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Day: <span>July 18, 2020</span>
Sydney buyers shelled out big cash and smashed reserves at several auctions today, including a $1.93 million ‘impulse buy’ – while in Melbourne, competitive online bidding led to some surprising results.
Latest realestate.com.au auction data shows New South Wales has a clearance rate of 75% for the week to date, while Victoria’s preliminary clearance rate currently stands at 68%.
Here’s what happened in the auction capitals today.
120 Forest Rd, Arncliffe sold for $264,000 over reserve.
Sydney
A dated 1950s-era brick cottage in Putney in Sydney’s northwest was changed hands for $1.93 million, just to be bulldozed.
Part-time developer Sam Ashour said he snapped up the four-bedroom house on Charles St in an “impulse buy” and would knock down the home to replace it with new housing.
The property was marketed with a guide of $1.7-$1.8 million but the sellers set a high reserve on the morning of the auction at $1.9 million.
The Charles St house was on a 670sqm block.
At another auction today, an Arncliffe family sold their four-bedroom house to their next-door neighbour for $264,000 above their price expectations.
The price for the house on a 1385sqm block on Forest Rd was $2.014 million and vendor Dan Brady set the reserve at $1.75 million.
“There will always be people who question the market, but from my point of view it’s still incredibly strong,” Mr Brady said.
“I’m certain this is the best price we would have got anytime and it’s completely life-changing.”
Two deceased estates in the eastern suburbs drew strong bids and sales – one in Bondi Junction that sold $625,000 above reserve, and a home on Napier St, Matraville sold for $1.365 million.
For more of today’s Sydney auction coverage, read here.
Melbourne
Hawthorn skipper Ben Stratton’s Fitzroy warehouse conversion passed in at auction today, but is expected to be snapped up soon.
The two-bedroom home at 75 Palmer St passed in on a vendor bid of $1.5 million, short of its $1.62 million price expectations.
The warehouse conversion passed in on a vendor bid.
Nelson Alexander Fitzroy partner Mark Verrocchi said the “hottest” buyer was still organising their finances and he expected the property to sell in the next few days.
“We ended up having close to 50 appointments and inspections there so I’m not really worried that we’re too far off,” Mr Verrocchi said.
Further north, a two-bedroom home in Preston sold $145,000 beyond reserve after a young couple bid for $655,000 at a competitive auction.
The “very excited” first-home buyers outbid a mixture of young buyers, investors and downsizers to secure 2/65 Pender St.
“This is the trend we’re seeing at the moment. There seems to be competition everywhere you look,” said Ray White Craigieburn auctioneer Trish Orrico.
For more of today’s Melbourne auction coverage, read here.
The post Saturday auctions: Sydney buyers smash reserves, Melbourne competition continues appeared first on realestate.com.au.
120 Forest Rd, Arncliffe sold for $264,000 over reserve.
A family of Arncliffe vendors were celebrating with champagne after selling their four-bedroom house at auction to their next-door neighbour for $264,000 above their price expectations.
The price for the house on a 1385sqm block on Forest Rd was $2.014 million and vendor Daniel Brady set the reserve at $1.75 million.
“We’re absolutely over the moon and this result was way beyond any of our expectations,” Mr Brady said.
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The buyer was understood to have offered $1.55 million for the house prior to auction.
Mr Brady said he was glad to have sold the property in the current market. “There was never a thought in my mind about waiting six months because I was confident it would sell now,” he said.
“There will always be people who question the market, but from my point of view it’s still incredibly strong … I’m certain this is the best price we would have got anytime and it’s completely life-changing.”
Ten bidders registered with selling agents Nicholas and Con Economos of Ray White-Rockdale and the opening bid was $1.45 million.
“This was an incredible result with a huge 77 bids taking place as the final two bidders slugged it out as if it was the 12th round from $1.85 million onwards,” Mr Nicholas Economos said.
Vendor Daniel Brady and aunt Monique Howell celebrate after getting $264,000 over reserve.
“The emotional attachment for both final bidders was clear. The eventual underbidders (there with family) even considered pooling their finances to ensure they won.”
The next-door neighbour was reported to have wanted to buy the house for many years.
