Melbourne’s ‘Rock Solid’ Suburb of Toorak Has Been Desirable For Over 100 Years.
Situated along the Yarra River just three miles from Melbourne’s central business district is Toorak, an oasis of luxury living.
The Toorak House, a prominent and historical structure in this exclusive enclave, has previously been the residence to high-ranking government officials, a hostel run by the Women’s Auxiliary Australian Air Force during World War II, and now serves as a community center and church for the Church of Sweden. Despite its many evolutions, this stately property set the affluent tone for what remains one of the city’s most desirable suburbs since the early 1900’s.
The district was named for Toorak House, the Italianate Victorian mansion that wealthy merchant James Jackson built in 1849
This week the mainstream media again gave air to the impending doom of all Melbourne Property, through coverage of Citibank’s international head’s visit to Australia. Whilst some were digesting that, there was a sale that only helped confirm the opposite of Citibank’s constantly reported negative comments, with regards to the Australian property market.
That sale was 2 Myvore Road Toorak with Jock Langley and Tim Derham from Abercromby’s. It is a Melbourne Game Changer.
At James Marketnews there are no blankets (statements) and so the market we are talking about is good quality family homes in Inner Melbourne.
2 Myvore Toorak
What should a home – a very, very good one, over 4 levels with all the bells and whistles in Toorak go for?
Well let us help you work through it.
The block is an average house block for Melbourne at 790 square metres and was purchased/settled two years ago at $4,450,000 – a knock down – that worked out then at $5,600 per sq metre. It was bought at a strong time in the market (2015), possibly when some people were telling all and sundry, that the market was overheated.
Myvore is a good street, but is it one of Melbourne’s or indeed Toorak’s best streets?
Read More: http://marketnews.com.au/2017/06/game-changer/?utm_source=James+Market+News&utm_campaign=a51684b5ad-Masterclass+5th+June+2017+%28MN+subscribers%29&utm_medium=email&utm_term=0_1d173b0777-a51684b5ad-192491982
Posted on 27 Apr 2017, 9:51 a.m.
Sam Goddard knew what he wanted to do in life when he was just 15.
Growing up in Geelong and boarding at Melbourne Grammar, working in real estate was always his dream. But it was Year 10 work experience at a local real estate agency that confirmed it.
“It’s all I ever wanted to do,” Goddard says. “I enjoy communicating with people on all different levels which is essential in this business. I thought it would be something I’d be good at.”
And he has been proven right. After leaving school, Goddard spent 12 months working at a Geelong real estate business before joining Abercromby’s in Armadale. He hasn’t looked back.
Five years later, he is now a Director of the freestanding boutique agency, specialising in high‑end properties. Goddard recently sold a Toorak property for about $11 million, a far cry from his very first sale in the industry – a Geelong home that sold for $163,000.
“When I first started, the thought of selling a home worth millions seemed far‑fetched,” he says. Abercromby’s market includes high‑end suburbs Toorak, South Yarra and Armadale – which Goddard says brings different challenges to his job.
“Selling properties is like putting together a big jigsaw puzzle.You need to get the timing right, get involved in your community, build the right networks and make a positive impact with your clients.”
He believes the key to his success is “being an honest communicator” and building relationships. “You say what you are going to do and stick to it. It’s simple business … be clear and talk straight.”
Goddard says the market for top‑end properties is strong, driven by local buyer demand. He has seen a surge in expats returning to Australia for their children’s education and looking to settle down.
“To some extent, a lack of stock has pushed up price. There has been a real spike in the price per square metre of the more opulent pockets. When properties go on the market, they often sell before auction.
“Privacy around sales is very important. Some are not even advertised. We have a database of contacts and we know what they are looking for so, on occasions, it’s about matching the right person with the right property.”
