Posted by Jellis Craig on February 21, 2012
With exceptional properties being listed in the marketplace, increasing numbers of buyers are seizing this opportunity to upscale or downsize from their current homes. Selling 29 out of 39 properties (74%) at auction this week, the Jellis Craig network outperformed Melbourne’s clearance rate of 59% and looks forward to superior results next week with 53 scheduled auctions.
Alphington, Clifton Hill, Fairfield and Northcote are now considered family home hotspots. Demand for quality properties is extremely high, as demonstrated at the auction of 26 Mercil Road, Alphington. Fast moving bids from local and interstate buyers soared past the quoted range of $1.1 – $1.2 million, and once declared on the market by Craig Shearn at $1.3 million it ultimately sold in excess of $1.36 million.
The downsizing trend came to the fore over the weekend with savvy buyers snapping up 2 superb homes. Moments from Maling Road and Surrey Hills villages, the garden villa at 1/44-46 Kingston Road, Surrey Hills saw 3 competing bidders reach a selling price of $482,000.
A lovingly renovated Victorian, a leafy boulevard, Maling Road and Balwyn Village drew 5 bidders and a 150-strong crowd to 80 Rochester Road, Balwyn. With the reserve set at $1.05 million, a brilliant outcome was achieved when this home sold for $1.27 million.
Rarely found, an original Californian Bungalow at 16 Bringa Avenue, Camberwell encouraged spirited bidding as 2 prospective buyers exceeded the reserve price, eventually going under the hammer for $1.34 million.
The summer atmosphere and lively crowd on the lush lawn of the expansive federation home at 83 Locksley Road, Ivanhoe saw the property pass in to one bidder at $1.9 million. After a deftly executed negotiation by Ivanhoe Director David Oster, it sold for $2.025 million.
Tucked away in a sought after street, the 1950s home at 35 Charteris Drive, Ivanhoe East was passed in at $1.09 million. Successful negotiation with the sole bidder saw it sell for the reserve price of $1.18 million.
In other news this week, Jellis Craig has just launched the Annual Property Review series. Be kept up-to-date with the latest comprehensive research and analysis of residential property in your area. Head to jelliscraig.com.au where you can download your copy of this informative and analytical commentary, delivering accurate figures, trends and a sales and rental outlook for 2012. Please don’t hesitate to contact one of our offices if you wish to receive a printed copy.
If you are considering buying or selling, our award-winning sales consultants can assist you each step of the way. Call any one of our 9 Jellis Craig offices today for prompt and courteous service.
Posted by Jellis Craig on February 14, 2012
Excellent Open for Inspection attendance figures and a number of very exciting sales results set an inspiring mood for the first auction Saturday of 2012 in which Jellis Craig sold 17 out of 18 properties (94%).
Across Melbourne, the news was also positive with 67% of homes selling compared to 63% this time last year.
Delivering superb outcomes for their vendors, Jellis Craig Clifton Hill achieved a 100% success rate, selling 1 home prior to auction with a further 3 in Alphington all selling well in excess of $1 million.
In one of Alphington’s most sought-after and admired streets, 20 Broomfield Avenue has been owned by one happy family for 18 years. A classic 1920s home, it had been quoted in the range of $1.05 – $1.15 million but with 4 competitive bidders, it was ultimately secured for $1.262 million by a young family from Kew.
If you were seeking a hot auction over the weekend then you couldn’t have gone past the home sold by Mark Lawson from Jellis Craig Glen Iris. Watched by an enthusiastic crowd of 112, the architect designed family home at 46 Wallace Avenue, Murrumbeena was contested by 4 keen bidders, selling well in excess of the $1 million reserve price.
Appealing to young professional couples, the Victorian townhouse at 7/633 Malvern Road, Toorak was viewed by over 150 parties throughout the campaign. Offering period appeal with a contemporary edge, this home pushed past the $850,000 reserve price and was sold by Michael Hingston from Jellis Craig Hawthorn for $883,000.
