Marshall White - Market Update Report - Issue 2, 2024: Lexi Anastassiou - Boroondara

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Feature Property

Boroondara with Lexi Anastassiou

Lexi Anastassiou 0431 645 548 lexi.anastassiou@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.

544 194 $2,630,893 $2,842,864 $8,800,000 $551,515,539

72 Malmsbury Street, Kew

A 2 B 1 C 1 E 154 approx.

Sold in excess of $1,300,000

103 Princess Street, Kew

A 4 B 2 C 2

Sold in excess of $2,165,000

Part of an iconic row of similar Victorian brick cottages this super single fronted home offers classic period features including iron lacework, ceiling roses and ornate cornices whilst providing a fully renovated interior which matches today’s lifestyle perfectly.

Distinguished on the basis of quality, looked-for luxury and sophistication, this exclusive Kew residence showcases an ensemble of formal and relaxed living spaces complemented by the romance of a sweeping staircase, Juliet balconies, water features and stylish French doors.

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