Posted by Jellis Craig on May 15, 2012
It was a big weekend for the Jellis Craig team, presenting 46 quality homes for auction, selling 2 in excess of $4 million and achieving a 56 per cent success rate. This year to date, Jellis Craig boasts a 67 per cent success rate in Boroondara and 71 per cent in Stonnington.
In what turned out to be a rather cold and wet weekend, Melbourne property buyers were not deterred from bidding at auction. The market is showing renewed signs of optimism with a 63 per cent clearance rate whilst the inner east and north reached 78 per cent.
Only moments from the beautiful Yarra River, 50 Fellows Street, Kew is considered a truly magnificent new home. Tom Aylward and Hawthorn director Richard Winneke had many prospective buyers inspecting during the campaign. On the day it came down to 2 very confident bidders who knew that the spectacular design and luxury finishes would be well worth the effort. After a competitive auction it sold under the hammer for $4.4 million.
Senior sales consultant Patrick Dennis attracted 2 strong bidders to the sweeping, broad Edwardian façade of 6-8 Fitzgerald Street, Balwyn. A very excited crowd watched consummate auctioneer and Jellis Craig director, Alastair Craig work with the 2 bidders to achieve a $4.025 million result.
The inner suburbs are returning excellent results for vendors. 1 Riverview Grove, Alphington drummed up 7 excited bidders who pushed the sale price well over the reserve, ending up at $770,000.
Having never been sold before, Nicholas Corby and Clifton Hill director Craig Shearn were ready to host a spectacular auction at 17 North Terrace, Clifton Hill. Facing Darling Gardens, this delightful Californian Bungalow attracted 3 bidders and a huge turnout. Soaring past the reserve, it became the second highest sold price ever in Clifton Hill, reaching $2.52 million.
Downsizers were out in force for 2/1 Mountain Grove, Kew. On a block of 3, this 3 bedroom single level residence was ideal for those wanting to catch the tram to nearby Camberwell shops. Greg Toogood and Hawthorn director Richard Earle secured 3 bidders on the day, with the successful buyer acquiring this inviting home for $1.23 million.
The delightful family home at 1 Carolina Street, Mount Waverley was sold on Saturday by Sophia Lazogas and Mount Waverley director Con Lazogas. Keen to own a property in the Mount Waverley Secondary College zone, 3 bidders took the property above the reserve, selling for $810,000.
The annual Run Melbourne event will take place on July 15th 2012. Jellis Craig is fielding a team of over 200 staff, suppliers and community members who will be participating in either a 5km walk/run, 10km run or half marathon. The Jellis Craig team will be raising money in support of our charity partner, Breast Cancer Network Australia (BCNA).
If you would like expert advice regarding the sale of your home, please contact one of our 9 offices today for an obligation-free appraisal.
Image courtesy of James Buyer Advocates
Posted by Jellis Craig on May 8, 2012
Image courtesy of James Buyer Advocates
The Jellis Craig network sold 22 out of 30 properties on Saturday, equating to a healthy 73 per cent success rate. In comparison, the clearance rate across Melbourne was reported at 62 per cent.
News of the Reserve Bank of Australia’s 0.5 per cent rate cut has not yet made an impact on property sales. Some mortgage customers are still waiting for an announcement from their bank regarding a rate reduction. Even so, it is anticipated that the lower end and first home buyer market will feel the benefits the most.
Property investors will be pleased with the latest figures from RP data. Capital city house rents have increased by 4.1 per cent in the 12 months to March whilst units have increased by 3.7 per cent. These gentle increases combined with decreasing mortgage costs may see investors considering a future property purchase.
Jellis Craig was delighted to sell a number of superb residences on Saturday.
After 32 wonderful years in the double-fronted Federation home at 35 Broadway, Camberwell, the vendors decided that it was time to downsize. Situated on a prized Camberwell street, Jellis Craig Hawthorn senior sales consultant Steve Burke had anticipated strong interest. A buzzing crowd watched on as bidding opened at $2.7 million, taking off when 6 bidders began fighting for this once-in-a-lifetime purchase, ultimately selling for $3.425 million.
Moments from Hays Paddock, 11 Irymple Avenue, Kew East presented as the perfect family home. Sold by Jellis Craig Hawthorn director Richard Winneke, the auction was highly competitive. 4 bidders pushed the price over the reserve of $1.15 million, with the winning bid of $1.215 million coming from a previous vendor who recently sold with Jellis Craig Clifton Hill.