The property was one of about 500 Sydney homes to go to auction this week. Preliminary indicators suggested about 60 per cent of sales were a success – in line with the auction clearance rate recorded over the past two weeks.
In Sydney’s east, a two-bedroom terrace on Adelaide St in Surry Hills sold under the hammer yesterday for $1.087 million.
33 Adelaide St, Surry Hills attracted eleven registered bidders.
Eleven bidders registered for the auction with BresicWhitney agent Michael Kirk. The opening bid was $980,000. The vendor originally had a reserve of $1.1 million but dropped their expectations to meet the market, Mr Kirk said.
Most of the interested bidders were first homebuyers or upsizers. The buyer was a first-time purchaser from Melbourne who placed bids on the phone.
In Matraville, a deceased estate on Napier St sold for $1.365 million.
On the northern beaches, a torrens title house in Beacon Hill changed hands for $1.5 million. Selling agent Jacquelynn Watson of Ray White-Freshwater said most of the prospective buyers interested in the home on Lady Penrhyn Drive were families and upsizers.
7a Lady Penrhyn Drive, Beacon Hill sold for $1.5 million.
“This was a strong campaign with 45 groups through during the opens and that translated into a really good auction result for the vendors. They’re very happy,” Ms Watson said.
“The property has been with the same owners for 23 years since it’s construction and it’s really lovely that a new family gets to come in and make memories of their own.
“We decided to go with an auction because it provided that set deadline for the vendor and it was a great result for them.”
The post Sydney auctions: St George family sell house to neighbour for $264,000 over reserve appeared first on realestate.com.au.
Auctioneer Michael Garofolo at the sale of a Putney house that sold for $1.93 million. Picture: Tim Hunter
A dated 1950s-era brick cottage in Putney in Sydney’s northwest changed hands at auction on Saturday for $1.93 million just to be bulldozed.
The four-bedroom house on a 670sqm block on Charles St was snapped up by part-time developer Sam Ashour who said it was an “impulse buy”.
The developer, who is a pharmacist by trade and is understood to own multiple stores, said he would knock the home down to replace it with new housing.
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20 bidders register as home sells $625k over reserve
Mr Ashour beat out seven other registered bidders. A crowd of about 50 people were observing the auction, including neighbours watching from their yards.
The property was marketed with a guide of $1.7 million to $1.8 million but the sellers set a high reserve on the morning of the auction at $1.9 million.
The auction attracted eight registered bidders.
The sale was initially slow to get started. One of the registered buyers tried to open the bidding at $1.55 million but the offer was knocked back by auctioneer Michael Garofolo.
The bidder increased his offer to $1.6 million and the auction was officially underway. The next bids went up in $25,000 increments but minutes usually passed before another offer was made.
“It was only bargain hunters making offers at the beginning so the auction was slow to get started,” Mr Garofolo said. “It was only once the bidding passed $1.8 million that the serious buyers became clear.”
Buyer Sam Ashour is congratulated after winning the auction. Picture: Tim Hunter
A local familiar with the area, Mr Ashour said he deliberately entered the auction as late as possible.
“I wanted to come in when the other bidders were exhausted … I wasn’t going to let it go,” he said, adding he was prepared to spend $2 million for the block.
Mr Ashour almost didn’t register. He told the Sunday Telegraph he had viewed the property at an inspection weeks before but nearly forgot about the auction. “I only realised in the morning,” he said.
Selling agent Fred Jabbour of First National-Ryde said there was strong interest in the property in the lead up to the auction. More than 10 contracts of sale were issued.
The house was one of the few remaining original condition homes on the street. Many of the other houses built during the same era were knocked down to make way for two-storey modern housing.
“Even the few single-level houses that are left have been modernised, this was one of the last houses in mostly original condition,” Mr Jabbour said. “It’s a good convenient location so the price was justified. This market is always in demand and is stable during downturns.”
The Charles St house was on a 670sqm block.
The house was one of one of about 500 properties to go under the hammer over the weekend. About 60 per cent of auctions were a success for the vendors over the past two weeks.
Other sales included an original condition house in Bondi Junction. The auction attracted 20 registered bidders and sold for $3,125,000, $625,000 above reserve.
