Marshall White - Market Update Report - Issue 2, 2024: Nick Ptak - Boroondara

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Feature Prop ert y

Boroondara with Nick Ptak

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

Nick Ptak 0413 370 442 nick.ptak@marshallwhite.com.au

19a Redmond Street, Kew

A 4 B 2 C 2 E 629 approx.

in excess of $3,300,000

36 Kooyongkoot Road, Hawthorn

A 6 B 4 C 6 E 1858 approx.

in excess of $11,000,000

Commanding panoramic city views, this stunning contemporary home features clean lines and creative picture and floor-to-ceiling windows. Privately tucked away at the end of a long driveway in a serene bushlike setting with Yarra River frontage, this split-level brick family residence is located in the prized Studley Park area.

and golf practice area. Grand formal rooms lead to a contemporary dining area and gourmet kitchen. A spectacular “glass house” living room opens to an outdoor area with a BBQ kitchen, al fresco terrace, and mod grass tennis court.

Set on 1858sqm in Scotch Hill's top street, this Tudor residence, renovated by Kennedy Nolan, offers resort-style living with a tennis court, pool,

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