80 spectators turned out early for the auction of 52 Berry Street, Clifton Hill. Senior sales consultant Nicholas Corby attracted 3 bidders to this elegant single-fronted Victorian right in the heart of Clifton Hill. Bidding had already flown past the reserve of $740,000 when auctioneer and Jellis Craig Clifton Hill director Craig Shearn announced that the home was on the market. It sold for $810,000 to a buyer who had been patiently waiting for the right property to appear.
Ideally situated in the Mount Waverley Secondary College zone, the beautifully renovated family residence at 13 Nethercote Drive, Mount Waverley drew strong bidding at auction. Selling for $770,000 it once again demonstrated the huge demand for superior homes in Glen Waverley and Mount Waverley, both enjoying 80 per cent plus clearance rates.
Jellis Craig boasts an extensive network of offices, each actively involved in marketing every Jellis Craig property. Meet with one of our experienced sales consultants today to discuss how our market reach can directly benefit the sale of your home.
Posted by Jellis Craig on May 3, 2012
The Reserve Bank of Australia cut interest rates by 0.5 per cent, reducing the cash rate down to 3.75 per cent. It is expected that this move will stimulate the economy, increasing consumer confidence in sectors such as residential property and retail.
Widely anticipated, this decision was primarily based on inflation figures, explains Jellis Craig CEO Nick Dowling.
“Inflation only rose 1.6 per cent in the year to March. It is now at the lowest level since late 2009 and more importantly, below the target band set by the RBA of 2 – 3 per cent,” he says. “This key indicator plus ongoing European financial concerns would be playing heavily on the RBA’s mind.”
The banks are expected to retain a portion of this interest rate cut before passing the balance on to customers. Even if so, property investors may begin to see an opportunity for increased returns on their investments with reduced mortgage costs.
“I anticipate that this rate cut will be a big positive for first home owners and the lower end of the property market who are far more sensitive to any rate movement,” Mr Dowling says. “Rate cuts are less influential at the middle and top end where buyers tend to make decisions based on other lifestyle factors as well as affordability.”
Some economists are already predicting another rate cut before the end of the year. Mr Dowling points out: “The RBA in more recent times has demonstrated that they make decisions based on current information rather than longer range forecasts. I believe that they will be keeping a close eye on inflation and Europe’s economy over the coming months and will adjust rates accordingly if appropriate.”
Posted by Jellis Craig on May 1, 2012
Lower inflation plus reports of a weak retail sector were the main reasons why the Reserve Bank of Australia cut interest rates today by 0.5 per cent.
These economic signals are in contrast with the stability of established property. The Melbourne property market posted a 60 per cent clearance rate over the weekend.
Many vendors were pleased with their results on Saturday when Jellis Craig sold 24 from 34 properties (70 per cent).
Across the Jellis Craig network, quality properties are delivering excellent outcomes for sellers and buyers alike.
The attractive Californian Bungalow at 18 Mills Street, Glen Iris was enough to tempt 125 groups to inspect during the auction campaign. In what was a hotly contested auction, 4 bidders tried to outdo each other. The property was placed on the market for $1.18 million and sold for $1.25 million.
Jellis Craig Clifton Hill once again had a brilliant weekend, selling 5 out of 5 properties and achieving a success rate of 88 per cent through April.
Contemporary and eclectic, 78 Keele Street, Collingwood appealed to many inner-city buyers. Auctioneer Simon Shrimpton and Jellis Craig Clifton Hill Director Craig Shearn, quoting $950,000 to $1.05 million during the campaign, were pleasantly surprised when 2 bidders took the sale price up to $1.11 million.
First home buyers are showing signs of confidence by returning to the inner-city market. In one instance a renovated Victorian at 38 Henry Street, Abbotsford was sold by Bev Adam and Lee Muddle. Declared on the market at $610,000 after 4 bidders displayed interest, it finally sold for $636,000 to a very excited first-home buyer.
A crowd of over 60 gathered on a grassy median strip to watch the auction of 6/62 Simpson Street, East Melbourne. This gorgeous Art Deco apartment attracted a whopping 6 bidders, all desperate to secure the superb city views. With the reserve set at $570,000, Jellis Craig Richmond Director Clayton Smith entertained the crowd, taking over 50 fast bids to reach the final price of $628,000.
This year Jellis Craig has achieved a 78 per cent success rate in Hawthorn East. On Saturday, more than 60 people witnessed the sale of 29 Mayston Street, Hawthorn East. Instantly appealing, this Edwardian family home had 3 bidders vying for a piece of this private school locale.
Jellis Craig Mount Waverley is busily receiving offers on properties listed for private sale. There is substantial interest from overseas buyers keen to purchase quality homes in the vicinity of $750,000 to $1.2 million.