In further news, the Reserve Bank of Australia surprised many leading economists last week by keeping interest rates steady at 4.25%. The major banks had planned to pass on only a portion of the anticipated rate cut in order to meet their funding obligations. Without the February rate cut, some banks have decided to raise their lending rates. This action may encourage the RBA to re-consider reducing interest rates when they next meet in early March.
Continuing Jellis Craig’s tradition of community involvement, Jellis Craig Clifton Hill is proudly sponsoring the 2012 Darebin Community and Kite Festival. Enjoy the fabulous international cuisine, free activities, music and kite flying at All Nations Park, Northcote on Sunday 19th February. For further information, go to Darebin Kite Festival
Are you considering buying, selling or leasing your home? Please contact Jellis Craig today and our team of experienced consultants will be happy to assist you with any real estate matters.
Posted by Jellis Craig on February 7, 2012
The superb summer weather and an influx of newly listed properties had buyers out in force over the weekend. All 9 Jellis Craig offices reported a substantial increase in Open for Inspection attendance numbers.
This positive market sentiment was seen at 31 Bunting Street, Richmond where 64 groups inspected this newly built 2 bedroom cottage with chic roof-top terrace in the heart of Richmond.
Our Doncaster office has reported that homes in the $650,000 – $800,000 price bracket drew extremely strong interest at last weekend’s Open for Inspections. 93 prospective buyers attended one home, a second property had more than 50 groups through and there were over 50 viewings at a third home in this price range.
With 2 recent interest rate cuts in hand, buyers are now talking more decisively about purchasing in 2012. Some have already taken action with a number of excellent properties selling this week.
The luxurious residence at 23 Amersham Drive, Warrandyte was sold through an Expressions of Interest campaign with the winning offer in excess of $1.6 million coming from a delighted buyer from Glen Iris.
Selling for the full asking price of $989,000 to a young couple from Clifton Hill, 2A Geneva Road, Alphington was shown great interest by many buyers who have discovered this tranquil suburb tucked between Ivanhoe, Fairfield and the Yarra.
477 Rae Street, Fitzroy North was snapped up by a buyer’s advocate who saw the immense value in this renovated single fronted home in a fantastic location.
The Jellis Craig network also sold some wonderful homes in Surrey Hills, Balwyn and Glen Iris.
This Saturday is the first auction day for 2012 and our dedicated staff are poised to deliver superb results for our clients.
Do you have any questions about the state of your local property market? Jellis Craig has offices at Balwyn, Hawthorn, Glen Iris, Clifton Hill, Richmond, Mount Waverley, Armadale, Ivanhoe and Doncaster. Each filled with local area experts, contact one of our offices today and let us help you with your property enquiries.
Posted by Jellis Craig on January 31, 2012
Having listed 29 properties over the last week and with 203 auctions scheduled for 2012 so far the Jellis Craig team are anticipating superb outcomes for our clients when auctions commence in less than a fortnight.
Recent Jellis Craig sales are setting a quiet and confident tone in what suggests a return to stable and even rising prices, including:
A Hawthorn brick residence sold by Tom Ryan and Geordie Dixon at 23 Royal Crescent, Camberwell featured period grandeur in a prime Camberwell position only moments from prestigious schools and transport.
Situated in a low-traffic pocket, 1/60 Chippewa Avenue, Donvale featured delightful gardens and a deck for entertaining. Sold by Greg Bowring and Daniel Broadbent, this 2 bedroom home was a perfect proposition for first home owners or downsizers.
Sold by Michael Hingston, the 1970s family home at 38 Spencer Road, Camberwell comprised 3 bedrooms in an excellent locale, boasting direct access to leafy parks and bike trails.
The coveted avenues off Cotham Road are filled with prestige homes and stunning streetscapes. A brand new development at 1-6/1 Marshall Avenue presents an exceptional opportunity to appreciate the finer aspects of life.
Designed by renowned Steve Domoney, these 6 striking town residences are equipped with every conceivable feature. Private internal access to secure garages, lifts, balconies and lush courtyards deliver the best in low-maintenance living from each of the 3 bedroom residences, conveniently close to trams, elite schools and divine Kew and Glenferrie shopping.
