oc | Thursday 24th June

Northern



Northern Weekly

There were a couple of strong results in Fitzroy North this weekend. A large crowd turned out for the auction of the double-fronted Victorian at 147 Falconer Street, the was initially passed in at $2,090,000 and after negotiations failed to meet the reserve price of $2,200,000, the two remaining interested parties resumed a ‘mini auction’ to finally settle at $2,225,000. 60 Freeman Street also sold soon after auction for $2,030,000.

Also much anticipated was the sale of 70 The Righi, . Opening with a vendor bid of $1,800,000 it sold after a quickfire competition between three bidders for $2,180,000.

Inner North West.

There are some very reasonable choices of good family homes in Essendon and surrounds. Amongst them are 20 Roberts Street (), 136 Ogilvie Street (Barry Plant), 19 Richardson Street (Frank Dowling) and 3 Lorraine Street (Paul McDonald).

Still listed for sale is 19 Kalimna St at $2,695,000, after passing in at $2,560,000 a few weeks back. 41 Leslie Street is also still showing as an expression of interest sale (the word on the street is that offers will need to be at $7m and above to get any attention).

Inner North East

Some excellent new property choices in the leafy east are 103 The Boulevard (Nelson Alexander), 2 Lucerne Crescent, Alphington (), and 34 Lucerne Crescent, Alphington (Nelson Alexander).

There is definitely no shortage of buyers clamouring to buy into this beautiful part of Melbourne. But they are clearly not willing to pay over and above perceived market for the privilege, if the $3m plus listings like 33 Castle Street Eaglemont and 39 York Avenue East that have been on the market for some months are anything to go by.

However properties that have sold in the mid-$1 millions, such as 71 The Eyrie, Eaglemont and 14 Linton Street, Ivanhoe, at what we consider value only, I think throw a curve ball at that trend.

Inner North yet to recoup falls since 2010

It will come as no surprise that most properties purchased in 2009 or before late 2010 that are being resold now are struggling to recoup their purchase cost.

Take 6 Milverton Street, Moonee Ponds, which last sold in 2010 for around $1.5m. It went to auction last Saturday, and came up with a ‘duck’, passing in on a vendor bid of $1.4m. It is now listed for sale at $1.55m.

Another is 34 Lucerne Crescent, Alphington, on almost 1700sqm, which is scheduled for auction on June 1. This home last sold in 2010 for more than $1.7m, so the result this time around will be one to watch. 18 Hartington Street, Northcote, another 2010 purchase for more than $1.1m, is scheduled for auction on May 18 – another one to watch.

One that was last sold before the 2009-2010 up-cycle is 3 Lorraine Street Essendon. It was purchased in 2008, for between $1.2m and $1.3m, and is scheduled for auction on May 18. Considering the rises, falls and now another rise since it last sold, it will be interesting to see whether this home has been able to withstand the pain that others are enduring.

 

 

SANDRINGHAM, 10 Kirkwood Av
SANDRINGHAM, 10 Kirkwood Av | James Paynter (Hodges)
Under Hammer: $1,360,000 - 6 Bidders (Photo: Jen Milligan)
Bidderbuzz Auction
"A strong auction, according to James Paynter, with 6 bidders and rapid-fire bidding throughout. Opened on a genuine bid of $1,000,000 and on the market at $1,200,000. The hammer came down at $1,360,000 in front of a crowd of around 60 people. (Note James was kind enough to provide us with the details of this auction. We were unable to attend due to other commitments.)" (Jen Milligan)

 

Biggest Sale: TOORAK, 20 Heyington Pl
Warwick Anderson (RT Edgar); After Auction, Bought range: $5,945,800 - $6,541,000 - 2 Bidders

"In front of around 70 people, auctioneer Warwick Anderson took centre stage and began proceedings. The crowd stood around the perimeter of this big and beautiful front yard with the elm tree in the centre competing for attention with this big old home enjoying the autumn sunshine. Mr Anderson opened on a vendor bid of $6,000,000 and searched for bids from the crowd. After silence and a half-time break to refer with his vendor, Mr Anderson returned and was again met with silence. He tried to entice the crowd by suggesting that any bid over $6,000,000 would secure the right to negotiate. At this point, Bidder 1 offered a $25,000 rise, soon followed by Bidder 2 who offered $5,000. These two then went up in $5,000 increments. Unable to reach the reserve however, the property was passed in at $6,050,000 and was bought after auction for an undisclosed amount." (Gina Kantzas)

