Property Market Update - Davide Lettieri - Edition 1, 2020

Property Market Update Boroondara

Edition 1, 2020 We have experienced a mixed start to 2020 in Real Estate, with strong feature auction property, page success rates and a spike in the number of listings suggesting a strengthening of the market. However, while stock levels remain reasonably high and with many active buyers and sellers in the market, the impact of COVID-19 is yet to be fully realized and the ongoing health of our team, our clients and the community becomes our primary concern.

In accordance with the most recent Federal Government guidelines, public auctions will be cancelled with immediate effect. All of Marshall White's current listings will now be offered via an Expression of Interest or Private Sale campaign.

Please contact our agents to express your interest in any of our listed properties.

We will continue to provide services to our clients in a considered manner and in a way that respects both the prevailing Government guidelines and the needs of all the participants in the Real Estate market.

We understand there will be uncertainty, and in some cases increased anxiety, among those who still wish to buy or sell.

Davide Lettieri M 0414 018 707 P 8862 4982 E davide.lettieri@marshallwhite.com.au

We encourage you to call our agents directly for the most current advice we can provide and outline a possible path forward for your Real Estate needs.

All of us at Marshall White wish you and your families the very best of health in these difficult times and we remain available to assist in any practical way we can.

Simon Jovanovic CEO, Marshall White Group

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From the Agent Davide's take on the market this quarter

The contrast between the start of 2020 and just 12 months ago could not have been more dramatic. With the recovery consolidating in the last quarter of 2019, we were cautiously optimistic for a good start to the year´s auction season. Although there was an increase in the supply of property, it was not enough to keep up with strengthening demand. Vendors who did list their properties were rewarded with auction success rates over 80 per cent and prices that were above expectations. With yet another interest rate cut, a falling Australian dollar and turmoil in the share market, "bricks and mortar" is becoming once again the investment of choice. The Covid 19 virus has introduced an unknown factor to the property market but first indications are that while demand remains strong many potential vendors are choosing to postpone their decision to sell which will put further pressure on prices to potentially increase.

Boroondara Lifestyle East End Wine Bar

Housed in the iconic century-old 1930s auction house in Hawthorn East, East End Wine Bar is a warm yet modern establishment that feels nostalgic and familiar. When you walk in you´ll feel right at home in the warmly lit, homey ambience.

East End boasts an impressive drinks menu with a wide variety of wines. The menu has been designed to be paired perfectly with your nibbles of choice, such as charcuterie boards, a selection of pizzas, preserved meats and other small dishes. With the Rivoli cinema across the road, they´re the perfect pre-movie snacks.

225 Camberwell Road, Hawthorn East 9882 2212

32 Pine Avenue, Camberwell

Family home in the "Sunnyside Estate" 32 Pine Avenue, Camberwell

A substantial c1932 "Arts & Crafts" inspired brick residence, meticulously maintained and architecturally extended to provide versatile family accommodation comprising: panelled entrance hall, elegant formal living room and adjoining separate dining room (OFP), well appointed modern kitchen with adjacent meals area and family room opening to expansive timber deck overlooking a private and secure rear garden, luxuriously large main bedroom with ensuite, four further double bedrooms, large study or 6th bedroom, fitted office and retreat, two further bathrooms, laundry/utility room and LU garage.

Land: 877sqm (approx.)

A Word From My Clients Congratulations on the result for our house at 33 Trafalgar Street, Mont Albert.

I am sure you would be very pleased with the price, as we are.

You have no idea how grateful and relieved I am.

You have done exactly what I had hoped you would do and I can´t thank you enough for that.

I feel like I can stop for a few days and regroup.

I thank you for all your excellent service and communication, which has been much appreciated.

Doug & Beth - Mont Albert

Andrew & Gabriele - Hawthorn East

Some of Our Exceptional Results

171 Mont Albert Road, Canterbury

53A Maitland Street, Glen Iris

174 Balwyn Road, Balwyn

4 3 2 Sold in the vicinity of $3,600,000

4 2 2 Sold in the vicinity of $2,600,000

5 3 2 Sold in the vicinity of $2,500,000

16 Marlborough Avenue, Camberwell

30 Barton Street, Surrey Hills

34 Violet Grove, Kew East

4 1 3 Sold for $2,260,000

4 2 2 Sold for $2,100,000

5 2 3 Sold for $1,905,000

6 Cradley Avenue, Kew

83 Illawarra Road, Hawthorn

14 Mowbray Street, Hawthorn East

5 3 2 Sold in the vicinity of $3,100,000

4 2 2 Sold in the vicinity of $3,000,000

5 4 2 Sold in the vicinity of $4,100,000