Market Update Report

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PRESTIGE REVIEW

Top 10 Sales by Team Chiminello

Prestige Property Market Report

Toorak Market Snapshot:

As we enter the new financial year and head toward the upcoming spring market, now is an appropriate time to reflect on what was an excellent first half of 2024 in the prestige property market, despite the prevailing negative economic sentiment in the press.

Confidence in the prestige property arena has endured for decades, and ongoing media reports of a downturn, decreasing success levels, or low clearance rates have little or no bearing on the luxury market. Opportunities to buy in the premium sector have reduced by around 35% year on year, and this scarcity, along with the persistent attraction of highend property, preserves the buoyant status quo.

We have consistently achieved outstanding results for our clients throughout autumn and winter and expect the balance of this year's market to maintain the same successful momentum. Our individually tailored marketing campaigns, coupled with our strategic and discreet off-market sales, have resulted in numerous multi-million dollar property transactions.

If you are considering selling this spring, now is the perfect time to start planning.

Even if a sale is not on your immediate agenda, you may be interested to know what your home is worth in the current market, and we would be delighted to assist you.

A Rich History

35-39 Albany Road, Toorak

A 10 B 7 C 8 E 3,616sqm

One of Toorak's most admired homes, this captivating c1941 Geoffrey Sommers-designed ivy-covered brick residence is set within magnificent established gardens measuring approximately 3,616sqm, providing a once in a generation opportunity to enhance. Replete with an illustrious provenance and the elegance and grandeur of the era, the home is considered one of the finest examples of Georgian Revival architecture. Framed by a sweeping circular drive, the majestic reception hall introduces a gracious sitting room with open fire, formal dining room and a refined timber panelled library. A sun-drenched family living and dining room opens to leafy west-facing gardens and a pool.

Recent Success Toorak

Graceful Grandeur

7 Barnard Road, Toorak

A 4 B 4 C 5 E 660sqm

In a sophisticated interpretation of classic European elegance, this spectacular architect-designed residence surpasses every expectation. In one of Toorak’s most prestigious pockets, breathtaking interior dimensions are enveloped by exquisite Jack Merlo-designed garden and pool surrounds. An uncompromising level of finish throughout includes bespoke joinery, imported stone, oak parquetry, black steel framed doors and 4m high ceilings. Creating an unforgettable first impression, the vast reception hall and soaring elliptical sky-lit void evokes a sense of occasion as it flows through to an executive study, palatial sitting room and grand formal dining room.

Ferrari Purosangue

Elevating Luxury to New Heights

In the world of luxury, few brands command the respect and admiration that Ferrari does. With the award-winning Purosangue FUV, Ferrari has once again proven its ability to push the boundaries of automotive excellence, creating a vehicle that perfectly aligns with the values and aspirations of our clients at the top end of the market.

At Marshall White, we take pride in our reputation for prestige and our commitment to providing our discerning clientele with the very best in luxury living. It is this shared pursuit of excellence that makes the Ferrari Purosangue such a perfect fit for our brand and our clients.

The Purosangue represents the culmination of over five years of development, combining Ferrari's legendary performance with the comfort and versatility of a four-door, four-seater FUV. Powered by a naturally aspirated V12 engine that delivers an impressive 725 cv and 80% of its torque at low revs, the Purosangue offers an unparalleled driving experience that is both exhilarating and refined.

Beyond its raw power, the Purosangue showcases Ferrari's commitment to style and craftsmanship. Its sleek, athletic exterior is a testament to the brand's iconic design language, while the spacious and meticulously appointed interior ensures that every journey is a luxurious experience.

The Purosangue's innovative layout and attention to aerodynamic efficiency further demonstrate Ferrari's dedication to pushing the boundaries of what is possible in the world of luxury automobiles.

As a brand that prides itself on offering only the very best to our clients, Marshall White aligns with the uncompromising excellence of the Ferrari Purosangue. This groundbreaking FUV serves as a symbol of the shared values that define both of our brands: a passion for innovation, a commitment to quality, and a dedication to providing our clients with experiences that are truly extraordinary.

