Marshall White - Market Update Report - Issue 2, 2024: Davide Lettieri - Boroondara

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Feature Property

Frater Street, Kew East

Boroondara with Davide Lettieri

Lettieri 0414 018 707 davide.lettieri@marshallwhite.com.au

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

Davide

Enviably situated literally metres to the fabulous cafes, restaurants and shops in West Hawthorn village, this classic solid brick balconied Victorian residence combines the irresistible charm and impressive proportions of the era with superb contemporary style.

Sold in excess of $1,750,000

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

The Beehive Hotel

84 Barkers Road, Hawthorn Hours: Sun to Thur Midday to 11pm, Fri & Sat Midday to late

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