Marshall White - Market Update Report - Issue 2, 2024: David Smith - Boroondara

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Feature Property

Kyora Parade, Balwyn North

Boroondara with David Smith

The market has been outperforming media portrayals, especially in more affluent suburbs where demand remains strong in this "price sensitive" market.

Well-advised vendors and accurate Statements of Information (SOIs) have led to high success rates in auctions and Expression of Interest (EOI) campaigns, with international clients forming a significant buyer base. Auctions, the preferred method, have experienced 70-90% success rates to date in 2024.

Boroondara's appeal endures due to its proximity to schools, amenities, and lifestyle benefits. Recently renovated, turnkey family homes continue to achieve strong results. Auctions were best for $2-5 million homes, offering unconditional sales and transparency. Downsizers were active, seeking apartments and single-level options near amenities.

An increased volume of listings is expected from August to November, steady conditions through Christmas, with potential fluctuations based on interest rate movements.

Boroondara April - July 544 194 $ 2,630,893 $ 2,842,864 $ 8,800,000 $ 551,515,539

David Smith 0402 361 680 david.smith@marshallwhite.com.au

Nestled in one of Melbourne’s most renowned family-family locales, this homely Edwardian-style residence presents a character-filled sanctuary refreshed with modern comforts. Residing on an idyllic treelined street, you’ll enjoy the quintessential Eastern-suburbs lifestyle behind a picturesque picket fence.

Sold in excess of $3,200,000

Community

Marshall White Foundation Ball 2024

We raised over $150,000 to support crucial initiatives with You Matter and Launch Housing, helping vulnerable women and children.

Lifestyle

Australian Grossi Group chef and restaurateur Guy

the former Kew

pub with his permanent presence in the form of the new multi-venue establishment Clifton Hotel.

Clifton Hotel | Puttanesca Osteria
Grossi revitalised
junction

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