As trusted advisors to the most astute private clients, families and institutions, Kay & Burton occupies a rarefied position within the Australian property landscape. For more than eight decades, our specialist teams have embraced the opportunity to create enduring value for our clients through a combination of specialist knowledge, impeccable service, trustworthy advice and extraordinary results.
As the advisors of choice for the most coveted property in Australia, we are driven to constantly explore, measure and filter market insights into considered and successful outcomes for clients who rely on our awareness, perspective and judgment.
With strategically placed offices throughout Melbourne and Victoria’s Mornington Peninsula, our sphere of influence allows our business to do what others can’t—speak with authority, confidence and intelligence to a vast and enviable network of highly engaged buyers around the world. Our teams are not bound by geographical or cultural constraints and are connected to ultra-high-net-worth clients across Australia and in Singapore, Hong Kong, China, New York, London and Dubai.
“We continue to see unprecedented interest from buyers in China, the US, Europe, and the UK. These buyers have the capital to invest, making our high-end market exceptionally appealing.”
Managing Director, Group Board Member
Australia takes prime position on the global property stage
All eyes are on Australia’s luxury property market as domestic buyers and international purchasers move to secure quality homes in our highly sought-after cities. Our weak dollar—relative to the US dollar and Euro—has been a significant factor in the thriving nature of the prestige sector over the past 12 months.
The number of Australian homes which sold for more than $5 million in 2023 was just shy of 3000, a figure that has more than doubled since 2019, according to recent CoreLogic data. Melbourne accounts for the second
largest share at 14.4 per cent, behind Sydney, which had the lion’s share of roughly two thirds, and ahead of Brisbane’s 3.8 per cent portion. The top five suburbs for $5-million-plus activity were Toorak and Brighton in Victoria, and Mosman, Bellevue Hill and Vaucluse in NSW. Kew, Hawthorn, South Yarra and Balwyn were also in the top 30 suburbs.
Kay & Burton Managing Director Ross Savas said the luxury real estate scene had experienced a series of significant transactions over the past financial year. Across Stonnington, Boroondara and Bayside, Kay & Burton secured more than 70 sales above $7 million, leading to a 52 per cent share. That’s followed by the nearest competitor at 20 per cent.
“The luxury property market has thrived in the past 12 months, driven by robust interest from our private client database of international buyers,” Mr Savas said. “We continue to see unprecedented interest from buyers in China, the US, Europe, and the UK.
Ross Savas
Jamie Mi Partner, Head of International
Market share (%) sales in metropolitan Melbourne above $7 million.1
—Ross Savas
Projected % increase in ultra-high-networth inidividuals in Australia by 2028. Source: Knight Frank Wealth Report 2024.
These buyers are attracted to Australia’s lifestyle offerings and have the capital to invest, making our high-end market exceptionally appealing.”
Head of International and Partner at Kay & Burton, Jamie Mi, said buyers are ready to make a financial move down under.
“International buyers think this is a really good time to buy. When they look at property prices in Singapore, Hong Kong, London and New York, and compare them with Australia, our eastern seaboard properties are in the most investable category,” she explained.
“Fresh buyers are back. We’re still experiencing the wave of SignificantInvestor-Visa migrants, who have been granted permanent residency, and they’re now ready to buy their first home without extra heavy stamp-duty levies. Most of these purchasers are looking at buying between $15 million and $35 million.”
Ms Mi added that international buyers turning towards Australian real estate have traditionally provided a steady stream of interest throughout the year.
“It’s always been consistent. There’s no clear ‘quiet’ season when it comes to the international market, as they often have different school and public holidays compared with Australia,” she said.
What has changed, however, is the type of properties most in demand by overseas purchasers.
“International buyers are becoming increasingly appreciative of heritage homes. This is an interesting change as until recently, these buyers were almost exclusively looking for land, brand-new homes or fresh renovations,” Ms Mi said.