The four-bedroom, two-bathroom circa 1910 home on Birrell St had the same owners for almost 50 years.
In the St George area, a four-bedroom house on Forest Rd in Arncliffe sold for $2.014 million to the next-door neighbour, beating the reserve by $264,000.
120 Forest Rd, Arncliffe sold for $264,000 over reserve.
Ten bidders registered with selling agents Nicholas and Con Economos of Ray White-Rockdale and the opening bid was $1.45 million.
“This was an incredible result with a huge 77 bids taking place as the final two bidders slugged it out as if it was the 12th round from $1.85 million onwards,” Mr Nicholas Economos said.
“The emotional attachment for both final bidders was clear. The eventual under-bidders (there with family) even considered pooling their finances to ensure they won.”
The next door neighbour who snapped up the home was reported to have been hoping to purchase the property for many years.
The post Sydney auctions: ‘impulse’ buyer pays $1.93 million to wreck house appeared first on realestate.com.au.
Hawthorn skipper Ben Stratton is punting a classy Fitzroy warehouse conversion.
Hawthorn skipper Ben Stratton and fiancee Laura Griffin are still looking to handball their Fitzroy warehouse conversion, after it passed in at auction.
The two-bedroom home at 75 Palmer St passed in on a vendor bid of $1.5 million, short of its $1.62 million price expectations.
Nelson Alexander Fitzroy partner Mark Verrocchi said the “hottest” buyer was still organising their finances and he expected the property to sell in the next few days.
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The warehouse conversion passed in on a vendor bid.
Ben Stratton with Laura Griffin at the 2019 Brownlow Medal. Pic: AAP Image/Julian Smith
The couple polished the concrete floors and exposed a brick wall at the home.
“We ended up having close to 50 appointments and inspections there so I’m not really worried that we’re too far off,” Mr Verrocchi said. “It is a ripping house.”
Three-time premiership star Stratton previously told the Sunday Herald Sun that the pair were drawn to the stylish property for its location just off Brunswick St.
A spiral staircase at the house.
Clerestory windows bring light into one of two bedrooms.
Hawthorn coach Alastair Clarkson and skipper Ben Stratton during training in 2019. Pic: Michael Klein
“It was perfect, we had everything at our front door – so many local watering holes and favourite brekky places,” the 31-year-old defender said.
“It was pretty special having Carlton Gardens in our backyard.”
In Preston, a two-bedroom brick house sold a whopping $145,000 beyond the reserve price. A young couple picked up 2/65 Pender St for $655,000 in the competitive bidding.
There were 40 registered bidders for 2/65 Pender Street, Preston.
The Preston property sold for $655,000.
The “very excited” first-home buyers outbid a mixture of young buyers, investors and downsizers, Ray White Craigieburn auctioneer Trish Orrico said.
“It was nuts — we definitely weren’t expecting that,” she said of the runaway result.
“This is the trend we’re seeing at the moment,” Ms Orrico said. “There seems to be competition everywhere you look.”
The Preston unit fetched a $145,000 premium.
First-home buyers, downsizers and investors all expressed interest.
Multiple family bidders also vied for the keys to 24 Mimosa St, Glen Waverley, which sold for a $112,000 premium.
The 652sq m block sold for $1.132 million, after “out of control” competition between six groups. “All the bidders were planning to knock the house down and build their dream home,” Harcourts Judd White director Dexter Prack said.
Elsewhere, a four-bedroom house at 12 Blackman Ave, Mill Park, sold for $631,000 under the hammer.
Two sisters sold the property for their mum as she moves into aged care, earning a $31,000 premium with the sale.
Barry Plant North Eastern Group director Jay Moxon said a pair of local first-home buyers purchased the home with plans to do a renovation.
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The post Ben Stratton: Hawthorn captain’s Fitzroy house misses mark appeared first on realestate.com.au.
2 Birrell St, Bondi Junction sold for $3.125 million, $625,000 above reserve.
An original gem in Bondi Junction has attracted 20 registered bidders and sold for $3,125,000 — $625,000 above reserve — at a hotly contested auction.
The four-bedroom, two-bathroom circa 1910 Federation Queen Anne-style home on a 405 sqm block at 2 Birrell St had been the home of the late Mavis and Les Coutinho for almost 50 years.