As a charity partner of Breast Cancer Network Australia (BCNA), Jellis Craig is pleased to promote the Melbourne Piano Trio’s Pink Lady Concert on Sunday 13th May at 4pm.
Why not celebrate Mother’s Day in a unique way, with superb music and a glass of wine, while also raising much-needed funds for BCNA. Tickets are $50 with $44.80 going straight to BCNA. These can be purchased from www.melbournerecital.com.au or by calling 9699 3333.
Providing the very best real estate advice and service throughout the inner and eastern suburbs, Jellis Craig is always ready to assist with your property needs. Please call one of our 9 offices today and talk with our helpful sales consultants.
Posted by Jellis Craig on April 24, 2012
Even with talk of a potential interest rate cut in May plus a spectacularly sunny Saturday, auctions across Melbourne were subdued. 532 auctions resulted in 61 per cent of homes selling.
The Easter break and school holidays, followed closely by Anzac day has seen many vendors deciding to delay their sales campaigns. Over the weekend, Jellis Craig auctioned 13 properties and 8 of those (or 62 per cent) successfully sold.
Compelling clearance rates of 79 per cent in Clifton Hill and 78 per cent in Fitzroy North, plus high demand for homes in Mount Waverley in the $750,000 – $1.2 million bracket highlight certain strengths in the Melbourne property market.
News of superb results across the Jellis Craig Network included the following:
More than 120 excited spectators watched the fast-paced action as auctioneer and Mount Waverley Director Con Lazogas opened the bidding for 19 Avondale Grove, Mount Waverley. This contemporary family home attracted a massive 76 bids, ultimately selling for $1.668 million, which was $168,000 over the vendor’s reserve price.
When combining the gorgeous charm of a Californian Bungalow with a premium Preston position, many buyers repeatedly inspected 21 Erin Street, Preston. A delighted crowd of over 100 people got into the spirit as renowned auctioneer Simon Shrimpton took an opening bid of $710,000. In spectacular style, 27 bids lifted the sale price to $802,000, $52,000 above the reserve price.
Prahran is showing signs of a solid recovery with the sale of the light and airy apartment at 10/42 Grandview Grove, Prahran. Jellis Craig Armadale’s Sasha Romensky and Lisa Holbourn generated huge interest in this property, ensuring a massive buyer turnout on auction day. Hotly contested, a rapid succession of bids lifted the price to $27,000 over the reserve and $10,000 over the last recorded sale price in the block. A final price of $427,000 saw a highly-motivated first home buyer win out over an investor.
Jellis Craig is dedicated to be consistently involved with community and charity events.
Supported by Jellis Craig, the colourful Glenferrie Road Festival was held on the weekend. Families from near and far enjoyed the entertainment, rides and international cuisine that filled Glenferrie Road.
Jellis Craig Clifton Hill is now a proud sponsor of the Yarra Jets Soccer Club. Passionate about the importance of local sport they have provided 70 children with team apparel.
Posted by Jellis Craig on April 17, 2012
At the completion of the first quarter of 2012, the Melbourne property market has demonstrated clear signs of stability and recovery. According to the REIV March quarter median prices, suburbs that performed well include Blackburn, Camberwell, Glen Iris, Northcote and Armadale.
Throughout the inner and leafy eastern suburbs, Jellis Craig regularly delivered strong results for vendors. In the municipality of Boroondara, Jellis Craig currently boasts a 69 per cent auction success rate with Surrey Hills coming out the winner with 85 per cent of listed homes selling.
In the city of Manningham, Jellis Craig Doncaster is setting a cracking pace and is delighted with their superb 82 per cent success rate.
Jellis Craig will soon be advertising the imminent sale of a number of prestigious residences in Boroondara in excess of $2 million.
To date, the Jellis Craig network has 133 auctions booked for May. Many vendors have chosen May 19 or June 2 to hold auctions in anticipation of the Queen’s Birthday long weekend in June.
Private sales have dominated the last couple of weeks, reflecting the quiet auction market over the Easter school holidays.
During this time Jellis Craig Mount Waverley sold 44B Grenfell Road, Mount Waverley for $790,000. Three competing agents had previously attempted to sell this property unsuccessfully over the last 12 months, yet sales consultant Nonda Mastoris was able to secure a buyer for this home within 4 weeks.
Featuring city views, 6 Farquarson Street, Mount Waverley was auctioned on Saturday in front of a fabulous crowd. Generating great excitement, auctioneer Con Lazogas encouraged 4 bidders to weigh in, lifting the sale price to $100,000 above reserve with it ultimately selling for $1 million.
