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10 Beard Street, Eltham

August 22nd 2017

Resort-style living can be yours

This outstanding Eltham residence is poised and ready for vibrant family life, boasting 2 spacious living zones, stunning alfresco areas and solar heated self-cleaning swimming pool.

The 4-bedroom interior brings 2 modern bathrooms, a well-equipped central kitchen and flexible study/5th bedroom, while outside reveals extensive decking, poolside pavilion with 3rd bathroom and native easy-care gardens.

With seamless indoor/outdoor connection and many quality inclusions—every Eltham amenity just moments away.

Click for more information about 10 Beard Street, Eltham

Alternatively, contact Chris Chapman on 0421 736 592 or Mandy Berenyi on 0413 841 259.

Auction Snapshot: Saturday 19 August

August 21st 2017

What’s happening in the market…

On Saturday, Melbourne achieved its highest auction clearance rate since the 10th of June, which resulted in a median sale price of $882,150.

Although first home buyer activity was expected to go up due to recent legislative changes, the Domain Group stated that, “First home buyer activity in Victoria remains relatively low reflecting recent strong price growth in the Melbourne housing market. Latest data from the ABS reported that 1528 first home buyer loans were approved over June in Victoria, a fall of 2.6 per cent compared to the previous month.”

Saturday 19 August
Number of auctions in Victoria: 821
Clearance rate: 78.3%

The same weekend last year
Number of auctions in Victoria: 657

Clearance rate: 77.7%

Auction highlights…

40 Reading Avenue, Balwyn North

A brilliant location in the prime position of the Balwyn High School zone, this classic home has an exciting future, sitting on a 923 sq m approx. block. The residence provides the ideal opportunity for a new residence (STCA), with Greythorn Primary School at the end of the street and Greythorn Park just around the corner. Congratulations to the lucky buyer – winning it out over five other bidders!

Number of bidders: 6
Sale price: $2,321,000

24 Toogoods Rise, Box Hill North

This neat brick veneer home with original living and dining areas has been substantially extended, and now boasts a generous space suited for a growing family. This low maintenance home extends out to a rear patio with space for alfresco dining and entertaining, northern views and a secure play space. The new home owners can enjoy an easy walk to shops, transport and schools.

Number of bidders: 3
Sale price: $1,186,000

15 Highbury Street, Balwyn North

A warm and inviting home offering multiple solutions for contemporary family living, this traditional English style red brick home, circa 1938, radiates character throughout. The home is set privately on an elevated block in the Balwyn High School Zone, with schools, shops and cafes located a short walk away. Another popular home on auction day that achieved a fantastic result!

Number of bidders: 6
Sale price:
$2,400,000

53 Park Road, Surrey Hills

A gardener’s paradise within a beautiful leafy locale near Wattle Park, village cafes and the No. 70 tram, this much-adored 1950 home is on a deep 1,004 sq m approx. block that could even be the setting for a new residence or townhouses (STCA). The residence also features a self-contained unit at the rear with a private entry, offering the benefit of a dual rental income. Congratulations to the vendors and buyer!

Number of bidders: 3
Sale price:
$2,567,500

8a Madang Avenue, Balwyn

August 17th 2017

A Luxurious Vision

Remarkable in its scale and unmistakable in its design, No. 8A Madang Avenue, Balwyn is a stunning and luxurious residence in one of Melbourne’s most coveted suburbs, architecturally designed to bring to life every aspiration of those seeking a landmark home.

Featuring lofty volumes with an abundance of natural light and expanses of glass, offering views towards a swimming pool, courtyard and landscaped gardens. The timeless elegance of stone and marble, the warmth of dark timbers, and the finest fittings and fixtures combine to create a residence which exudes quality in every detail.

Amongst its significant offerings are five bedrooms with three ensuites, four bathrooms and a powder room. Opulent spaces are a hallmark of the home, with vast formal lounge and living areas, a study and retreat, and a tremendous kitchen with European appliances and accompanying butler’s pantry.

No. 8A Madang Avenue is located in a private and exclusive tree-lined cul-de-sac, only minutes from some of the most prestigious private schools, train and tram access, the Yarra River, Mont Albert Reserve and the beautiful Maranoa Gardens.

Further adding to its appeal is ease of access to the Eastern Freeway and Melbourne CBD, close proximity to restaurants, cafes and retail precincts such as The Village, Westfield Doncaster, Belmore Road and Union Road, as well as Box Hill Hospital, sports grounds and gymnasiums.

Exceptionally appointed throughout and abundant in lifestyle appeal, No. 8A Madang Avenue represents a unique opportunity to own a home which exemplifies the very definition of luxurious contemporary living.

Click for more information about 8a Madang Avenue, Balwyn

Alternatively, contact Mark Fletcher on 0403 387 579 or Tim Heavyside on 0403 020 404.

Auction Snapshot: Saturday 12 August

August 14th 2017

What’s happening in the market…

Despite the recent consistently high results, Victoria experienced a slight lull in auction sales, with a clearance rate 6% lower than the rate from the same weekend last year. The Domain Group “blamed the fall in sales activity on a big surge in auctions in the inner eastern and inner southern suburbs.” They also reported that the median auction price was $898,000; $78,000 higher than last week’s median.

“I’m finding that the market is tightening. It is price sensitive. The properties that are priced competitively and which offer value, are being snapped up by the buyers. The ones that are not priced competitively are getting passed in and that is reflected in the clearance rates,” explained Fletchers Director & Auctioneer, Tim Heavyside.

Domain has recognised a trend in property at the end of train lines, with many of these suburbs recording stronger growth than the average price rise.

Saturday 12 August
Number of auctions in Victoria: 753
Clearance rate: 73%

The same weekend last year
Number of auctions in Victoria: 550

Clearance rate: 79%

Auction highlights…

24 Arnold Street, Carlton North

The ultimate renovators delight or a select investment opportunity  – this faded Federation gem in a parkside pocket has exceptional potential for total transformation into a sophisticated urban oasis! Surrounded by iconic parkland and within walking distance to a choice of schools, transport, cafes, boutiques and shopping, this home affords thrilling potential to renovate and extend (STCA) to maximise stunning sunset and skyline views.

“Its first time for sale since 1956, in a pocket just 3kms north of the CBD in a suburb that is just under 100 acres in size. It was a good, competitive auction with five bidders and a good outcome for both the sellers and buyers!” – Mark Fletcher

Number of bidders: 5
Sale price: Undisclosed

39 Diane Crescent, Mooroolbark

This light-filled three bedroom house has been owner-occupied for 47 years and now offers a rare opportunity for subdivision and/or multi-unit redevelopment (STCA). The home features a generous living room with a gas heater, an entertaining deck in the huge backyard, a water tank, sheds and a large garage with a workshop area. The home has access to bicycle and walking tracks and proximity to the station, shops, Mooroolbark and Yarra Hills Colleges. Congratulations to the purchasers!

Number of bidders: 5
Sale price: $930,000

16 Alfreda Avenue, Bulleen

This well-located, two street frontage, level allotment has approved plans and permits for four  townhouses. Alternatively,  existing three bedroom, one bathroom home could be rented for the short or long term, or the new home owners could build their dream home (STCA). The home is conveniently located close to schools, shopping centres, parklands, city transport, Eastern Freeway and Westfield Doncaster.

 

Number of bidders: 4
Sale price:
Undisclosed