The current international buyer sweet spot is renovated or new homes on 700 sqm to 1000 sqm, ideally located in Toorak, Malvern, Hawthorn, Armadale, Kew, Brighton or Canterbury priced between $10 million and $20 million.
Mr Savas said global interest looks to continue into spring and through to 2025 given the level of overseas inquiry through Kay & Burton’s offices.
“We’re experiencing an insatiable appetite from buyers for high-end property. Australia has been a longdesired retreat for international buyers and year-on-year our lifestyle, restaurants, medical facilities and schools become more appealing. Additionally, the vast majority of these purchasers are cash buyers, so domestic concerns of elevated interest rates are off the table,” he said.
The Wealth Report 2024, compiled by Knight Frank, found that in Australia, the number of ultra-high-net-worth individuals—defined as those with a net worth of $30 million or more—rose by
2.9 per cent between 2022 and 2023 to reach 15,347 people. The report tipped that the figure is expected to rise a further 27 per cent by 2028 to 19,491.
“While a more stable interest rate environment will give impetus across all major markets in Australia, Melbourne is primed for the strongest rebound leading to the best recovery. History tells us that as affordability weakens in other capitals it works in Melbourne’s favour,” Mr Savas added.
“I don’t see the heightened demand for luxury property changing any time soon. As Australia’s high-net-worth individual population grows, the supply and demand equation will remain imbalanced for this particular segment.” .
Number of ultra-high-net-worth individuals in Australia. Source: Knight Frank Wealth Report 2024.
“The significant growth in the top end of luxury real estate shows no signs of slowing down anytime soon.”
Stonnington buyers keep it in the family
Stonnington’s luxury property market has written a compelling narrative thus far in 2024, diverging from the mainstream market and operating in its own sphere where demand outweighs supply.
Andrew Sahhar, Director of Kay & Burton, said the resurgence of generational estates and high-end apartments changing hands had added renewed vigour to Melbourne’s prime real estate market.
“We’re currently working with numerous buyers who have a desire to purchase this year. There is a notable increase in wealthy clients buying for their children or grandchildren, and we’ve also observed a significant shift in the international market,” he said, adding that during the expressions of interest campaign for 2 Hopetoun Road, Toorak, there had been eight qualified international buyers vying for the fivebedroom contemporary residence on 1475 sqm, complete with a tennis court.
The most highly sought after residential properties in the prestige Stonnington area this calendar year have been family friendly trophy homes priced in excess of $10 million, homes on land parcels larger than 1000 sqm, particularly with tennis courts, as well as addresses located within easy walking distance to key shopping and lifestyle villages.
In Stonnington—where Kay & Burton holds 46 per cent market share of sales above $7 million, followed by the next agency with a 27 per cent share—
Andrew Sahhar Director
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2 Hopetoun Road, Toorak Read more in recent success
—Andrew Sahhar
Toorak, South Yarra, Malvern East and Armadale were the strongest performers for top results last financial year. Within this price bracket, Kay & Burton’s share accounts for 63 per cent in South Yarra and 53 per cent in Toorak.
“The last financial year saw incredible transactions through a combination of on-market campaigns and discreet off-market deadlines. The negative connotations that seem to impact the wider real estate market aren’t seeming to influence sales at the top end,” Mr Sahhar added. “The significant growth in the top end of luxury real estate shows no signs of slowing down anytime soon.”
With strong demand and continued interest from both local and international buyers, Stonnington’s luxury market is set to remain robust, driven by generational investments and the allure of premier family estates. .
Kay & Burton majority market share in Toorak for properties priced above $7 million.1
“we believe there’s going to be some robust activity through spring and beyond—we’re anticipating strong sales for the rest of the year.”
—Scott Patterson
Scott Patterson Executive Director, Group Board Member
Interest blooms as family buyers gain confidence in Boroondara
As the financial year drew to a close, buyer activity in Boroondara began ramping up, with several substantial sales attracting competitive interest. With the traditional winter lull giving way to the spring bloom, Scott Patterson, Executive Director of Kay & Burton, has observed a renewed depth of interest in quality family homes.