 

Biggest Pass In: BRIGHTON, 15 North Rd
John Bongiorno (Marshall White); Passed In: $5,000,000 - 0 Bidders

"Having parked at North Point, I took in the scene before me. People were basking in the mellow warmth of the late autumn sunshine. Kite surfers glided across the sparkling water of the bay against the almost-floating spectre of the city of Melbourne. A few steps away in North Road, majestic palms lined up in salute, leading into rows of huge deciduous trees whose leaves were a riot of colours. This was the backdrop against which auctioneer, John Bongiorno was to aim to sell Number 15 - a "gorgeous, extraordinary" property, graced with 6 bedrooms and as many bathrooms. We were invited onto the tennis court for the auction. Mr Bongiorno, hoarse from so much auctioneering, lavished praise on the home and its location and then wasted no time in placing a vendor bid of $5,000,000 and asking for rises of $25,000 or $50,000. None was forthcoming. Mr Bongiorno encouraged interested parties to speak up but nobody wanted to play the bidding game. A short conference indoors ensued after which Mr Bongiorno repeated his vendor bid and promptly passed the property in, doubtless having no desire to inflict further damage on his ailing voice box. A space to be watched. " (Val Smith)
$1M+ northern Featured Auctions
668
/1000
JAMES HOME RATINGS
ALBERT PARK: 168 Kerferd Rd
168 Kerferd Road
BOUGHT RANGE*: $1,539,195 - $1,693,275
UNDISCLOSED
JAMES HOME RATINGS
BALWYN: 8 Highton Gr
8 Highton Grove
BOUGHT RANGE*: $2,924,950 - $3,217,750
713
/1000
JAMES HOME RATINGS
BRIGHTON: 20 Cole St
20 Cole Street
BOUGHT: $3,650,000
749
/1000
JAMES HOME RATINGS
BRIGHTON: 40 Foote St
40 Foote Street
BOUGHT RANGE*: $2,061,850 - $2,268,250
No report
718
/1000
JAMES HOME RATINGS
BRIGHTON: 15 North Rd
15 North Road
PASSED IN: $5,000,000
786
/1000
JAMES HOME RATINGS
BRIGHTON: 15 Wallace Gr
15 Wallace Grove
PASSED IN: $2,300,000
616
/1000
JAMES HOME RATINGS
BRIGHTON: 69 Well St
69 Well Street
BOUGHT RANGE*: $1,678,250 - $1,846,250
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON EAST: 40 Baird St
40 Baird Street
BOUGHT: $0
No report
684
/1000
JAMES HOME RATINGS
CAMBERWELL: 28 Brinsley Rd
28 Brinsley Road
BOUGHT RANGE*: $1,848,473 - $2,033,513
No report
590
/1000
JAMES HOME RATINGS
CAMBERWELL: 185 Wattle Valley Rd
185 Wattle Valley Road
BOUGHT*: Undisclosed
609
/1000
JAMES HOME RATINGS
CANTERBURY: 123 Prospect Hill Rd
123 Prospect Hill Road
BOUGHT RANGE*: $1,569,883 - $1,727,035
No report
666
/1000
JAMES HOME RATINGS
CANTERBURY: 2 The Ridge
2 The Ridge
BOUGHT: $2,410,000
682
/1000
JAMES HOME RATINGS
EAGLEMONT: 70 The Righi
70 The Righi
BOUGHT: $2,180,000
UNDISCLOSED
JAMES HOME RATINGS
EAST MELBOURNE: 203 George St
203 George Street
BOUGHT: $3,230,000
UNDISCLOSED