“It went through the roof,” said Raine and Horne Bondi Beach agent Hannan Bouskila.
“It’s a heritage item and I thought that might hold it back, but obviously it didn’t.
“There doesn’t seem to be a big difference in price between pre- and post-COVID-19 when it comes to houses and semis in the area … if anything, some of the houses are doing even better than they were before because of the shortage of good properties available.”
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The huge open-plan living space at the rear of the property opens to a north-facing back yard.
Buyers loved the period charm of the front rooms,
Despite the 20 registrations for Wednesday night’s auction, I counted just five or six who were able to get a bid in.
With auctioneer Jake Moore of Cooley’s presiding, bidding opened at $2.2 million, rising initially in $25,000 increments.
There was one knockout bid attempt of $80,000, but by the end it was down to $5000 offers.
I spotted buyer’s agent Michael Clulee of 1 Group Property Advisory there bidding for the successful purchasers, understood to be an eastern suburbs couple.
The heritage restrictions mean it can be difficult to get council approval for dramatic structural renovations.
This room could serve as one of the bedrooms.
The bathroom is in need of a makeover — or will probably be moved in a future internal renovation.
But the freestanding home had a lot going for it — a parkside location, fine period craftsmanshi and a north-facing garden and garage with access via St James Rd.
And the buyer should have no issue reconfiguring the internal space to convert the current kitchen to an ensuite for the neighbouring bedroom.
A likely spot for a new kitchen is the current location of the existing bathroom and laundry, which adjoins the huge living/family room.
Bouskila said the property had attracted 150 groups through open homes.
“It was phenomenal,” he said.
The north-facing back yard was a big part of the appeal.
The location was another big factor.
“Good properties — especially houses and semis — are doing exceptionally well.”
Mavis passed away in April at the age of 93, while her husband preceded her by 12 years aged 80.
Family friends wrote in Les’s obituary: You were always the first couple on the dance floor and both lit up the dance floor with your wonderful moves.”.
Bouskila said he had also recently had a very strong result for a three-bedroom, two-bathroom semi on a 238 sqm block with no parking at 92 Wellington St, Bondi Beach, which sold for $2.4 million in a private treaty campaign.
“That result wasn’t far off what we could have got before COVID-19,” he said.
The post Bondi Junction deceased estate attracts 20 bidders at auction, selling $625k above reserve appeared first on realestate.com.au.
The old adage ‘charity begins at home’ rings true in Tamworth, with a family home constructed as a heartwarming community gesture to help drought-ravaged farmers.
Constructed as a fundraiser for The Salvation Army and dubbed “The House That Drought Built”, the four-bedroom, two-bathroom home at 43 Eagle Avenue in Tamworth has been lovingly curated by the local building fraternity who have donated their time and constructed the property at cost.
The four-bedroom, two-bathroom home was built to raise money for drought-stricken farmers in Tamworth. Picture: lampada.com.au
The project is the brainchild of Natalie and Dan Urquhart, owners of building company GJ Gardner Homes Tamworth.
Keen to support their community through a long-running drought crisis, the Urquharts initiated the project to build the house to raise funds for The Salvation Army to continue its important work supporting local farming families through its rural chaplaincy program.
“With the ongoing drought conditions in Tamworth, we wanted to do something for our local community and the farmers, specifically, to help them out throughout this time,” Natalie Urquhart said.
“Drought has affected Tamworth and our wider community over the years and all industries across Tamworth have been affected. This was about creating that sense of community.
“We wanted to do something uplifting within the community to lift people’s spirits.”
The couple enlisted the support of Tamworth Regional Council, developer Lampada and PRD Real Estate, as well as a throng of tradespeople in the community to bring the vision to fruition.
The home is airy and full of light. Picture: lampada.com.au
Plenty of space for the entire family. Picture: lampada.com.au
There is everything a modern family could want in a home. Picture: lampada.com.au
The home boasts four generous bedrooms. Picture: lampada.com.au
No stone has been left unturned in the luxurious bathroom. Picture: lampada.com.au
Beautiful from the outset. Picture: lampada.com.au
Mrs Urquhart said the project had been well received and supported by the community. Local community members have also donated money through “buying a brick” for $25.
