Marshall White - Market Update Report - Issue 2, 2024: Stephen Smith - Bayside

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Feature Property

Bayside with Stephen Smith

Stephen Smith 0423 266 231 stephen.smith@marshallwhite.com.au

In Bayside, the past months have seen an equal split between Auctions and Expression of Interest campaigns, with 'turnkey' family homes outperforming those requiring renovations.

Proximity to schools has emerged as a key priority for time-poor families with two working parents, allowing children to walk home and alleviating drop-off and pick-up constraints.

The area has also witnessed a strong influx of international buyers enrolling in local schools, further driving demand for properties close to educational institutions.

As we look towards the year ahead, we anticipate an increase in stock levels moving into August, accompanied by steady and ‘logical’ market results.

The prevailing sentiment among buyers and sellers alike is one of calm and considered decision-making, suggesting a period of stability on the horizon for the Bayside property market.

Bayside April - July

368 53

$ 2,262,555 $ 2,859,025 $ 7,250,000 $ 151,528,300

Curated appointments and indulgent finishes define the modern Hamptons-inspired luxury and intuitive family liveability of this recently completed five-bedroom residence, perfectly positioned in a prized Bayside neighbourhood, an easy walk to Hampton and Brighton beaches, prestigious schools, and boutique shopping.

Nestled within the esteemed waterfront enclave of St Ninians Road, renowned as one of Brighton's most coveted addresses, lies a remarkable opportunity. Spanning approximately 1800 square meters, this unparalleled piece of real estate commands an enviable position right on Brighton's iconic Golden Mile, offering unobstructed views of the bay and city skyline from every vantage point.

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