“We’re expecting more buyers to become active now that spring is here. August has been particularly strong for us, as a number of exceptional properties came onto the market. The demand is healthy, with opportunities for both vendors and buyers,” he said.
Mr Patterson notes that the last six months have brought more stability to the marketplace. “Everyone feels interest rates have reached their peak, they’ve factored that in, and they’re now making decisions with greater certainty,” he said.
Kay & Burton majority market share in Boroondara for properties priced above $7 million.1
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October is shaping up to offer abundant opportunities for buyers, with a busy auction schedule of luxury homes already inked for Kay & Burton Boroondara. The office currently holds a significant market share of 54 per cent in Boroondara for homes sold in excess of $7 million, with the next nearest competitor at 21 per cent. Canterbury, Hawthorn, Hawthorn East and Kew have all been hives of activity for top-end sales, all of which Kay & Burton holds majority of market share.
“Currently, we are experiencing the strongest demand for family homes above the $3-million mark. These homes tick the boxes for buyers focused on lifestyle and schooling, with a view to holding for the next 15 to 20 years,” Mr.
Patterson explained. Fully renovated residences are particularly attracting the most buyer attention.
Higher-priced homes in excess of $8 million are also drawing significant interest. “There are still quite a few buyers who’ve missed out on these premium homes we’ve sold and are quietly waiting for the right property to come up,” Mr Patterson said. “Across the board, we believe there’s going to be some robust activity through spring and beyond— we’re anticipating strong sales for the rest of the year.”
With the renewed interest and confidence injected into all levels of the market, Boroondara’s properties are set to capture significant attention this spring. .
13 Butler Street, Brighton
“Good-quality properties will always find buyers, irrespective of market conditions.”
—Alex Schiavo
33%
Executive Director, Group Board Member
Buyers cast a wider net in Bayside
By mid-2024, it became evident that the Bayside property market had achieved a newfound stability, showing marked improvement over the previous year and providing a positive outlook for spring.
Alex Schiavo, Executive Director at Kay & Burton, highlighted a noticeable shift in buyer confidence and a broader interest in diverse property types.
“We’re witnessing a resurgence in demand for land and properties requiring value-adding renovations,” Mr Schiavo said. “Last year, this segment struggled due to uncertainties surrounding interest rates and the costs associated with funding renovations. Now, with more predictable timelines, buyers are more willing to engage with these opportunities.”
The shift from passive to active house hunting is also notable, driven by increased confidence in interest rate stability.
“Buyers are out there, but demand isn’t overwhelmingly outstripping supply. Current stock levels match demand, creating a balanced market advantageous for both vendors and buyers,” Mr Schiavo said.
“Good-quality properties will always find buyers, irrespective of market conditions. This has not changed. Additionally, we are seeing an influx of international buyers, primarily divided into two groups: expats at the upper end and buyers from Asia.”
Kay & Burton holds a commanding 33 per cent market share in the Bayside region for properties priced at $7 million and above, far outpacing the nearest competitor’s 17 per cent share.
The most coveted listings in Brighton this year have included turnkey properties on 800 sqm to 1000 sqm blocks and trophy homes on 1000 sqm to 1500 sqm in prime dresscircle locations.
“Demand at the top end of the Bayside market remains robust, especially for generational properties on the Golden Mile,” Mr. Schiavo said. .
Alex Schiavo
Kay & Burton majority market share in Bayside for properties priced above $7 million.1
60%
“The first half of the year saw the middle and top end of the market achieve some very strong results, particularly for fully renovated or turn-key ready properties”
—Monique
Senior Sales Consultant
Buyers unlock turnkey homes in the inner city
Quality home seekers are actively pursuing move-in-ready properties across East Melbourne and the inner city, according to Monique Depierre, Senior Sales Consultant with Kay & Burton.
