FEATURE PROP ERTY
STONNINGTON MARKET REVIEW WITH RICHARD MACKINNON
RICHARD MACKINNON 0414 822 579
Stonnington continues to favour well-executed on-market campaigns, whether by auction or expressions of interest, as buyers respond strongly to transparency, competitive tension and clear timelines.
Period homes in good condition remain highly sought-after, as do turnkey properties that allow buyers to move straight in without the cost, time and uncertainty associated with major renovations. We are seeing increased negotiation around price guidance, with some vendors relying on broader or selfresearched data rather than current, localised market evidence when setting pricing and campaign strategy.
Buyer priorities remain consistent: a premium location close to leading schools, village amenities, parkland and transport, combined with a functional layout that supports modern living. A growing preference for homes that do not require renovation reflects ongoing sensitivity to construction costs and timelines.
Looking ahead, we anticipate steady market conditions. The most successful outcomes will continue to favour vendors who meet the market on price and pair this with strong presentation and a clearly defined campaign strategy, ultimately converting enquiry into genuine competition.
richard.mackinnon@marshallwhite.com.au
JANUARY - APRIL 2026 224 82
$2,538,999 $2,694,130 In excess of $10M $217,994,388
38 ROCKLEY ROAD
SOUTH YARRA
A 5 B 4 C 2 E 984 approx.
Exclusively situated at the tightly held “Paris end” of the cul de sac, this magnificent c1911 Federation residence’s exquisite original dimensions have been completely transformed by architect Dale Fisher. Defined by a breathtaking fusion of heritage elegance and state of the art design, the spectacular domain delivers absolute luxury alongside effortless family functionality.
Beautifully set within a glorious, landscaped garden and pool sanctuary, this utterly captivating double fronted c1893 Victorian residence showcases an unforgettable blend of evocative period elegance and contemporary designer style.
A 5 B 2 C 2 E 660 approx.
12 MT PLEASANT GROVE