Tickets are now on sale for the Melbourne Piano Trio’s Pink Lady Concert on Sunday 13th May at 4pm. On behalf of our charity partner, Breast Cancer Network Australia, we look forward to seeing you there to celebrate Mother’s Day. Tickets are $50 and can be purchased from www.melbournerecital.com.au or by calling 9699 3333.
We are delighted once again to support the fabulous Glenferrie Road Festival. Join in the family fun on Sunday 22nd April between 11am and 4pm with entertainment, rides, international cuisine, face painting and many more activities filling Glenferrie Road between Burwood Road and Barkers Road Hawthorn.
The Jellis Craig network prides itself on employing only the best local area specialists. Call one of our offices today and let our experienced sales consultants provide you with ervice and advice regarding the sale of your home.
Posted by Jellis Craig on April 11, 2012
From all of us at Jellis Craig we hope you, your family and friends enjoyed a very happy Easter. We look forward to seeing you participate in what we believe will be a busy Autumn selling season.
There were no Jellis Craig auctions scheduled over the Easter weekend, with many buyers and sellers enjoying time away and the school holidays.
Despite this, our team experienced good levels of attendance at open for inspections, with our Mount Waverley office reporting 2 sales achieved and offers placed on several other properties.
May is fast becoming a bumper auction month. Across the 9 Jellis Craig offices more than 100 auctions have already been booked, with a number of high quality and prestige homes soon to hit the market.
As a charity partner of Breast Cancer Network Australia (BCNA), Jellis Craig is pleased to promote the Melbourne Piano Trio’s Pink Lady Concert on Sunday 13th May at 4pm.
Why not celebrate Mother’s Day in a unique way, with superb music and a glass of wine, while also raising much-needed funds for BCNA. Tickets are $50 with $44.80 going straight to BCNA. These can be purchased from www.melbournerecital.com.au or by calling 9699 3333. Remember to wear a touch of pink!
If you are considering selling this May, please contact Jellis Craig today for a no-obligation home appraisal.
Posted by Jellis Craig on April 3, 2012
Billed as Super Saturday, the weekend before Easter holidays certainly didn’t disappoint with 929 auctions energising Melbourne’s auction loving crowds. The Reserve Bank of Australia has kept interest rates on hold today with the possibility of rate cuts in the near future. Predictions of this decision kept Melbourne’s auction clearance rate stable at 61 per cent over the weekend.
In Boroondara, Jellis Craig is continuing to shine in the $1 to $2 million dollar bracket. Selling 62.5 per cent (15 from 24) million dollar plus homes over the weekend, this segment of the market is showing increasing signs of strength.
Competitive bidding came to the fore at a number of Jellis Craig auctions over the weekend, delivering fantastic results for our vendors.
An idyllic street setting near Hays Paddock ensured that the immaculate residence at 45 Oswin Street, Kew East would be popular with many buyers. Hawthorn Director Richard Winneke and his team, saw this property sell for $1.3675 million when 3 bidders pushed the price $120,000 over the reserve. A motivated under-bidder who had sold her home earlier in the day was very keen to purchase this home, adding to the underlying excitement.
Surrounded by luxury, live music and city views, the sleek 3 level warehouse at 7A Wiltshire Street, Richmond attracted massive interest during its campaign. Auctioneer and Richmond Director Clayton Smith accepted an opening bid of $800,000, it was then hotly contested by 3 bidders, pushing the price over the reserve of $930,000, selling for $945,000.
Always entertaining, auctioneer and Hawthorn Director Richard Earle delivered an outstanding performance for the crowds at 33 Sycamore Street, Camberwell. This charming Californian in a fantastic location was on the market at $1.15 million, and as the 2 bidders tried knock-out bids to secure the property, it ultimately sold well above the reserve.
27 Kent Road, Surrey Hills is a fine example of this strength, attracting 2 bidders to this pretty Edwardian home. A good crowd saw auctioneer Steve Abbott boost the bidding to $90,000 over the reserve price, selling for $1.59 million.
‘Morven’ at 6 Macdonald Street, Glen Iris offered a unique opportunity to renovate this inviting home. In front of an animated crowd of 87, 5 bidders made a grand total of 35 separate bids with the home being declared on the market at $990,000. It sold in excess of $1 million, headed by the successful team of Mark Lawson and Glen Iris Director Paul Williamson.
As we take time over Easter to be with our family and friends, each of us at Jellis Craig wishes you and your family a safe, happy and fulfilling Easter.
If you are seeking expert advice regarding real estate, please contact our pleasant and professional sales consultants in Hawthorn, Balwyn, Armadale, Glen Iris, Richmond, Ivanhoe, Clifton Hill, Mount Waverley and Doncaster.