If you would like to learn more about this sensational development, contact Tom Aylward on 0408 548 551 or tomaylward@jelliscraig.com.au
This week Jellis Craig launched its mobile website. Smart phone compatible, purchasers can now easily search and navigate vital property information whilst on the move. To access our mobile website, simply visit jelliscraig.com.au from your mobile phone.
Considering selling your home? Please contact us at any time and one of our courteous and professional sales consultants will help you with your enquiries.
Posted by Jellis Craig on January 24, 2012
Early positive indicators suggest the welcome return of a stable and resilient local real estate market.
The REIV released its quarterly snapshot of Melbourne’s property market and the figures are promising. Gentle growth in suburbs such as Mount Waverley, Balwyn North, Blackburn and Kew suggest that the market may have started its recovery.
The Jellis Craig Property Management Division is reporting an increase in rental market activity. A 4 bedroom family home at 5 Spruzen Avenue, Kew East was advertised last week and received 3 applications within 48 hours.
Additionally, the Jellis Craig sales network is also seeing greater movement with 114 auctions scheduled for February, 24 more than this time last year. With 185 auctions already scheduled for 2012, we are looking forward to many great results. Already this year some highlights include the sale of 22 Narrak Road, Balwyn; a pretty bungalow ripe for renovation, the perfectly placed apartment at 10/14 Liddiard Street, Hawthorn and a secluded English-inspired residence featuring a tennis court at 5 Dunure Court, Balwyn.
With the Reserve Bank of Australia set to announce their next interest rate move on February 7th. Analysts suggest that rising unemployment figures and economic uncertainties in Europe may sway the argument for a further rate cut.
In further news, “The Maling” a superb development in Canterbury is now available for onsite inspections Wednesday and Saturday 11am – 12noon, enjoy the seclusion of a unique 1 or 2 bedroom apartment (within a group of only 15) featuring lift access and basement parking. For further information regarding this architect designed development, please contact Tom Aylward 0408 548 551 for assistance or go to www.themaling.com.au.www.themaling.com.au.
Our professional staff in Hawthorn, Balwyn, Armadale, Glen Iris, Richmond, Ivanhoe, Clifton Hill, Mount Waverley and Doncaster are ready to help you at any time with your buying, selling and leasing needs.
Posted by Jellis Craig on January 17, 2012
Happy New Year and welcome to the first 2012 edition of the Jellis Craig Market View. With the summer holidays rounding to a close, we trust that you enjoyed wonderful times with friends and family. The Jellis Craig team is completely re-energised and ready to once again deliver superb service and results to our valued clients.
Whilst the auction market took a break over Christmas our private sales are pointing to encouraging signs of a healthier property market in 2012. We have been privileged to sell a number of exceptional properties of late, such as the light-filled ‘Somerset Manor’ at 36 Carbine Street, Donvale and the contemporary Yarra edge apartment at 10 Wiltshire Drive, Kew. Other highlights include 7 Graham Street, Surrey Hills with its lovely city views, the delightful renovator at 5 Kingsley Street, Ivanhoe and the sumptuous architect-designed residence at 46a Durham Street, Richmond, right in the heart of café culture.
In further news, “The Canterbury” is an impressive new development situated in Gascoyne Street, Canterbury. Construction has commenced with completion anticipated for later in the year. Comprising of 32 apartments, 22 luxury townhouses and 6 spectacular, whole floor maisonettes, the development has been thoughtfully conceived and designed by architects Rothe Lowman and interior designers MBA Design. Interest has been particularly high for this exceptional project which features landscaped gardens, city view terraces and a highly sought-after location. If you would like to learn more about “The Canterbury”, click on www.thecanterbury.com.au.
We anticipate that 2012 will be a sensational year for vendors and buyers alike as a number of unique and premium properties are soon to go under the hammer. The Jellis Craig network has so far booked 125 auctions with the first auction weekend scheduled for Saturday 11th February.
Posted by Jellis Craig on December 20, 2011
Results from the last auction weekend of 2011 were consistent with previous weeks, as Melbourne achieved a 53% clearance rate. Across our network of offices, Jellis Craig realised a 73% success rate.
