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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
Lawrence Zhu 0411 450 158 lawrence.zhu@marshallwhite.com.au
This elegant contemporary Georgian-inspired two-storey residence is presented in immaculate condition and complemented by light-filled living spaces of impressive proportions. Set in substantial, classical garden surrounds of 724sqm (approx.) which are lined with hedges and dominated by a magnificent tall ornamental trees, it is further enhanced by a prestigious location in the prized Balwyn High School zone. 9
Inspired by the grandeur of the world’s finest French Provincial homes, this lavishly proportioned family residence is perfectly presented, as new, with five bedrooms, five ensuites and a home office, all within one of the more esteemed streets of the Balwyn High School zone.
