Market News » Prahran


Covering Toorak, South Yarra, Armadale, Caulfield, Malvern and Malvern East

Covering Toorak, South Yarra, Armadale, Caulfield, Malvern and Malvern East
Of the 19 $1 million-plus auctions we looked at today in Stonnington (inc Glen Iris) 17 sold, or 90 per cent. Couple of highlights: 37 Armadale St Armadale with Bennison Mackinnon, which had been hanging around for a few weeks post-auction, sold for, we believe, a tick under $2.3 million. 9 Valley View Road with Maddie Kennedy [...]
Toorak In Crisis? Nope!

Toorak In Crisis? Nope!

4 sales that interested me over the last 2 school holiday weeks 33 Murray St Prahran (Guy St Leger of Biggin and Scott) sold for $1.22m and we think this renovators delight was a good buy – north facing rear, good period façade, rear car access. A $500,000 reno after purchase – maybe less, means [...]
Covering Toorak, Malvern, Armadale, South Yarra, Caulfield and Elsternwick $1m+ homes

Covering Toorak, Malvern, Armadale, South Yarra, Caulfield and Elsternwick $1m+ homes

Andrew McCann of Bennison Mackinnon says we are now very close to 2007 prices. Apartments Sam Wilkinson and Tim Blackett of Kay and Burton got 2-4 Lansell Road Toorak away pre-auction. It was a $2 million-plus sale but the apartment market at the Top End really does appear to be non-existent right [...]
Peter Kudelka talks Stonnington and apartments

Peter Kudelka talks Stonnington and apartments

He takes a little while to get to know but Peter Kudelka is one of the best apartment agents going around. Always representing the vendor very strongly on price, he is prepared to get in a car, get out and meet you on site at short notice. Apartments are a tough game and Peter has survived them well.
Let there be Light

Let there be Light

Two properties that we visited and rated this week are 14 Greville Street Prahran & 11 Keats Street Sandringham. These homes are located in two very different parts of Melbourne, but both properties are renovated period homes with a great feel, well suited to the area demographics (Prahran is mainly singles and [...]
The crowds were out and the Quoting Question hots up.

The crowds were out and the Quoting Question hots up.

It’s 6pm Saturday and the James Clearance Rate stands at 59 per cent on the 27 auctions we attended. Yes, a drop-off from past weeks, but there should be a mop-up over the next week and, if there is, then it’s more of the same in a warming market. Please note James Market News is now translated into Chinese [...]
Madeline Kennedy of Marshall White talks Armadale and Prahran

Madeline Kennedy of Marshall White talks Armadale and Prahran

Madeline is a cool customer in a tough male environment. She is particularly strong in organising buyers for $1-2 million period homes in Malvern, Armadale and Caulfield North. Always polite and accurate in pricing discussions with us, we find Madeline is one of the strengths in Stonnington real estate. A good [...]
In our opinion, the Melbourne million-dollar-plus market could have risen by as much as 10 per cent in the past six weeks

In our opinion, the Melbourne million-dollar-plus market could have risen by as much as 10 per cent in the past six weeks

The James Clearance rate stands at 83 per cent on the 23 auctions of million-dollar-plus properties we attended today. Please note James Market News is now translated into Chinese by Su who now works with us and can be viewed by clicking button to the right of this column. This weekend, we thought you may be interested to read part [...]
The market is showing some signs that it is healthier than many outsiders believe. Stock levels are still incredibly low.

The market is showing some signs that it is healthier than many outsiders believe. Stock levels are still incredibly low.

It’s 6pm Saturday and the James $1 million-plus clearance rate is 77%. The market seems healthy at present. Today’s Herald Sun said the market had fallen in price and that is correct; however, if there was meant to be an implication that the $1 million-plus market is today dead or in the [...]
Buyers Are Not Mucking About

Buyers Are Not Mucking About

It’s 5pm and we have a 56% clearance rate on the 16 $1 million-plus auctions we attended today. There has been significant bad news in the papers this week and, of course, people naturally get nervous again. Did it influence the market? Maybe. Today, however, we did not feel the vibe of doom so evident [...]
Hamish Tostevin of Marshall White Boroondara

Hamish Tostevin of Marshall White Boroondara

EXECUTIVE SUMMARY Nothing fazes Hamish (well, he doesn’t show it). We’ve never seen him lose his cool under pressure. If you need to know something in his specific Boroondara area, then ring Hamish, as he almost always knows the answer. A conservative buyer quoter of homes and a big seller, Hamish is pleasant, friendly [...]
Yes, finally it’s over, a marathon. After almost an hour of bidding and in front of a crowd of over 200, James Tostevin auctioned 13 Woodlands Ave Camberwell. In the end bought very strongly for $2,552,500 after being on the market at $1,850,000

Yes, finally it’s over, a marathon. After almost an hour of bidding and in front of a crowd of over 200, James Tostevin auctioned 13 Woodlands Ave Camberwell. In the end bought very strongly for $2,552,500 after being on the market at $1,850,000

At 5pm on Saturday, the clearance rate of the 21 auctions we previewed was 58% and sure to go up overnight. Sounds ominous – sorry. The James Tostevin auction featured above was 13 Woodlands Avenue Camberwell. We knew this was going to be huge – the James Q rating was 778 (great [...]
Vibe is not all good or bad. 2009 is still hard to read

Vibe is not all good or bad. 2009 is still hard to read

At 5pm Saturday – welcome back. What is 2009 going to bring? Everybody is asking themselves questions such as should I sell now or wait a while? Is this the right price or is it not? By the way, if we hear one more time that a private banker has spoken to a [...]
Dealing with Stress and Emotion

Dealing with Stress and Emotion

Some of our tips to reduce stress and emotion when buying property: Counteract inexperience and buy in some expertise. It’s not that you shouldn’t use Dad or Uncle Ben – they just don’t probably understand in the same way what your needs are. Hire a buyer advocate or an experienced valuer. Spend some money to [...]
Auctions this weekend

Auctions this weekend

16 Moss Street Prahran. Position AAA+++ in Melbourne real estate and a most fascinating auction. Marshall White’s John Manton began the campaign quoting $1.6m and auctioneer John Bongiorno opened the bidding with a vendor bid of $1.7m. Spirited bidding by two parties was strong with $50,000 bids, down [...]