Marshall White - Market Update Report - Issue 2, 2024: William Chen - Boroondara

Page 1


Feature Property

Hood Street, Balwyn North

Boroondara with

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.

Awards

No.30 2013 REB Top100 Agents Award No.35 2014 REB Top100 Agents Award No.22 2015 REB Top100 Agents Award No.31 2016 REB Top100 Agents Award 2017 REB Top100 Agents Award No.50 2018 REB Top100 Agents Award No.50 2019 REB Top100 Agents Award No.27 2022 REB Top100 Agents Award No.22 2023 REB Top100 Agents (VIC) Award No.82 2023 REB Top100 Agents Award No.22 2023 REB Top100 Agents (VIC) Award No.35 2024 REB Top50 Agents (VIC) Award

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

William Chen 0438 383 336 william.chen@marshallwhite.com.au
Inspired by the grandeur of the world’s finest French Provincial homes, this lavishly proportioned family residence is perfectly presented, as new, with
Balwyn High School zone.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.