Issuu on Google+

WE DELIVER Port Melbourne

PROPERTY UPDATE SPRING 2013

IN THIS ISSUE MARKET UPDATE FOCUS ON PORT MELBOURNE -SOME FACTS AND FIGURES PROPERTY OF THE MONTH! 7 CANBERRA PARADE, PORT MELBOURNE A SELECTION OF CURRENT LISTINGS

Talk to a Port Melbourne Expert We know bayside best


MARKET UPDATE The inner Bayside market has performed increasingly well in 2013, with the momentum of the second quarter continuing to build in the third, with 100 sales recorded in Port Melbourne and an impressive auction clearance rate still above 70% most weekends. Buyer enquiry has increased over the past several months, many more people are attending our open days and a greater number of bidders are competing at our auctions. The Garden City sales market has strengthened, with substantially-renovated homes achieving higher prices than ever before. This part of Port Melbourne can no longer be considered the poor neighbour to Beacon Cove, with the sale of a Bank House for well in excess of $2m, and a re-built Ex-Ministry Home selling for $1,620,000 (it’s pair achieving $1,950,000 in the previous quarter). Beacon Cove has been consistent, again recording 11 sales for the quarter but with a better range of properties and price ranges. Sale highlights included a couple of 3 bedroom + study homes achieving over $1,600,000, a 4 bedroom home achieving over $2m and several corner apartments with water views selling between $1,325,000 and $1,540,000. With regards to the traditional area of Port Melbourne, the number of house sales has been pretty consistent between the second and third quarters, with 32 and 35 deals respectively; the exciting news for home owners is that there have been a couple of big sales around $2m – we have not seen prices at this level with any frequency since 2010. Apartment activity has also been consistent, with 44 sales recorded for the quarter, slightly down from 49 deals between April and June. Looking at the results in more detail, 2 bedroom apartments accounted for 66% of the sales, 1 bedroom apartments accounting for 22% of the market, with the remaining 12% offering 3 or more bedrooms. The greatest price movement has been with the larger, better proportioned apartments and these continue to be in short supply. In summary, the market is strong and buyers are keen to secure quality properties across all price ranges. So if you are looking to make the most of the opportunities available, please call us. You may be pleasantly surprised what your property is worth in today’s market. Thinking of Selling? List with Port Melbourne’s most successful agency. Contact David Lack Will Jonas Vanessa Gavran

0418 996 265 0419 335 519 0403 302 377

Biggin & Scott Port Melbourne Pty Ltd Telephone: 8671 3777 100 Bay Street, Port Melbourne www.bigginscott.com.au/portmelbourne


Traditional Port Melbourne – JULY to SEPTEMBER 2013 House MARKET Properties Prices • 35 sold

• Highest

$1,850,000

• 22 currently on the market

• Lowest

$690,000

SOLD $1,003,000

Sold

95 HEATH Street

104 PRINCES Street

$1,305,000

Apartment Market Properties Prices • 44 sold

• Highest

$2,050,000

• 48 currently on the market

• Lowest

$336,000

Sold

$622,500

408/1 DANKS Street west

october 2013

Sold 401/88 BEACH street

www.bigginscott.com.au/portmelbourne

$1,100,000


Garden City – JULY to SEPTEMBER 2013 Ex-Ministry House Market Properties Prices • 6 sold

• Highest

$1,620,000

• 2 currently on the market

• Lowest

$830,000

SOLD

$1,326,000

305 THE BOULEVARD

SOLD

$1,620,000

2 WEEROONA STREET

Bank House Market Properties Prices • 4 sold

• Highest

$2,430,000

• 1 currently on the market

• Lowest

$880,000

SOLD Price Undisclosed

SOLD

70 POOLMAN STREET

17 WALTER STREET

october 2013

www.bigginscott.com.au/portmelbourne

$1,055,000


Beacon Cove – JULY to SEPTEMBER 2013 House MARKET Properties Prices • 5 sold

• Highest

$2,090,000

• 5 currently on the market

• Lowest

$1,070,000

SOLD

$1,070,000

7 BEACON ROAD

SOLD Price Undisclosed 5 COOGEE PLACE

Apartment Market Properties Prices • 6 sold

• Highest

$1,540,000

• 3 currently on the market

• Lowest

$950,000

SOLD 902/107 Beach Street

october 2013

$1,055,000

SOLD 1101/127 Beach Street

www.bigginscott.com.au/portmelbourne

$1,540,000


SECLUDED ELEGANCE 7 Canberra Parade, Port Melbourne Auction: 26th october at 12.30pm Meticulously maintained 2 storey executive residence in sought after pocket of Beacon Cove featuring fabulous indoor and outdoor entertaining. Enjoy the peace and privacy of your own fully landscaped garden, and the benefits that inner bayside living has to offer. • 3 great bedrooms, all with built-in robes (main with ensuite and balcony) • 2 bathrooms plus separate powder room • Spacious living and separate dining/family area both opening onto alfresco courtyard • Fully-appointed granite kitchen with stainless steel appliances october 2013

• Large separate laundry and store room • Ducted air conditioning / heating throughout • Remote lock-up garage with built-in storage & handy space behind for 2nd car • Many quality additions throughout for stylish & easy living. Bathed in sunlight you will enjoy the spaciousness of the large rooms, the proximity to the beach, light rail, the city and vibrant Bay Street shops. An executive residence worth waiting for!

www.bigginscott.com.au/portmelbourne


A Selection of our current listings

9 Park Square, Port Melbourne Auction: Saturday 26th October at 11.00am

100 Raglan Street, Port Melbourne Auction: Saturday 26th October at 2:00pm

15 Bridge Street, Port Melbourne Auction: Saturday 16th November at 12.30pm

407/2 Rouse Street, Port Melbourne Auction: Saturday 30th November at 11.00am

209/54 Nott Street, Port Melbourne Auction: Saturday 7th December at 10.30am

101/52 Nott Street, Port Melbourne Private Sale

If another agent has an exclusive authority currently on your property please disregard this notice.

october 2013

www.bigginscott.com.au/portmelbourne


Would you sell your home if you didn’t have to put it on the market? To find out how, speak to David, Will or Vanessa during one of our open homes or grab a business card and contact us. They are a proven and successful team, with 33 years combined experience selling homes all over Port Melbourne and surrounds. www.bigginscott.com.au/portmelbourne


Property Update Spring 2013