JAMES HOME RATINGS
EAST MELBOURNE: 162 Hotham St
162 Hotham Street
PASSED IN: $1,850,000
658
/1000
JAMES HOME RATINGS
ELSTERNWICK: 31 Murray St
31 Murray Street
BOUGHT: $1,414,000
UNDISCLOSED
JAMES HOME RATINGS
ELSTERNWICK: 47 Prentice St
47 Prentice Street
BOUGHT: $1,131,000
651
/1000
JAMES HOME RATINGS
ELSTERNWICK: 4 Somerset St
4 Somerset Street
BOUGHT: $1,452,500
632
/1000
JAMES HOME RATINGS
ELWOOD: 30 Rothesay Av
30 Rothesay Avenue
PASSED IN: $1,500,000
568
/1000
JAMES HOME RATINGS
FITZROY NORTH: 107 Falconer St
107 Falconer Street
BOUGHT: $2,225,000
561
/1000
JAMES HOME RATINGS
FITZROY NORTH: 60 Freeman St
60 Freeman Street
BOUGHT*: Undisclosed
600
/1000
JAMES HOME RATINGS
GLEN IRIS: 30 Staughton Rd
30 Staughton Road
PASSED IN: $1,775,000
677
/1000
JAMES HOME RATINGS
HAMPTON: 53 Bridge St
53 Bridge Street
PASSED IN: $1,550,000
686
/1000
JAMES HOME RATINGS
HAMPTON: 4 Hamel St
4 Hamel Street
BOUGHT: $1,552,000
710
/1000
JAMES HOME RATINGS
HAMPTON: 5 St Kilian St
5 St Kilian Street
PASSED IN: $2,450,000
586
/1000
JAMES HOME RATINGS
HAMPTON: 36 Teddington Rd
36 Teddington Road
PASSED IN: $1,440,000
665
/1000
JAMES HOME RATINGS
HAWTHORN: 27 Henrietta St
27 Henrietta Street
BOUGHT: $1,435,000
697
/1000
JAMES HOME RATINGS
HAWTHORN EAST: 23 Mowbray St
23 Mowbray Street
PASSED IN: $0
636
/1000
JAMES HOME RATINGS
HAWTHORN EAST: 14 Ryeburne Av
14 Ryeburne Avenue
BOUGHT: $2,400,000
728
/1000
JAMES HOME RATINGS
KEW: 7 Orford Av
7 Orford Avenue
BOUGHT: $2,825,000
625
/1000
JAMES HOME RATINGS
NORTHCOTE: 15 Woolhouse St
15 Woolhouse Street
BOUGHT: $1,037,500
576
/1000
JAMES HOME RATINGS
PORT MELBOURNE: 124 Esplanade West
124 Esplanade West
BOUGHT: $1,330,000
UNDISCLOSED
JAMES HOME RATINGS
SANDRINGHAM: 10 Kirkwood Av
10 Kirkwood Avenue
BOUGHT: $1,360,000
UNDISCLOSED
JAMES HOME RATINGS
SOUTH MELBOURNE: 209 Montague St
209 Montague Street
PASSED IN: $1,700,000
713
/1000
JAMES HOME RATINGS
SOUTH YARRA: 25 Howitt St
25 Howitt Street
PASSED IN: $1,325,000
530
/1000
JAMES HOME RATINGS
SOUTH YARRA: 67A Tivoli Rd
67A Tivoli Road
BOUGHT RANGE*: $2,109,800 - $2,321,000
No report
700
/1000
JAMES HOME RATINGS
ST KILDA WEST: 49 York St
49 York Street
BOUGHT: $3,600,000
UNDISCLOSED
JAMES HOME RATINGS
TOORAK: 17 Brookville Rd
17 Brookville Road
PASSED IN: $3,300,000
UNDISCLOSED
JAMES HOME RATINGS
TOORAK: 20 Heyington Pl
20 Heyington Place
BOUGHT RANGE*: $5,945,800 - $6,541,000
740
/1000
JAMES HOME RATINGS
TOORAK: 29 Hopetoun Rd
29 Hopetoun Road
PASSED IN: $0
UNDISCLOSED
JAMES HOME RATINGS
TOORAK: 3 Matthews Ct
3 Matthews Court
BOUGHT: $2,770,000
Stonnington Weekly
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
EAGLEMONT
70 The Righi Bought$2,180,000$2,8652013-05-11
IVANHOE EAST
326 The Boulevard Bought$1,160,000$1,5782013-05-11
ROSANNA