Highlighting the energising ambiance of twilight auctions, the majestic brick Edwardian residence at 85 Broadway Camberwell generated great excitement throughout the auction campaign. This culminated in a brilliant dusk turnout last Thursday with 50 onlookers and 4 bidders. Situated on the iconic, tree-lined Broadway this opulent home was hotly contested and sold well in excess of $3 million, well over our Vendor’s reserve price.
Looking ahead, the mid-year federal budget update, released on November 29th, suggested that Australia’s economy is set to experience lower growth over the next 12 months. This negative sentiment led the Reserve Bank to cut interest rates again in December by 0.25%, down to 4.25%. It was the first back-to-back cut since April 2009, creating a real incentive for property buyers to re-enter the market in 2012.
The longer term growth outlook is increasingly optimistic, with limited new housing supply, above average population growth, low unemployment and wages growing faster than inflation.
Jellis Craig has had a wonderful year of growth and success, with already over 100 auctions scheduled for 2012. We opened a new office in Doncaster and the team at our Ivanhoe office raised the bar by winning the REIV Medium Residential Agency of the Year award.
Our team wishes you, your family and your friends a very special Christmas and a joyful holiday season. Stay safe and well over the summer, and we look forward to providing you with the finest property service and advice in 2012.
Posted by Jellis Craig on December 13, 2011
It was welcome news to many as the 4 major banks passed on the Reserve Bank’s 0.25% interest rate cut. This seemed to produce an immediate and positive effect on auctions in Melbourne’s inner and eastern suburbs. Jellis Craig recorded a superb 71% auction clearance rate with 29 out of 41 properties selling last weekend. In comparison, Melbourne’s auction clearance rate was stable at 55%.
Our Doncaster office is currently delivering terrific results for our clients, with 100% of November’s auctions successfully selling and 88% of Saturday’s auctions selling; 3 of those prior to auction. In 2011, Doncaster Jellis Craig has outperformed the competition by exceeding a 62% clearance rate set by all agents in Doncaster East and Templestowe Lower to achieve a 75% and 86% clearance rate respectively.
Saturday provided many energetic and highly competitive auctions.
The buyers were out in force, ready to grab the brilliant opportunity at 1/19 Albion Street Surrey Hills. A single level unrenovated 1980s unit, the bidding was fierce with 75 bids from 6 bidders, finally selling over the reserve for $744,000.
Jellis Craig is renowned for selling historical and prestige properties. We were thrilled to sell one of Kew’s earliest residences, “Swinton” at 23 Swinton Avenue Kew on Saturday. Built in 1859, the auction for this home was watched by over 100 people as 2 bidders battled each other, pushing the selling price over the reserve to $3.592 million.
The pretty Californian Bungalow at 12 Tennyson Street Kew enchanted many prospective buyers during the auction campaign. With the vendors currently in the USA, Michael Hingston and Jellis Craig director, Richard Earle ensured that the sale of this home went off without a hitch. Purchased by a young family for $1.18 million, this surpassed the vendor’s reserve by $130,000.
Abutting parkland at 6 Parkville Street Richmond, this brick Edwardian terrace produced 3 bidders and 70 onlookers as the house sold in excess of the $720,000 reserve for $810,000.
An excited crowd of 60 people and 4 keen bidders turned up to participate in the auction of 12 Bryson Street Canterbury. Director Alastair Craig performed at his absolute finest in front of the elegantly renovated Victorian home, driving the competitive bidders well over the reserve to finish with a winning knockout bid at $1.6 million.
Selling under the hammer for a spectacular $114,000 above the vendor’s reserve, Mount Waverley director Con Lazogas and Sophia Lazogas were able to generate significant buyer interest for the stunning family residence at 15 Annesley Court Mount Waverley. Strongly contested by 3 bidders, this home in the prized Marriot Estate sold for $1.114 million.
