leadlight windows and exquisite internal detail, the home reveals an expansive open-plan dining/living/kitchen, flowing to an entertainers’ courtyard.

Clifton Hotel - Puttanesca

99 High St, Kew

Australian Grossi Group chef and restauranteur Guy Grossi revitalised the former Kew Junction pub with his permanent presence in the form of the new multi-venue establishment Clifton Hotel.

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