Goddard doesn’t dwell on his losses. When he misses a listing, he views it as potential business for the future. This attitude and his business success has brought him to the attention of his peers. He was a finalist in the 2016 REIV Outstanding Young Agent of the Year and runner‑up in the Domain Rising Star. However, Goddard doesn’t take anything for granted. He has a number of mentors, inside and outside the industry, and enjoys nothing better than hearing the stories of agents who have “made it to the top” in real estate.
“People call me the office sponge,” he laughs. “I’m always absorbing information.”
Goddard admits his work consumes much of his life, occasionally to the frustration of his girlfriend, but he does enjoy a round of golf (he is a member at Barwon Heads), catching up with friends and dining out.
He is happy to offer some advice to new starters in the industry. “You need to be willing to work hard and not look at short‑term success.
“It’s not a sprint, it’s a marathon. I’ve only been working for five‑and‑a‑half years which is just the start. Love it and have fun.”
‘Being an honest communicator ... You say what you are going to do and stick to it. It’s simple business ... be clear and talk straight’
Article from "The Estate Agent" ❘April2017
1972. Led Zeppelin cut their Kooyong concert short due to rain, Carlton beat Richmond in the VFL Grand Final by 27 points and Australia says “it’s time”, ending 23 years of conservative rule by electing the Labor Party, with Gough Whitlam as Prime Minister. Meanwhile, in Brighton, builders put the finishing touches on an elegant new home designed by architect Guilford Bell at. 32 North Road.
Better known as the Seccull House (for the couple who commissioned it, William and Elaine) today it’s stated as an “extraordinary work” by the Victorian Heritage Database. And, after a sensitive restoration and one previous attempt late last year, the house is back on the market.
RMIT Professor of Architecture Leon van Schaik AO, editor of The Life Work of Guilford Bell, architect 1912-1992, says the Seccull House is “among the best” of more than 70 buildings designed by the architect, known for his pure designs and modernist aesthetic. Read More Here: https://peterbarrett.com.au/2017/04/18/seccull-house-for-sale-your-chance-to-own-a-piece-of-1970s-melbourne-history/
We are delighted to advise that Sam Goddard has been appointed as a Director of Abercromby's.
Sam’s dedication and hard work coupled with his maturity and leadership qualities leaves no doubt that Abercromby's will be in good hands well into the future.
We congratulate Sam on his appointment and look forward to a long and successful relationship. Sam can be contacted on 0448 870 454 or email: email@example.com.
Trophy homes around the nation: Portsea clifftop property sold by Abercromby's
Pharmaceutical entrepreneur Jeremy Cutts and wife Robin have bought on the Portsea clifftop. The property was offered for the first time in
35 years.. Read More
Posted on 19 Dec 2016, 2:41 p.m. in News
We would like to take this opportunity to thank all our valued clients for their on-going support in 2016 and wish everyone a very happy and safe Christmas.
May 2017 be a wonderful year for you all and we look forward to assisting you in any real estate matters that you may have.
We wish to advise you that we will be closing for Christmas on Friday 23rd December 2016 at 2pm, and will re-open on Tuesday 3rd January 2017.
Posted on 24 Nov 2016, 10:43 a.m. in News
Last Thursday evening Abercromby's held our inaugural Ladies Spring Fashion Parade, hosted by Tiffany Treloar.
The event was a great success and helped us raise funds for the Abercromby’s Charitable Fund, a sub – fund of Australian Communities Foundation. Through the Abercromby’s Charitable Fund, we are proud to be partnering with SecondBite and beyondblue to support positive outcomes within the community.
Thank you to everyone who attended and to all our sponsors for their generous donations which were all sincerely appreciated. White & Co. Durance Armadale Happy Melon Mercedes-Benz Crown Melbourne Barça Food & Wine Tiffany Treloar
Have you heard the exciting news?
Sam Goddard is a finalist in the REIV Outstanding Young Agent of the Year Award. Well done Sam!
Last Friday we had the privilege of having Chris Helder speak to us, motivate us and amuse us - Thanks Chris!
