Team Manolitsas Market Update Report

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PORT PHILLIP

FEATURE PROP ERTY

PORT PHILLIP MARKET REVIEW WITH TEAM MANOLITSAS

In Port Phillip, auctions remain the most common method of sale, with many vendors leaning this way given the strength and growth we are seeing in the market. Strong attendance and active bidding continue to highlight why this approach delivers great results, especially for well-positioned homes.

The properties drawing the greatest attention are turn-key opportunities — fully renovated homes that require little or no work. Buyers are increasingly prioritising lifestyle and convenience, and the allure of moving straight into a stylish, low-maintenance residence is particularly strong in this tightly held bayside municipality.

In the months to come, the market outlook is positive. High clearance rates, increasing bidder numbers and recent rate cuts indicate the market is firmly on the move again, positioning the year ahead as a period of growth and opportunity for both buyers and sellers.

$2,123,146 $2,704,247 $8,208,888 $118,986,888

PROPERTY HIGHLIGHT

37 CARDIGAN PLACE

ALBERT PARK

A 4 B 3 C 1 E 308 approx. Sold - Prior to the Expressions of Interest closing date

COMMUNITY

Oliver Bruce and I are proud to continue our sponsorship of Albert Park College, as we have done over recent years.

An illustrious c1889 Victorian reimagined with contemporary elegance, featuring grand formal rooms, exquisite finishes, a tranquil courtyard with guest house and private dual access via Brooke Street. Perfectly placed for village cafés, boutiques and the beach, it offers refined luxury and a walk-everywhere lifestyle.

LIFESTYLE

One of my personal favourites is Wally’s, found on the corner of Cardigan Place. It’s the kind of neighbourhood bar that perfectly captures the relaxed yet refined feel of Albert Park.

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