73 Grandview GroveBoughtUndisclosed2013-05-11
BEAUMARIS
7 Wallace CrescentPassed In
BLACK ROCK
44a First StreetPassed In
13 Red Bluff StreetBought$1,050,000$1,4192013-05-11
BRIGHTON
15 North RoadPassed InPI: $5,000,000
3/12 Stanley StreetBoughtUndisclosed2013-05-11
69 Well StreetBoughtR: $1,678,250 - $1,846,250$2,788 - $3,0672013-05-11
40 Foote StreetBoughtR: $2,061,850 - $2,268,250$3,110 - $3,4212013-05-11
20 Cole StreetBought$3,650,000$3,7472013-05-11
33 Whyte StreetPassed InPI: $1,060,000
54A Asling StreetBoughtUndisclosed2013-05-11
1 Maskell StreetBoughtUndisclosed2013-05-11
3/58 William StreetPassed InPI: $1,300,0002013-05-11
16 Roslyn StreetBought$1,820,000$2,2112013-05-11
15 Wallace GrovePassed InPI: $2,300,000
BRIGHTON EAST
182 Dendy StreetBoughtUndisclosed2013-05-11
7 Grant StreetBoughtUndisclosed2013-05-11
40 Baird StreetBought$2,150,000$2,9452013-05-06
1/44 Clive StreetBoughtUndisclosed2013-05-11
HAMPTON
40 David StreetNot Reported
5 St Kilian StreetPassed InPI: $2,450,000
7 Lawson StreetNot Reported
318 Hampton StreetPassed InPI: $1,850,000
4 Hamel StreetBought$1,552,000$2,6002013-05-11
53 Bridge StreetPassed InPI: $1,550,000
36 Teddington RoadPassed InPI: $1,440,000
SANDRINGHAM
10 Kirkwood AvenueBought$1,360,000$1,9512013-05-11
BALWYN
1/7 Grey StreetBought$1,095,000$4,8882013-05-11
8 Paisley StreetBoughtR: $1,658,591 - $1,824,623$2,719 - $2,9912013-05-11
8 Highton GroveBoughtR: $2,924,950 - $3,217,750$3,268 - $3,5952013-05-11
153 Gordon StreetBought$1,220,000$2,0372013-05-11
BALWYN NORTH
252 Balwyn RoadBoughtR: $2,704,380 - $2,975,100$2,675 - $2,9432009-04-23
41 Ellsa StreetBought$1,373,000$1,3792013-05-11
90 Panoramic RoadBought$1,062,000$1,6572013-05-11
32 The Boulevard Bought$1,170,000$1,4002013-05-11
CAMBERWELL
28 Brinsley RoadBoughtR: $1,848,473 - $2,033,513$2,857 - $3,1432013-05-08
3 Allambee AvenueBought$1,350,000$1,8912013-05-11
1/534 Burke RoadBoughtR: $992,565 - $1,091,925$2,001 - $2,2012013-05-11
29 Moorhead StreetBoughtR: $1,324,379 - $1,456,955$2,399 - $2,6392013-05-11
185 Wattle Valley RoadBoughtUndisclosed2013-05-11
916 Toorak RoadBought$2,555,000$3,6662013-05-11
CANTERBURY
15 Boronia StreetBoughtR: $1,104,768 - $1,215,360$3,399 - $3,7402013-04-30
2 The Ridge Bought$2,410,000$2,8192013-05-11
4/54 Mont Albert RoadBought$3,250,000$2,8072013-05-11
123 Prospect Hill RoadBoughtR: $1,569,883 - $1,727,035$2,379 - $2,6172013-05-11
GLEN IRIS
30 Staughton RoadPassed InPI: $1,775,000
49 Kerferd RoadBought$1,300,000$2,0342013-05-11
HAWTHORN
27 Henrietta StreetBought$1,435,000$2,5352013-05-11
38 Hill StreetBoughtR: $1,074,080 - $1,181,600$3,629 - $3,9922013-05-11
1b Simpson PlaceBought$1,370,000$12,6852013-05-11
59 Glen StreetBought$2,150,000$5,2442013-05-09
HAWTHORN EAST
23 Mowbray StreetBoughtR: $2,407,090 - $2,648,050$2,178 - $2,3962013-05-11
