MARKET UPDATE REPORT
FEATURE PROP ERTY
PORT PHILLIP MARKET REVIEW WITH OLIVER BRUCE
In Port Phillip, auctions remain the most common method of sale, with many vendors leaning this way given the strength and growth we are seeing in the market. Strong attendance and active bidding continue to highlight why this approach delivers great results, especially for well-positioned homes.
The properties drawing the greatest attention are turn-key opportunities — fully renovated homes that require little or no work. Buyers are increasingly prioritising lifestyle and convenience, and the allure of moving straight into a stylish, low-maintenance residence is particularly strong in this tightly held bayside suburb.
In the months to come, the market outlook is positive. High clearance rates, increasing bidder numbers and recent rate cuts indicate the market is firmly on the move again, positioning the year ahead as a period of growth and opportunity for both buyers and sellers.
NOTABLE RECENT CAMPAIGN
123 SAMPLE STREET
32 PAGE STREET
SUBURB
ALBERT PARK
A 0 B 0 C 0 F 0 E 0,000 approx
A 3 B 2
Sold for $0,000,000
Competitive Auction Result
CAMPAIGN INFORMATION
Price Guide
$2,400,000-$2,600,000
Method of Sale Auction Contracts Requested 9
Marketing Schedule
A spirited auction with 4 bidders and 35 bids, achieving a premium result of $3,130,000
COMMUNITY
MELBOURNE GIRLS GRAMMAR SCHOOL
Grateful for the opportunity to auction at The Navy Blue Melbourne Girls Grammar School luncheon. What better way to support a great cause than coming together.
LIFESTYLE
JACK THE GEEZER
One of my personal favorites is Jack The Geezer, a cherished Middle Park hub. From coffee to brunch, they make every visit memorable.