For those who demand the very best, the Ferrari Purosangue is now available to inspect at Ferrari Melbourne. Seize this opportunity to experience the future of luxury driving firsthand and discover why the Purosangue is set to redefine the FUV segment. CLICK HERE TO LEARN MORE

Prestige Property Sales

Cleeve Court, Toorak
10 Blackfriars Close, Toorak
43 Lansell Road, Toorak
86 Mathoura Road, Toorak
13 Anderson Street, Malvern East
58 Clendon Road, Toorak

Developed by Design by

Redefining Wellness in Toorak & South Yarra

Saint Haven, Australia's most sought-after private club, has announced the sell-out of its second location in Toorak before the public launch, and the upcoming pre-registrations for a third location in South Yarra. The success follows the sell-out of its first Collingwood location last year, which resulted in a waitlist of over 15,000 people eager for new locations.

Created by Tim Gurner, founder of Gurner Group, Saint Haven offers a unique combination of ancient holistic practices, science-backed health programs, reverse-ageing technologies, and personalised 5-star service. The Toorak club, located in the St Germain building at 505 Toorak Road, spans 1,600sqm and sits alongside other high-profile brands and several Melbourne family offices.

As the Group's first 'Saint Haven Black Label' level club, Toorak will focus on unparalleled service, luxury, and investment in reverse-ageing technology. The practitioner team will curate bespoke health and wellness plans integrating new technologies, nutrition, DNAtesting, Oura Ring sleep data, supplements, and exclusive treatments. Members will enjoy personal lockers featuring their favorite organic and natural fragrances, overnight washing service, and Bentley Melbourne airport chauffeur service.

The South Yarra location, a collaboration with Larry Kestelman and the LK Group, will be housed within the prestigious Capitol Grand building. Designed by Simon Brugaletta, Head of Interior Design at Gurner Design House, the 1,700sqm sanctuary of wellness will feature co-working spaces, phone booths, a boardroom, various studios for Breathwork, Yoga, Reformer Pilates, and Strength and Conditioning, as well as treatment rooms for massage and facials by James Vivian. The club will also include a signature Ancient Bathhouse with a thermal 38-degree magnesium pool, ice baths, a traditional sauna, steam room, and an on-site organic wholefoods restaurant and elixir bar.

The success of Saint Haven's expansion highlights the growing demand for exclusive, holistic wellness experiences that combine ancient practices with cutting-edge technology and personalised service.

Campari Seltz

Andrew McConnell’s Gimlet brings a taste of Milan to Melbourne with Campari Seltz on tap. Experience a slice of Italian history right here in Melbourne. Gimlet at Cavendish House has just become the first venue in the Southern Hemisphere to install a Campari Seltz machine, making it only the third venue in the world to offer this iconic drink on tap.

A Timeless Recipe

The Campari Seltz has been a staple at Campari's Camparino Bar in Galleria, Milan, for over a century. The recipe, unchanged since 1915, is a celebration of the timeless appeal of simplicity. Ice-cold Campari is combined with water siphoned from the machine into a frozen glass. The highpressure seltz provides aeration, creating a silky froth that releases all the botanicals in the Campari.

An Elite Club

With this new addition, Gimlet joins an elite club of just three venues worldwide that offer Campari Seltz on tap. The other two machines can be found in Milan and Berlin, making Gimlet's machine the first 'open to public' Seltz machine in the Southern Hemisphere.

Experience the Magic at Gimlet

You can enjoy a Campari Seltz venue-wide at Gimlet. Whether you're a Campari enthusiast or simply looking to try something new, this is your chance to experience a piece of Italian history right in the heart of Melbourne.

A Toast to Tradition

As you raise your glass of Campari Seltz, you'll be participating in a ritual that has remained unchanged for over a century. It's a toast to tradition, to simplicity, and to the timeless art of crafting the perfect drink. Head down to Gimlet at Cavendish House and experience the magic of Campari Seltz on tap. It's a taste of Milan that you won't find anywhere else in the Southern Hemisphere.

Gimlet 33 Russell Street, Melbourne

Marcus Chiminello Director 0411 411 271

Nicholas Brooks Associate Director 0419 883 136

Mandy Zhu International Sales Executive 0411 893 168

Marshall White's Team Chiminello

Highly-regarded and award winning, Team Chiminello is recognised as one of Australia’s leading real estate teams, specialising in selling prestige homes and luxury developments. A combination of shrewd intellect, market knowledge and determined dedication alongside team cohesion ensures clients are provided with a world-class real estate experience.

Mandy Stanley Business Manager

0418 606 317

Alan Crawford Sales Executive 0423 747 155

Ella Atkins Sales Executive 0427 211 769

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