327 Auburn RoadBoughtR: $1,850,870 - $2,036,150$1,811 - $1,9922013-05-11
14 Ryeburne AvenueBought$2,400,000$2,7972013-05-11
1/62 Anderson RoadBoughtR: $1,438,500 - $1,582,500$4,075 - $4,4832013-05-11
KEW
7 Orford AvenueBought$2,825,000$3,8182013-05-11
14 Raven StreetBoughtR: $2,397,500 - $2,637,500$3,090 - $3,3992013-05-11
122 Peel StreetBoughtBought (2013-05-28) - R: $1,687,840 - $1,856,800$1,871 - $2,0592013-05-28
54 Adeney AvenueBought$1,472,500$1,6942013-05-11
KEW EAST
24 Hartwood StreetBought$1,655,000$1,9732013-05-11
MONT ALBERT
5 Malvern RoadPassed InPI: $1,220,000$1,9732013-05-11
MONT ALBERT NORTH
1/99 Rostrevor ParadeBoughtR: $1,352,190 - $1,487,550$3,503 - $3,8542013-05-11
SURREY HILLS
272 Mont Albert RoadBoughtR: $1,438,500 - $1,582,500$1,522 - $1,6752013-05-11
5 Newton StreetBought$1,160,000$1,8742013-05-11
189 Union RoadBought$1,482,000$1,6112013-05-11
2a Neath StreetBoughtR: $925,435 - $1,018,075$3,824 - $4,2072013-05-11
FAIRFIELD
5 Palm StreetBought$1,060,000$1,7322013-05-11
NORTHCOTE
15 Woolhouse StreetBought$1,037,500$2,5372013-05-11
BENTLEIGH
14 Gordon StreetPassed InPI: $1,000,000
ELSTERNWICK
47 Prentice StreetBought$1,131,000$2,8282013-05-11
31 Murray StreetBought$1,414,000$2,1462013-05-11
4 Somerset StreetBought$1,452,500$2,9582013-05-11
ORMOND
56 Draper StreetBoughtUndisclosed2013-05-11
CARLTON
65 Cardigan StreetBought$1,465,000$11,4452013-05-11
EAST MELBOURNE
162 Hotham StreetBoughtUndisclosed2013-05-11
43 Albert StreetPassed InPI: $1,500,000
203 George StreetBought$3,230,000$10,9492013-05-11
KENSINGTON
49 Bangalore StreetBoughtUndisclosed2013-05-11
ABERFELDIE
25 Aberfeldie StreetPassed InPI: $1,050,000
ESSENDON
114 Hedderwick StreetBoughtUndisclosed2013-05-11
67 Hedderwick StreetBought$1,285,000$1,3802013-05-11
ALBERT PARK
168 Kerferd RoadBoughtR: $1,539,195 - $1,693,275$6,012 - $6,6142013-05-11
ELWOOD
30 Rothesay AvenuePassed InPI: $1,500,000
15 Kingsley StreetNot Reported
PORT MELBOURNE
124 Esplanade West Bought$1,330,000$7102013-05-11
SOUTH MELBOURNE
209 Montague StreetPassed InPI: $1,700,000$7102013-05-11
ST KILDA WEST
49 York StreetBought$3,600,000$4,8782013-05-11
MALVERN
8 Haverbrack AvenueBought$4,395,000$3,9172013-05-11
25 Johnstone StreetBoughtUndisclosed2013-05-11
224 Wattletree RoadPassed InPI: $1,000,000
62 Hunter StreetPassed InPI: $1,170,000
MALVERN EAST
17 John StreetBoughtUndisclosed2013-05-11
24 Deakin StreetBoughtUndisclosed2013-05-11
22 Summerhill AvenueBoughtUndisclosed2013-05-11
16 Albert StreetPassed InPI: $1,500,000
PRAHRAN
60 Andrew StreetNot Reported
SOUTH YARRA
67A Tivoli RoadBoughtR: $2,109,800 - $2,321,000$6,828 - $7,5112013-05-08
103-105 Millswyn StreetBought$3,810,000$9,2252013-05-11
25 Howitt StreetPassed InPI: $1,325,000$9,2252013-05-11