As 2011 comes to an end, you may be seeking knowledgeable, local advice on the state of the property market as we head into 2012. Jellis Craig can help you with any real estate information you require to make a clear and considered choice for the new year. Contact any of our 9 offices and our consultants will be more than happy to assist you.
Posted by Jellis Craig on December 6, 2011
The first weekend of summer offered a slight increase to Melbourne’s auction clearance rate, now at 55%. This year has demonstrated that demand for quality homes in premium suburbs is still present. Jellis Craig sales remain strong in Armadale with 76% of our listed properties selling.
Today’s 0.25% interest rate cut could see some holiday cheer injected into the property market, encouraging buyers to purchase their next home, benefiting from the subdued real estate sentiment.
Jellis Craig facilitated some great sales including these highlights:
A crowd of 68 people who watched as a young couple and investors from Hawthorn battled it out over 142 Buckingham Street Richmond. This superbly renovated Victorian at Richmond’s northern end was so appealing that 51 bids charged past the $1.085 million reserve to sell for $1.128 million.
Demand for superior inner city homes is always strong and the desire to own 97 Rowe Street Fitzroy North was no exception. Sold by Nicholas Corby, this Hawthorn Brick Victorian commanded 4 bidders with many potential buyers showing a keen interest during the campaign. It sold for $1.016 million – $136,000 over the reserve.
52 Bellevue Avenue Rosanna sold under the hammer for $650,000. Jellis Craig Ivanhoe Partner, Liz Walker reports her clients were over the moon as only 2 weeks earlier a comparable property on the same size land had sold with another agent for $30,000 less.
A private 1930s deco brick home, 678 Riversdale Road Camberwell was hotly contested by 5 bidders. With the reserve set at $950,000, Richard Winneke was able to secure a brilliant $1.135 million for his clients.
Moments from the boutique Ivanhoe East shopping village, the auction at 73 McArthur Road Ivanhoe East drew an excited crowd of 60. Strong bidding from 2 parties meant that no vendor bids were required, resulting in a $1.308 million sale.
Celebrating 20 years of consummate real estate service, our team has grown from the original Hawthorn office to 9 offices across the inner east and eastern suburbs, whilst becoming an integral part of Melbourne’s real estate landscape. From our first sale – the iconic ‘Freisia’ at 21 Isabella Grove Hawthorn, our mission has always been to maintain the highest ethical standards through our knowledgeable local market professionals. You can read more about Jellis Craig’s past, present and future at http://jelliscraigblog.com.au/?p=394.
Looking for help with your property needs? Please contact us at one of our 9 offices where we look forward to assisting you with your enquiries.
Posted by Jellis Craig on November 30, 2011
20 years ago, Melbourne real estate welcomed a new Estate Agency that has played a key role in changing the shape and dynamic of the inner east and eastern suburban property market – established by Richard Jellis and Alastair Craig in December 1991, Jellis Craig has become an integral part of Melbourne’s property Agency landscape.
Jellis Craig’s mission was to provide consummate and personalised real estate services, with the highest ethical standards. Director Alastair Craig comments, “We felt that it was the ideal time to launch an Agency with a boutique focus on client and customer needs.” Co Director Richard Jellis elaborates, “There have been dramatic changes to the real estate market since we established Jellis Craig. Driven by fantastic economic times and strong population growth, the leafy eastern and inner suburbs have seen a significant, fivefold shift in values.”
As Jellis Craig’s reputation for being one of Melbourne’s leading Estate Agents grew, so too did their network, establishing the first office in Hawthorn, expansion then continued to Balwyn in 2000 and Glen Iris in 2002. Office’s opened in Richmond and Clifton Hill in 2004, Armadale in 2006 and more recently Ivanhoe, Mount Waverley and Doncaster. In preparation for the next 10 years, Jellis Craig recently appointed CEO Nick Dowling, former head of Macquarie Relationship Banking’s national residential Real Estate division. With his strategic guidance, the company is looking to expand and innovate, raising the bar with regard to best practice, professionalism and service excellence. To coincide with this new era, Jellis Craig has just commissioned contemporary branding to capture this energy and enthusiasm, whilst retaining the core elements of prestige, strength and ethics.
