FEATURE PROPERTY
STONNINGTON MARKET REVIEW
Both auction and expressions of interest campaigns continue to be widely used across Stonnington, with many agents increasingly favouring expressions of interest in the current market. Pricing remains the key determinant of success: homes brought to market in line with genuine value are attracting strong interest and selling, while those positioned ahead of the market are often experiencing longer campaigns and greater buyer resistance.
There is no single style of home or price point driving activity. Instead, buyers are responding to quality, convenience and value. Turnkey homes close to amenities remain highly sought after, although buyers are increasingly discerning, placing equal emphasis on design, floorplan functionality and overall liveability alongside the quality of a renovation or build.
Owner-occupiers continue to drive the market, with investors playing a smaller role. Most vendors are selling due to life circumstances rather than price alone, including lifestyle changes, deceased estates, downsizing or upgrading opportunities. Looking ahead, some buyers and sellers remain cautious amid broader economic uncertainty, although confidence is expected to strengthen as conditions become clearer throughout the year.
93,591,913
PRO PERTY HIGHLIGHT
46 VICTORIA ROAD NORTH MALVERN
A 5 B 3 C 1
Price Undisclosed
NOTABLE R EC E N T C A M PAIGN
5 RUSSELL STREET TOORAK
A 4 B 3 C 4 E 915 approx.
Price Undisclosed
CAMPAIGN INFORMATION
Method of Sale Expressions of Interest
Contracts Requested11
PROPERTY INFORMATION
Ensconced within ivy-clad walls and verdant gardens on one of Toorak’s most tranquil streets, yet moments from public transport, this exceptional 1930s residence occupies a substantial 915sqm (approx) allotment
Beautifully balancing classic charm with contemporary enhancements, this captivating five-bedroom period home, delivers exceptional family living and effortless entertaining, in stunning poolside garden surrounds.
