Feature Prop ert y
Port Phillip with Sarah Wood
From January to March, buyer activity strengthened from the previous quarter, with auctions and pre-marketing emerging as the dominant sales methods. The first major auction week of the year recorded a 100% success rate, with most auctions drawing multiple bidders and one receiving an impressive 63 bids. This competitive environment reflected a high level of demand and confidence in the market.
Four-bedroom, multi-bathroom homes with off-street parking remained the most sought-after properties, especially in school zones and treelined streets with abundant natural light. Buyers were a mix of local and out-of-area demographics, indicating a broad appeal for well-located, quality homes.
Market confidence continued to rise steadily, with a growing sense of urgency among buyers. Pre-auction offers became increasingly common as buyers attempted to secure properties ahead of competitive bidding. Open home attendance was strong, and enquiries remained high, further reinforcing the positive sentiment.
Looking ahead, the market outlook remains highly positive, with momentum expected to build further in the coming months. Demand for family-friendly homes in prime locations is set to continue, with buyers prioritising lifestyle, convenience, and long-term value. Sellers who present their properties well are likely to benefit from strong results in this highly competitive market.
Port Phillip January - March 195 40
$ 1,989,512 $ 2,403,910 $ 6,175,000 $ 96,156,410
Sarah
Property Highlight
29 Moubray Street, Albert Park
A 1 B 1
$2,000,000
Wally's
European-Inspired Wine Bar
Nestled on the corner of Merton Street and Cardigan Place, Wally’s is a neighbourhood bar in the heart of Albert Park, offering a warm and inviting space for locals and visitors alike. Whether you’re after a casual drink, a long lunch, or an intimate dinner, Wally’s provides the perfect setting with a relaxed atmosphere and attentive service.
With both indoor and outdoor seating, our menu showcases a rotating selection of European-inspired dishes made with seasonal ingredients.
At Wally’s, they celebrate good food, great wine, and genuine hospitality. Whether you're a regular or a first-time guest, you’ll always find a warm welcome and a place to unwind.
We had 65 groups inspect and three eventual bidders who came from all over. It was a unique home as the vendors had turned a two-bedroom terrace into a one bed, one bath home on approximately 80 square metres so it was quite a challenging property to value. We had an indicative guide price on the home at $1,500,000$1,650,000, with three buyers competing at Auction.