“We’re hoping to raise in excess of $250,000 to go towards farming families and those experiencing hardship because of drought. That can be as simple as covering an electricity bill to buying bales of hay.”
The Salvation Army spokesperson Nicole Jenkinson said profits from the sale of the house, once final costs of the build are deducted, would be channelled into chaplaincy services for the region.
“The Salvation Army has a rural chaplaincy program that has been operating for decades in regional Australia and we have a number of rural chaplains on the ground,” Ms Jenkinson said.
“There are four chaplains in that general north-west New South Wales area who go out and sit at kitchen tables with the farmers and talk about where they’re at, what their needs are and how we can help. Sometimes that might be that they don’t have money to register their ute and we can help with that. Sometimes it’s more significant.”
Ms Jenkinson said there was considerable need, with more than 160 farming families in the Tamworth region identified as currently requiring assistance.
More than 160 farming families in the Tamworth region are identified as requiring assistance following major drought. Picture: Getty.
“We are so grateful to the project team, GJ Gardner, the Tamworth Council, Lampada and PRD because without their collective contributions we wouldn’t have been able to achieve what we have at the cost that we have,” Ms Jenkinson said.
“We also thank the wider Tamworth community because they’ve all helped – all the subbies who have given discounted trade work or the community members who have bought a brick to contribute to the house. It all adds up to make an amazing collaborative project.
“The Salvation Army is extremely grateful to have the support of this community and we will make sure that the funds are dedicated to farmers in the region who need an extra hand.”
The house sits on a 713sqm block and offers a spacious floor plan, butler’s pantry, multiple internal living spaces including a rumpus room and alfresco area.
It also includes ducted and zoned air-conditioning, decor and window furnishings, and a landscaped yard.
The property, which is being marketed by Dean Cummins and Amy Hughes at PRD Tamworth, will be auctioned on 25 July at 11am.
The post ‘The House That Drought Built’ to go under the hammer to help farmers appeared first on realestate.com.au.
No. 140 Hall Lane, Whiteheads Creek is a world-class facility.
Olympic equestrian rider Jamie Coman and his wife, Sue, an international showjumper, are selling their world-class equestrian facility.
The pair purchased the Whiteheads Creek property from a company belonging to Melbourne Cup-winning trainer Sheila Laxon and her partner, John Symons.
The Comans have now listed the 32.78ha site at 140 Hall Lane with a $2.5-$2.75m price guide.
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Jamie Coman riding Taw Joy during training in March 2000.
Sue Coman riding McNulty at the Royal Melbourne Show in October 1995.
Mr Coman notably represented Australia in the individual jumping event at the Sydney Olympics in 2000.
He then went on to become a national coach before deciding to return to riding, according to his wife, who’s also an accomplished rider.
“At the Australian level, I’ve competed over the years at Grand Prix and World Cup level on quite a few different horses,” Ms Coman said.
“It’s a good life and it’s something we love to do. It’s very good to work with horses when it’s a passion.”
CoreLogic records show the pair paid $1.05m for the site in 2016, when it was being used as a thoroughbred training centre.
An outdoor all-weather arena alongside the property’s stable complex.
The site is expected to fetch $2.5-$2.75m.
There are two racetracks on the 32.78ha site.
The previous owner, Laxon, trained 2001 Melbourne Cup and Caulfield Cup winner Ethereal.
Owners Frank and Karen Butler and Glenn Fielding later brought long and expensive legal action against Laxon and Symons.
A judge found against Laxon and Symons in late 2014.
The Herald Sun
reported at the time the pair faced a $1m bill once legal costs were awarded.
Ms Coman said she and her husband “had a lot of work to do” when they first took over the property.
“Now, it’s back up to what it once was,” she said.
Day yards and spelling paddocks all on display from an aerial shot.
The site is just 10 minutes to the Seymour racetrack.
Sheila Laxon with Ethereal and her Melbourne and Caulfield Cups. Picture: Craig Hughes
The Comans’ additions include a huge outdoor all-weather arena alongside the stable complex, which contains stables, feed and tack rooms, and two furnished visitor rooms.