Posted on 24 Jun 2016, 1:17 p.m. in News
Thank you to Jeff Kennett who visited our office today to discuss his work with beyondblue. Around 3 million Australians are living with depression or anxiety. beyondblue provides information and support to help everyone in Australia achieve their best possible mental health, whatever their age and wherever they live. beyondblue is an excellent cause that we at Abercromby's are happy to be able to support wherever possible. To find out more about beyondblue click here:http://bit.ly/1JCcTXn
Congratulations to our very own Sam Goddard! Who was highly commended in the Domain Rising Star Awards. The Domain Rising Star Award, launched for the first time this year, celebrates and recognises leadership, innovation and outstanding achievements of young real estate agents.
Posted on 23 May 2016, 1:50 p.m. in News
Congratulations to our very own Sam Goddard for being named as a finalist in this year's Domain Rising Star Award.
Posted on 26 Apr 2016, 1:32 p.m. in News
In the background of Melbourne's property market, prestige homes are bought and sold on the QT, writes Clare Barry.
In the hubbub of open houses and auctions that defines Melbourne’s property market, a rarefied sector operates discreetly, often unlisted and quietly transacted.
“The top end works to a completely different drumbeat,” says buyer’s advocate David Morrell. “You’ll notice they rarely auction properties north of $6-$7 million, and we’re seeing a lot of bigger sales transacted without any agent. Privacy is a very big issue at the top end.”
Abercromby’s conducts 70 per cent of its business off market, according to director Jock Langley, tapping an ever-growing database of potential buyers and sellers.
He travels abroad to market directly to overseas buyers, mainly in Asia, targeting both foreigners and expats seeking a “return” property.
Those at the very top end of the market are seeking a trophy home, says Morrell, or are trading up to a bigger house for family. Many want a recently renovated house, and bigger blocks of land. “They want [up to] 40,000 square feet, and the fact is there aren’t too many of those homes left in Toorak, they’ve been subdivided.”
Morrell believes the prestige market has moved little in the past 10 months, with the behind-closed-doors nature of the sector making it difficult to track a sale’s progress.
‘You’ll notice they rarely auction properties north of $6 or $7 million.’Buyer’s advocate David Morrell
“What happens is they put it up for an EOI (expression of interest) and then it just disappears into the sunset. You never know what was offered or whether they got an offer or not. Most EOIs north of $10-$15 million are languishing.”
So for those who seek them, what makes a single $20 million home worth 27 median-priced Melbourne houses?
“It’s land holding, it’s scarcity, but it’s also a home that’s going to provide a lifestyle not just for a few years but usually for a generation,” says Marshall White’s Marcus Chiminello.
“Most buyers looking to spend $15 to $20 million at the moment tend to require a tennis court and beautiful views and a walk-in proposition, there are many attributes on an emotional level that will drive buyers above and beyond the logical things.
“But there are always buyers in Melbourne, whether local or international, who are prepared to pay $15 [million, up to] even $30 million for a home when the right thing comes up. But it’s got to be near perfect, otherwise they’ll just wait for the next opportunity.”
Read more here: http://www.domain.com.au/news/off-the-record-20160420-go63rr/
Inner Melbourne’s A-grade properties are facing increasing competition at auction, and there is a noticeable spike in contested auctions in the ever-popular middle-ring areas.
Read More: http://www.domain.com.au/news/melbourne-property-market-gap-closes-between-budget-and-prestige-20160305-gnbh1e/
Kinvoir, 42 Lisson Grove, Hawthorn.
This lovely Victorian home has been in Melbourne’s Triaca family for 90 years, seeing six generations pass through its halls.
Kinvoir was built around 1886 and has been home to Maria and Adrian Triaca for 25 years. The property was bought by Adrian’s grandmother Amelia Tilbury and was his childhood home.
Read more: http://www.theaustralian.com.au/life/home-design/prestige-property/triaca-family-of-cafe-latin-sell-their-historic-hawthorn-home/news-story/358131879b55b4357f4dbafd6a9a9d01
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