Posted by Jellis Craig on March 27, 2012
Increasingly positive reports of autumn sales were reinforced after Saturday’s auctions resulted in 39 out of 53 properties being sold by Jellis Craig (74 per cent).
With one more auction weekend before the Easter break, Melbourne’s clearance rate sits at 61 per cent, compared with 59 per cent last weekend and 59 per cent this time last year.
Auctions over the weekend attracted many spectators and bidders achieving successful outcomes across the network.
Overlooking Heidelberg Park, 150 parties inspected 5 Hodgson Street, Heidelberg. Its views guaranteed that a battle would ensue between the 5 bidders. In the end, this property was won by a confident bidder in front of 100 people, buying it for $831,000, $61,000 over the reserve price.
In a prized location, 11 Britten Street, Glen Iris was ideal for downsizers looking for single-level sophistication. Auctioneer Damien Davis set a competitive tone from the start, taking fast bids from 4 keen bidders. Flying past the reserve of $1.2 million, it ultimately sold for $1.424 million.
In the heart of the private school belt, Hawthorn director Richard Winneke and his team were thrilled to offer 33 Ryeburne Aveune, Hawthorn East. Watched by 100 spectators bidding opened at $1.8 million with 4 bidders raising the price to $2.12 million. This year, Hawthorn East has become a highly competitive market. Jellis Craig currently boasts an 85 per cent success rate in this suburb.
This week, Jellis Craig in Boroondara sold 12 out of 15 $1 million dollar plus homes (80 per cent). Auctioneer and Balwyn director Richard James sold one of these; a splendid example of Spanish Mission architecture at 14 Knutsford Street, Balwyn. 2 interested parties took the bidding from $1.925 million to $2.165 million where it sold.
A comfortable Californian at 2 Vears Rd, Ashburton drew a remarkable crowd of 130 to the auction. 6 bidders raised their hands more than 40 times, keeping Jellis Craig Glen Iris agents Mark Lawson and Paul Williamson on their toes. This home sold for $1.031 million, well over the reserve of $940,000
Jellis Craig has a number of elite and impressive projects ready to go, or nearing completion.
Elysium Noosa is filled with life’s little luxuries in sun-drenched Noosa Heads. Backed by AVJennings, some of Australia’s foremost architects have designed remarkable homes just moments from Hastings Street and idyllic beaches. Completed homes, land, and house and land packages are available today. To find out more, click http://www.jelliscraig.com.au/property/NOOSA-HEADS/3791600/.
Now complete, six exclusive designer residences at 1 Marshall Avenue, Kew are ready for your inspection. Bold and stunning, Steve Domoney has created contemporary, low-maintenance spaces often sought by discerning downsizers.
For further information, click http://www.jelliscraig.com.au/property/KEW-1-Marshall-Avenue/3754121/.
Off the plan sales starting from $369,000, RotheLoweman have designed boutique apartments at 121 Barkers Road, Kew. Comprising of 1 and 2 bedroom homes with car spaces, enjoy a brilliant lifestyle between Glenferrie Road and Kew Junction.
Contact Tom Aylward on 0408 548 551 or tomaylward@jelliscraig.com.au to organise an inspection.
Wanting to sell your home? Please call any Jellis Craig office today and experience our well-known, esteemed and ethical services.
Posted by Jellis Craig on March 21, 2012
Jellis Craig CEO Nick Dowling has announced that John Morrisby has been appointed as Director of Jellis Craig Armadale.
“John has a long and enviable track record in the real estate industry,” said CEO Nick Dowling. “He brings with him vast expertise as an exceptional auctioneer, dedicated sales professional and marketing specialist.”
With a real estate career spanning back to 1989 after following in his father’s footsteps, John has carved out an outstanding reputation built on a firm resolve to deliver successful outcomes for each of his clients.
Certified as an Associate of the Real Estate Institute of Australia (AREI), John actively pursued his specialty as an auctioneer, achieving certification whilst perfecting his craft every weekend. This drive to achieve great auction results ensures that he is currrently one of the strongest auctioneers in Melbourne.
Leading a team of highly committed sales consultants at Jellis Craig Armadale, John is enthusiastic about developing and growing the business.
“Our staff are well-chosen and ideally suited to delivering a personalised and highly ethical service to our many clients,” he said. “I am determined to raise the bar even higher at Jellis Craig Armadale to ensure that our seamless and professional services are known as the best in Melbourne.”
As a Stonnington local with a long history and broad knowledge of the municipality, John will continue to forge long-lasting relationships through his community involvement, real estate best practice and his guarantee of results.