“The first half of the year saw the middle and top end of the market achieve some very strong results, particularly for fully renovated or turnkey ready properties,” she said.
In a promising turn around for the inner-city market, East Melbourne is rebounding after a significant pandemicinduced plateau. According to PropTrack data, houses in East Melbourne saw a 12-month increase of 11.5 per cent to June 30, taking the median to $3.75 million. Kay & Burton secured 60 per cent market share of top-end sales above $7 million
for East Melbourne across the same period.
“The CBD was the hardest hit during and after Covid-19 and we are beginning to see signs of activity return to this market which is very encouraging,” Ms Depierre said.
Compared to this time last year, there are more city-fringe properties on the market as investors reevaluate their portfolios in light of land tax changes. But, as we approach the final months of 2024, the market is poised for a mix of transactions as vendors adapt to evolving conditions. Ms Depierre remains optimistic for the upcoming selling season.
“Some segments of the market have experienced price adjustments, but triple-A properties continue to perform well. When priced appropriately, all properties are attracting competitive bids, which in turn will help drive prices upward again,” she said.
Newer apartments priced above $5 million have seen high demand due to a notable shortage in desirable neighbourhoods. While post-war and inter-war apartments, especially those priced under $1.5 million, are also performing well.
With renewed confidence and increasing activity, the East Melbourne and inner-city markets are positioned for a positive trajectory. .
Monique Depierre
Kay & Burton majority market share in East Melbourne for properties priced above $7 million.1
Depierre
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View from 3701/100 Lorimer Street, Docklands Read more in recent success
The latest building approvals data from the ABS reveals homeowners on the southern Peninsula are leading the nation in home investment.
$98m
Discerning buyers circle the Peninsula
The mid-year market on the Mornington Peninsula experienced a milder reception than in previous years, impacted by macroeconomic instability, cost of living concerns and additional land tax imposts. However, there were early signs of a positive spring market as discerning buyers prepare to make their move to the Peninsula, according to Liz Jensen, Director of the Portsea and Sorrento Kay & Burton offices.
“In direct contrast to previous years, earlier this year we saw a marked reduction in property enquiry. Although fewer in quantity, the enquiries received were well-qualified and committed to purchase,” she said, adding that the introduction of a new levy on secondary and investment properties in Victoria had altered the local buyer landscape.
“There’s much talk around holiday properties and the associated land tax on multiple holdings. However, through boom-and-bust markets, we’ve always found Portsea, Sorrento, Blairgowrie and St Andrews Beach have managed to attract worthy buyers seeking the ultimate coastal escape close to Melbourne, without the need to board a plane.”
The latest building approvals data from the Australian Bureau of Statistics reveals that homeowners on the southern Peninsula are leading the nation in home investment. With $97.5 million worth of renovations approved for the 2023-24 financial year, this building boom not only reflects the region’s growth potential but also underscores the continued appetite for living on the Peninsula.
Acreage house hunters had also shown increased activity on the Peninsula, driven by renewed interest in a tree-change lifestyle as astute buyers saw a window of opportunity.
Executive Director Tom Barr Smith of Kay & Burton Flinders and Red Hill said the local market had adjusted to a new normal.
“We are still witnessing great results for properties across the Peninsula, albeit patience is a virtue as we’re now largely dealing with buyers looking for permanent homes,” he said. “We are working through the natural cycle of the market, and many buyers see this stage of the evolution as an opportune time to buy.”
The most sought-after properties on the northern end of the Peninsula continued to be lots between two and 10 acres with well-presented and spacious residences requiring little to no improvement.
Liz Jensen Director
Tom Barr Smith Executive Director, Group Board Member
Worth of approved homeowner renovations on the Southern Peninsula. Source: ABS.
“We are working through the natural cycle of the market, and many buyers see this stage of the evolution as an opportune time to buy.”
