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Ben Bongiorno Market Update Report

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BEN BONGIORNO

Bothauctionandexpressionsofinterestareinregularuseacross Stonnington,withexpressionsofinterestincreasinglyfavoured bymanyagentsatthispointinthecycle.Pricingdiscipline continuestobethesinglegreatestdeterminantofoutcome: homesbroughttomarketinlinewithgenuinevalueareselling, whilethosepositionedaheadofthemarketfaceafarmore protractedcampaign.Thereisnoparticularstyleorpricebracket leadingdemand;rather,itisaccuratepricingthatseparatesa strongresultfrom a stalled campaign.

Turnkeyhomesclosetoamenitiesareperenniallypopular,though buyersarediscerning,weighingnotonlythequalityofabuildor renovationbutalsothedesignandfloorplanonoffer.Activityon thebuyersideisled byowner-occupiersratherthaninvestors, whilevendorsaretypicallymotivatedbyacleardriverbeyond pricealone,includinglifestylechange,deceasedestatesand familiesupgradingwhileconditionsfavourthemove.Manyon bothsidesareexpectedtowaitforgreatercertaintyfollowingthe Novemberelectionbeforecommitting,withsentimentlikelyto respondoncetheoutcomebecomesclear.

A 4 B 3 E 200 approx.

Completedjust18monthsago,themeticulousrenovationofthis classicdouble-frontedc1900Victorianresidencebyarchitect IanLovetthascombinedtheoriginalelegancewithbespoke luxuryandsensationalwarehousestyletocreateastunning, sophisticated and spacious four-bedroom/three-ensuite Richmond HillsanctuaryliterallymetrestotheMelbourneCricketGround.

PrestigiouslypositionedbetweentheRoyalBotanicGardensand FawknerParkintheesteemedDomainPrecinct,thisluxurious contemporaryresidencerevealsasophisticatedrenovation, elevatinganalreadycompellingsettingforindoor-outdoorliving and entertaining.

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Ben Bongiorno Market Update Report by Marshall White Real Estate - Issuu