FEATURE PROPERTY
STONNINGTON MARKET REVIEW
Both auction and expressions of interest are in regular use across Stonnington, with expressions of interest increasingly favoured by many agents at this point in the cycle. Pricing discipline continues to be the single greatest determinant of outcome: homes brought to market in line with genuine value are selling, while those positioned ahead of the market face a far more protracted campaign. There is no particular style or price bracket leading demand; rather, it is accurate pricing that separates a strong result from a stalled campaign.
Turnkey homes close to amenities are perennially popular, though buyers are discerning, weighing not only the quality of a build or renovation but also the design and floorplan on offer. Activity on the buyer side is led by owner-occupiers rather than investors, while vendors are typically motivated by a clear driver beyond price alone, including lifestyle change, deceased estates and families upgrading while conditions favour the move. Many on both sides are expected to wait for greater certainty following the November election before committing, with sentiment likely to respond once the outcome becomes clear.
$2,451,833 $2,846,940 $13,425,000 $193,591,913
1/64 IRVING ROAD
TOORAK
A 3 B 2 C 2
Sold for $1,880,500
CAMPAIGN INFORMATION
Price Guide
$1,690,000 - $1,850,000
Method of Sale Auction
Contracts Requested 4
1/64 Irving Road, Toorak
Domain 2 Week Print Campaign
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