“It’s such a good set up, it’s wasted if it’s not going to be used to its maximum,” Ms Coman said of the property.
Other features of the property, which also includes a brick veneer three-bedroom house, are two racetracks, a 50m horse swimming pool and nine spelling paddocks.
The couple plan on moving to a smaller acreage, where they will continue to ride and teach others.
The property last sold in 2016.
Jamie Coman at the Sydney Olympics. Picture: Robert Mckell
RT Edgar Macedon Ranges director Rhys Nuttall said the site would suit use for racehorse training or other equestrian disciplines.
“It’s a really high-class thoroughbred training complex,” Mr Nuttall said.
The property is a 10-minute drive from Seymour and the Hume Highway.
A brick veneer house is also on the property.
Inside the three-bedroom house.
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The post Whiteheads Creek training centre of Olympian and Melbourne Cup winner for sale appeared first on realestate.com.au.
Bulletproof suburbs are still making incredible property price gains amid the pandemic.
House and unit median prices shot up as much as 55 per cent in the June quarter, with a number of suburbs rising above the million-dollar benchmark.
The Real Estate Institute of Victoria data shows metropolitan Melbourne’s median house sale price has dipped 3.5 per cent to $895,500 since April. Despite the coronavirus-driven downturn, prices are still 6.1 per cent higher than they were 12 months ago.
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Melbourne’s median prices have dipped, but a number of suburbs are proving bulletproof.
Real Estate Institute of Victoria president Leah Calnan said the results proved doom and gloom predictions about the property market were unlikely to come true.
“Agents from every part of Melbourne are continuously saying that sale prices have been consistent, and I think it shows the Victorian property market is strong and has shown great resilience,” Ms Calnan said.
“This should offer a lot more confidence for consumers everywhere, including people who have put their mortgages on hold and investors who have given rent reductions.”
REIV President Leah Calnan.
Nick Johnstone director Nick Johnstone said the June quarter had been busy in Bayside. Picture: Alex Coppel
In Melbourne’s southeast, Hampton and Elwood house prices skyrocketed 47.8 per cent and 31.1 per cent to hit medians of $2.52 million and $2.3 million respectively. Sandringham units also entered the million-dollar club after a huge 55.5 per cent price jump to $1.1 million in the quarter.
Nick Johnstone Real Estate director Nick Johnstone said a number of inquiries had come from those in “landlocked suburbs” during the pandemic.
20 Normandy Rd, Elwood set a suburb record in the past quarter.
It sold about $1.7 million beyond reserve.
“A lot of people are moving out of the inner city and trying to get closer to water, fresh air and a bit of space,” Mr Johnstone said.
“We’ve actually sold more properties in the past three months than we did at the same time last year.”
Big movers in the outer suburbs were Williams Landing (up 29.1 per cent to $832,500), Croydon North (20.6 per cent, $995,000) and Strathmore (17.5 per cent, $1.366 million).
The median price in Croydon North has shot up since April.
10 Susans Court, Croydon North sold for $748,000 in May.
Noel Jones Ringwood and Croydon director Warren Paas said families battling for properties in school zones were keeping the market afloat in the outer ring.
“These families need to upsize into particular suburbs, regardless of what’s happening with coronavirus,” Mr Paas said.
“We’ve seen very low volumes but the demand is still strong, which is keeping prices firm.”
Families are still selling to break into school zones. Picture: Nicki Connolly
First-home buyers are also making the most of low interest rates and government incentives. Picture: Wayne Taylor
He said first-home buyers were also taking advantage of cheap interest rates.
“Properties in their price range are selling very quickly. We’re getting 50 groups of people through a property and often selling it in five days,” he said.
The REIV also reported a drop in Melbourne’s unit and apartment market in the June quarter, with the citywide median shrinking 2.5 per cent to $621,000.
Apartment prices have slightly dipped in the past quarter. Picture: Wayne Taylor
Despite this, prices soared about 40 per cent in Hawthorn East, to a $937,500 median. Gains exceeded 20 per cent in Mordialloc, Highett, Carrum, North Melbourne and Kensington.
Regional Victoria notched quarterly median gains of 0.1 per cent to $420,000 for houses and an impressive 13.6 per cent to $339,000 for units.
