Market Update R eport
Stonnington
Feature Prop ert y
Stonnington with Mark Harris
Early indicators at the start of the year suggest a promising outlook for real estate in 2025, with consumer sentiment improving steadily despite property values remaining stable. The recent interest rate cut played a key role in boosting confidence, setting the stage for potential price shifts in the coming months.
Move-in-ready family homes saw the strongest demand across our key areas, with buyers prioritising convenience and lifestyle. Well-located properties in established suburbs continued to attract competition, particularly those within school zones and close to amenities. At the same time, interstate investors turned their attention to the Victorian market, recognising its potential as it began to correct after previous fluctuations.
Market momentum increased as buyer confidence grew, reflected in stronger attendance at inspections and more competitive bidding at auctions. Sellers who presented their homes well and priced strategically saw positive results, while buyers showed greater urgency to secure quality properties.
Looking ahead, the outlook remains optimistic, with the potential for further rate cuts likely to encourage more activity. As confidence continues to build, both buyers and sellers have the opportunity to capitalise on favourable conditions. The next few months could bring meaningful shifts in pricing and demand, making it an ideal time to enter the market.
Stonnington January to March 200 85
$ 2,511,524 $ 3,232,439 $ 17,400,000 $ 274,757,317
Mark Harris 0414 799 343 mark.harris@marshallwhite.com.au
Located in arguably East Melbourne’s finest street and combining the cutting-edge creative talents of Elenberg Fraser with undeniable and enduring, evocative Victorian streetscape appeal, “Halloween” (c. 1854) has undergone an extraordinary transformation and, completed only 3 years ago and barely occupied since, now presents as an effectively brand-new 5 bedroom family home.
Capturing wonderful leafy treetop vistas to the north and west, this stunning 3-bedroom penthouse residence provides unsurpassed lock up and leave luxury.