2/2 Rockley RoadBoughtR: $2,224,880 - $2,447,600$2,205 - $2,4262013-05-11
TOORAK
29 Hopetoun RoadPassed In
17 Brookville RoadPassed InPI: $3,300,000
4/496 Toorak RoadNot Reported
3 Matthews CourtBought$2,770,000$3,8632013-05-11
20 Heyington PlaceBoughtR: $5,945,800 - $6,541,000$2,864 - $3,1512013-05-11
WINDSOR
2 White StreetBoughtUndisclosed2013-05-11
ABBOTSFORD
140 Kooyong Passed In
FITZROY NORTH
107 Falconer StreetBought$2,225,000$6,1982013-05-11
60 Freeman StreetBoughtUndisclosed2013-05-11
8 Delbridge StreetBoughtUndisclosed2013-05-11
RICHMOND
16 Albert PlaceBoughtUndisclosed2013-05-11
286 Burnley StreetPassed InPI: $1,150,000
1 Somerset StreetBought$1,395,000$9,6882013-05-11
boroondara Private Sales
BALWYN NORTH
22 Vega Street, BALWYN NORTH
Bought: $1,300,000
22 VEGA STREET
CAMBERWELL
10 Webster Street, CAMBERWELL
Bought: $1,085,000
10 WEBSTER STREET
HAWTHORN EAST
740 Burwood Road, HAWTHORN EAST
Bought: undisclosed
740 BURWOOD ROAD
HAWTHORN EAST
23 Mowbray Street, HAWTHORN EAST
Bought: undisclosed
23 MOWBRAY STREET
REPORTED BAYSIDE PRIVATE SALES
REPORTED BOROONDARA PRIVATE SALES
REPORTED MOONEE VALLEY PRIVATE SALES
REPORTED PORT PHILLIP PRIVATE SALES
REPORTED STONNINGTON PRIVATE SALES
REPORTED YARRA PRIVATE SALES
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BEAUMARIS34 Gareth Avenue$955,000$1,511
23 Bolton Avenue$750,000$1,192
BRIGHTON2a Collins StreetRange: $2,948,925 - $3,244,125$5,805 - $6,386
20 Cole Street$3,650,000$3,747
3 Chatsworth AvenueRange: $3,356,500 - $3,692,500$6,492 - $7,142
7A Missouri Avenue$1,100,000$4,151
BRIGHTON EAST14 Comer Street$2,178,000$2,605
HAMPTON22 Railway Crescent$2,605
BALWYN70 Banool RoadRange: $996,401 - $1,096,145$1,533 - $1,686
BALWYN NORTH1 Wynyard Cresent Range: $2,105,005 - $2,315,725$2,845 - $3,129
22 Vega Street$1,300,000$1,582
CAMBERWELL10 Webster Street$1,085,000$1,682
HAWTHORN26 Robinson RoadRange: $2,613,275 - $2,874,875$3,960 - $4,356
HAWTHORN EAST23 Mowbray StreetRange: $2,407,090 - $2,648,050$2,178 - $2,396
740 Burwood RoadRange: $1,467,270 - $1,614,150$3,420 - $3,763
SURREY HILLS4 Albany CrescentRange: $2,589,300 - $2,848,500$1,068 - $1,175
ESSENDON27 Fletcher Street$1,221,000$1,650
MOONEE PONDS18 Holberg StreetUndisclosed
ELWOOD2 Goldsmith StreetRange: $1,553,580 - $1,709,100$7,328 - $8,062
PRAHRAN573 High Street$1,800,000$3,495
TOORAK59 St Georges RoadRange: $10,549,000 - $11,605,000$5,285 - $5,814
3/45 Washington StreetRange: $1,008,868 - $1,109,860$1,226 - $1,349
7 Nareeb CourtRange: $8,822,800 - $9,706,000$4,834 - $5,318
RICHMOND377 Church StreetRange: $2,109,800 - $2,321,000$7,225 - $7,949
PORT MELBOURNE, 124 Esplanade West
PORT MELBOURNE, 124 Esplanade West | Michael Paproth (Marshall White)
Under Hammer: $1,330,000 - 5 Bidders (Photo: Guy Angwin)

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