—Tom Barr Smith
“There’s always a limited supply of quality properties in our area and, unlike truly residential areas, we can offer buyers compelling reasons why secondary homes on acreages have very clear lifestyle and financial advantages,” Mr Barr Smith said.
With spring traditionally being the time lifestyle properties and locations came into the spotlight, Ms Jensen said the Mornington Peninsula was presenting plenty of opportunity as the weather warmed.
“As spring will bring the wild freesias, so too will fresh new buyers who are excited about the warmer conditions and farewelling winter,” she said. “Our blessing is just how unique the southern Peninsula is. Our prestigious slip of land between the sheltered bay and rugged ocean is a dream destination.
“There’s no question buyers in all categories are seeking well-located, wellpresented, low-maintenance properties in all price ranges from $1 million to $30 million.” .
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40 Beaulieu Road, Red Hill Read more in recent success
median weekly rents in Melbourne had jumped by 10.6 per cent while the rest of state had risen 4.7 per cent.
Cath Stubbings Director of Property Management
Buoyant yet balanced; positive outlooks for rental market
As investors came to terms with new compliance obligations and levies introduced earlier this year, confidence grew as additional outgoings were balanced by a buoyant rental market. And as the spring market blooms, renters are welcoming the reprieve of more stock while rental providers are taking comfort in a balanced market.
Cath Stubbings, Director of Property Management at Kay & Burton, said increased demand and low vacancy rates across Melbourne had put upward pressure on rents in the first half of 2024, but noted generally the market was finding its equilibrium.
Vacancy rates increased modestly over the last few months of the financial
year, but Kay & Burton did see record lows of around 0.5 per cent earlier in 2024. In the year to June 30, median weekly rents in Melbourne had jumped by 10.6 per cent while the rest of state had risen 4.7 per cent, according to PropTrack data.
“We are still experiencing vacancy rates sitting below the widely accepted “healthy” range of 3 to 4 per cent availability, although, as we head into spring, we’re anticipating more stock coming onto the market which will put us in a more balanced market,”
Ms Stubbings said.
“Rental increases are occurring at a faster rate in apartments compared with houses in 2024, as renters look for better value. Those who are downsizing after Covid-19 are feeling that apartments provide greater affordability,” Ms Stubbings said. Although at the other end of the market, the luxury segment— homes renting above $2000 a week— promised to continue its positive performance.
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607/150 Clarendon Street, East Melbourne Read more in recent success
“We manage a lot of properties priced between $2000 and $5000 a week where there is considerable demand and a willingness to pay for quality,” Ms Stubbings said. “This market is somewhat immune to wider affordability constraints and we’ve no shortage of renters seeking this calibre of property.”
The demand for luxury rental properties is showcased through Kay & Burton’s days on market sitting at an
average of 22 days, compared to the 27day industry average.
Ms Stubbings said two- to threebedroom homes between $750-$1300 per week were also expected to garner strong demand this spring.
“Renters will continue to look for good inner Melbourne rental accommodation and will be willing to prioritise rental costs over other lifestyle expenses,” Ms Stubbings added. .
705/150 Clarendon Street, East Melbourne Read more in recent success
Kay & Burton (left) rental days on market versus industry average (right).2
Kay & Burton record low vacancy rates of apporox. 0.5% in early 2024.2
Kay & Burton has always been a leader in the premium and luxury real estate markets. Since selling our first home in 1938, our success has been underpinned by the depth of knowledge, experience, and relationships that we have formed within the market in which we operate. We are proud to present some of top results from the past financial year. .
01. 14 St Georges Road, Toorak
As the most expensive Victorian property to change hands in last financial year, ‘Karum’ stands as one of the city’s landmark homes. Built in the Mediterranean Georgian revival style, the exquisite 1920s residence features extensive bevelled glass windows, decorative columns and an arched portico that’s reminiscent of the great palazzos overlooking the Mediterranean Sea. ‘Karum’ is not only dignified but sets a benchmark few properties can rival.