The REIV data is based on sales in the June quarter. Suburbs needed to have at least 20 sales to be included.
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JUNE QUARTERLY MEDIANS:
Metropolitan Melbourne
Houses: $895,500, down 3.5% in the June quarter (up 6.1 per cent annually)
Units and apartments: $621,000, down 2.5% in the June quarter (up 6.4 per cent annually)
Regional Victoria
Houses: $420,000 median, up 0.1 per cent in June quarter (up 3.7 per cent annually)
Units and apartments: $339,000 median, up 13.6% per cent in June quarter (up 6.2 per cent annually)
MELBOURNE TOP 10 – HOUSES
HAMPTON $2,520,000 median, +47.8%
ELWOOD $2,300,000 +31.1%
WILLIAMS LANDING $832,500 +29.1%
CROYDON NORTH $995,000 +20.6%
CARLTON NORTH $1,590,000 +18.0%
STRATHMORE $1,366,000 +17.5%
MALVERN $2,500,000 +16.3%
WARRANDYTE $1,156,000 +15.6%
RINGWOOD NORTH $1,012,500 +14.9%
WHEELERS HILL $1,320,000 +13.7%
MELBOURNE TOP 10 — UNITS
SANDRINGHAM $1,100,000 median, +55.5%
HAWTHORN EAST $937,500, +39.3%
MORDIALLOC $745,750, +28.6%
HIGHETT $795,000, +21.9%
CARRUM $745,000, +21.1%
NORTH MELBOURNE $720,000, +20.9%
KENSINGTON $645,000 +20.0%
ABBOTSFORD $608,000 +19.2%
BLACKBURN $820,500 +18.9%
CAMBERWELL $1,005,750 +17.3%
The post Melbourne suburbs where prices still rising amid coronavirus: REIV appeared first on realestate.com.au.
Essendon premiership player Rick Olarenshaw is selling his Port Melbourne apartment after moving to Bali.
The former Bomber — who also briefly lined up for Collingwood and North Melbourne during his 83-game AFL career — has $440,000-$480,000 price hopes for 201A/86 Bay Street
Olarenshaw is also known for his time as a boundary rider on Channel 7’s footy coverage. He handed the reins to Tigers great Matthew Richardson in 2009.
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Ex-Essendon player and boundary rider Rick Olarenshaw.
Inside 201A/86 Bay Street, Port Melbourne.
Marshall White Bayside director Matthew Pillios said the one-bedroom apartment had been a “great investment property” for the former footballer.
“It’s a good boutique building with great facilities, which is obviously in a great location,” Mr Pillios said.
“He’s living in Seminyak, Bali, at the moment and will be there while we’re selling the property.”
The boutique building is in the heart of Port Melbourne.
Rick Olarenshaw (centre) after the 1993 Preliminary Final.
Olarenshaw moved to Indonesia in 2013, and has since started a family and opened three F45 gyms in Seminyak, Canggu and Jakarta.
He also coaches Australian rules footy team the Bali Geckos, which is one of the top clubs in the Asian Championships.
Mr Pillios said there were “big opportunities” in Indonesia for the 47-year-old who, in his debut season, was part of the “Baby Bombers” side that won the 1993 Grand Final.
The apartment has been used as a rental property.
A balcony looks over Bay St.
The side also featured AFL legends Michael Long, Tim Watson, James Hird, Gavin Wanganeen and Mark Thompson, and was coached by Kevin Sheedy.
“I believe he’s looking at some more property acquisitions in Indonesia and has some plans to expand the gym business,” he said.
“The F45 business goes really well in Bali because there are so many Aussies who live out there.”
Olarenshaw (third from left) with Bali Geckos team members and Dustin Martin (second from right) last year. Picture: Facebook/Bali Geckos
CoreLogic shows Olarenshaw paid $435,000 for the one-bedroom apartment in August 2010 and has rented it out for most of the past decade. He bought the inner-city pad in the same year he put his Jan Juc holiday home on the market.
The Keilor-born wingman retired from football in 2001, following a string of injuries.
He was later involved in player management and the media before making the move to Indonesia.
Olarenshaw’s investment property is for private sale.
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