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Oliver Bruce Port Phillip Market Update Report

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FEATURE PROPERTY

19 ST VINCENT PLACE SOUTH, ALBERT PARK

A4 B4 C2

Sold Off-Market


PORT PHILLIP MARKET REVIEW WITH OLIVER BRUCE Auction remained the preferred method for publicly advertised campaigns across Port Phillip this quarter, though pre-market sales accounted for a significant share of overall activity. Family homes, newly renovated houses and properties in tightly held streets remained in the highest demand. Buyer confidence increased this quarter, with limited stock on public portals continuing to drive more transactions off market. Proximity to cafes, restaurants and walking access to the lake or beach remain key priorities for buyers. Both sides of the market are settling into current conditions, with buyers accepting that prices are unlikely to soften further and vendors adjusting to a flatter, short- to medium-term outlook.

OLIVER BRUCE

0409 856 599 oliver.bruce@marshallwhite.com.au

PORT PHILLIP JULY - SEPTEMBER Total Number of Sales

Average Sales Price

Marshall White

92

47

All Agencies*

Marshall White*

$2,097,975

$3,035,362

All Agencies*

Marshall White*

$13,000,000

$142,662,000

Highest Selling Price*

Total Sales Price Combined*

*Source: Marshall White, Property Data Online for sales over $1m VIC Govt. Dept. Families, Fairness and Housing ^ Financial year quarters shown*Source: Marshall White, Property Data Online for sales over $1m VIC Govt. Dept. Families, Fairness and Housing


PROPERTY HIGHLIGHT 19 ST VINCENT PLACE SOUTH, ALBERT PARK

A 4

B 4

C 2

Sold Off-Market

Sold competitively at auction with three active bidders, following a strong campaign that welcomed over 70 buyers through the property demonstrating the strength of a wellexecuted auction campaign and sustained buyer engagement.

COMMUNITY

LIFESTYLE

ALBERT PARK YACHT CUB

MIDDLE PARK EUROPEAN

A longstanding part of the local community, Albert Park Yacht A much-loved local destination in the heart of Middle Park Club brings sailing to the heart of Albert Park Lake, welcoming Village, Middle Park European captures the relaxed sophistication sailors of all ages and abilities in a relaxed and inclusive setting. and strong sense of lifestyle that defines the neighbourhood.


UNRIVALLED RESULTS

78 ERSKINE STREET MIDDLE PARK

35 DINSDALE STREET ALBERT PARK

A4 B3 C1

A 4 B 2 E 237 approx.

A 3 B 2 E 144 approx.

Sold at Auction

Sold Off-Market

Sold Prior to Auction

209 RICHARDSON STREET MIDDLE PARK

331 RICHARDSON STREET MIDDLE PARK

51 RAGLAN STREET PORT MELBOURNE

A 4 B 3 C 1 E 263 approx.

A 3 B 1 C 1 E 371 approx.

A 3 B 2 C 1 E 275 approx.

Sold Off-Market

Sold Off-Market

Sold at Auction

83 ERSKINE STREET MIDDLE PARK

16 BOYD STREET ALBERT PARK

81 LITTLE PAGE STREET ALBERT PARK

A 2 B 1 E 215 approx.

A4 B2 C1

A2 B1

Sold Prior to Auction

Sold Off-Market

Sold at Auction

REQUEST AN APPRAISAL

78 BRIDPORT STREET ALBERT PARK

You may be interested to know what your home is worth in the current market and I would be delighted to assist you with this complimentary service. To experience the Marshall White difference please contact OLIVER BRUCE 0409 856 599 oliver.bruce@marshallwhite.com.au or visit marshallwhite.com.au


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