02. 35 Harcourt Street, Hawthorn East
Achieving a new price record for Hawthorn East, ‘Charlton’ is an impeccably restored boom-time mansion that merges heritage splendour, contemporary luxury and state-of-the-art technology. Built circa-1882 by architect John Beswicke, as a homage to his father, this turnkey masterpiece is set on an expansive 3422 sqm (approx.) block adorned with century-old trees and lush gardens designed by Paul Bangay. It’s the pinnacle of architectural splendour.
03. Colonsay Street, Templestowe
Following a broad-reaching campaign that received extensive editorial and social coverage, this mid-century modern marvel sold to a young family captivated by the home’s tranquil bushland surrounds and architectural excellence. The luxurious and sympathetic transformation of the 1970s abode saw it grace the cover of property magazines and led to more than 100 groups inspecting the home throughout its campaign.
04. 13 Butler Street, Brighton
This meticulously designed architectural oasis sold to a local family who fell in love with the exceptional design by Norwood Construction and the incredible amenities the home offered. In a masterful union of materiality where every element shines, curved Blackbutt cladding, Oak flooring, natural travertine, and cast concrete are all effortlessly in sync. While the wine room, sprawling gym, an infrared sauna, and a 10-car basement garage with a turntable put this home in a class of its own.
05. 5 Old Bittern-Droamana Road, Merricks North
Lovingly established by the vendors over many years, ‘Willawong’ is a beautiful estate in a sought-after location that secured a terrific result. The iconic property offered a unique opportunity to embrace a country lifestyle in the Peninsula’s winegrowing region. Set up to run cattle, it also boasted lifestyle amenities including an oasis pool, tennis court, and two substantial family homes.
A sweeping Pin Oak-lined driveway welcomes you to the property, through award-winning gardens to The Main Residence and The Cottage.
06. 37 Mary Street, Hawthorn
A noticeable uplift in buyer activity across Boroondara’s upper end, fuelled by market stability and returning ex-pats, led to an early offer within the $14-$15M price guide, triggering a private auction for this magnificent Grace Park Estate mansion. The resulting sale far surpassed expectations. Nestled amidst magnificent botanical gardens, the illustrious, light-filled mansion offers privacy and serenity. Designed by renowned architects Grainger and D’Ebro, the residence features a large widow’s walk with breathtaking 360-degree city views, underscoring its historical and architectural significance.
07. 2 Hopetoun Road, Toorak
A resurgence of generational estates changing hands across Stonnington injected new vitality into the market yet demand still far exceeds supply. This highly sought-after Wayne Gillespie, Rob Mills, and Paul Bangay masterpiece attracted eight offers at the end of its expressions of interest campaign and sold to an international
purchaser within the price guide. Displaying unmatched prominence and stature, the extraordinary home embodies refined extravagance and sophistication amidst Toorak’s most revered avenues. The remarkable residence sits beyond a high front fence and horseshoe driveway, with sculpted gardens leading to an intricate yet wonderfully simple design.
08. 7 Normanby Street, Brighton
Proving once again the strength in the upper end of the Brighton market, a record result was achieved for this Normanby Street property, known as ‘Clutha’. Following an extensive buyer search both locally and abroad, there were three offers from local buyers. The immaculate quarter-acre estate sold in excess of $10M. Positioned on one of Bayside’s most adored streetscapes, the home’s charisma, timeless Hawthorn-brick façade, and blend of heritage and contemporary elegance made this home truly remarkable.
9. 3701/100 Lorimer Street, Docklands
Achieving a new apartment benchmark for Docklands, this penthouse was secured by a young family with three children who appreciated the expansive floor plan, proximity to amenities and the incomparable 360-degree views of Melbourne. Spanning the entire 37th floor, a private on-title lift lobby introduces an extensive zoned interior where an immediate mood to rival Manhattan unfolds with floorto-ceiling double-glazed windows showcasing sky-high vistas at every turn. The penthouse also features two fully appointed kitchens, a fitted home cinema, and an entertainment balcony, epitomising luxury living.
10. 20 Ralston Street, South Yarra (leased)
With the benefit of an extensive corporate and private database established over many years, our fully furnished division is renowned for connecting the global corporate elite with the best homes across Melbourne. The stylish, recently completed home, designed by awardwinning architects Robson Rak, secured a result above expectations. Leasing for $2500 per week to a longterm corporate working on a project in Melbourne, the home offered an opportunity to enjoy the best of South Yarra’s desirable lifestyle.
11. 35 Prospect Hill Road, Camberwell
‘Fairholme’ was acquired by a young family relocating from Armadale, eager to embrace the next chapter in this iconic and storied home. Cherished by a single family for more than three decades, this grand residence, set on a breathtaking 3566 sqm (approx.), represented an extraordinary lifestyle opportunity in the heart of Camberwell. The magnificent balconied mansion was designed in a Georgian style by architects Crouch & Wilson, celebrated for their iconic buildings such as Prahran Town Hall and Methodist Ladies’ College’s Tiddeman House.
12. 231 Kooyong Road, Toorak
This classically elegant, renovated 1930’s family residence attracted significant interest, with 20 groups inspecting the property during its brief time on the market. The unprecedented demand led to a private auction where five bidders competed for the keys, driving the final price well beyond expectations. Positioned enviably on the high side of Toorak Hill, the sale highlighted the enduring appeal of generational homes.
13. 3 Avalon Road, Armadale
Built in 1907, this glorious Edwardian arts-and-crafts house, known as ‘Ashworth’, followed a textbook campaign, securing a sale on the day the expressions of interest concluded. It attracted significant interest from Chinese purchasers but ultimately sold to a local buyer within the Kay & Burton database. The widespread interest was due to the home’s alluring architectural period features and harmonious fusion of eras, creating a mansion that celebrates contemporary living while paying homage to its history.
14. 40 Beaulieu Road, Red Hill Melburnians who split their time between the city and Peninsula secured their dream home in their dream location with the acquisition of ‘Meribel’. Elegantly captivating from every angle, the property is a masterstroke of modest sophistication, where the balance of raw and refined mediums created a warm feel of subdued luxury and composure. The quality of the renovation and landscaping generated significant interest.
15. 150 Clarendon Street, East Melbourne (leased)
Designed by internationally acclaimed architects Bates Smart, 150 Clarendon is an iconic East Melbourne building that is often described as akin to living opposite New York’s Central Park with dramatic vistas of Fitzroy Gardens, the city skyline and Arts Centre. Our Property Management division secured remarkable results within the building throughout the year, including the lease of apartment 607 within seven days of being on the market for $2800 per week and apartment 705 securing an off-market result for $4000 per week.
Stonnington +61 3 9820 1111
Level 7, 505 Toorak Road, Toorak
Bayside
+61 3 9592 6522
9 Male Street, Brighton
Red Hill +61 3 5989 1000
159 Shoreham Road, Red Hill South
Sorrento +61 3 5984 4744
106 Ocean Beach Road, Sorrento
Boroondara +61 3 8862 8001
553 Glenferrie Road, Hawthorn
Flinders +61 3 5989 1000
47A Cook Street, Flinders
Portsea +61 3 5984 4744
3741 Point Nepean Road, Portsea
This document has been provided for general information only and must not be relied upon in any way. Please contact the listing agent(s) for the most up-to-date information relating to the properties within this document.
All land sizes and measurements are approximate. Data reflects sales in the specified area and price range for the period July 2023 to June 2024. Data sourced from realestate.com.au sold listings and Kay & Burton CRM. Kay & Burton internal reporting on rental data. * 1 2
