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
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
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
The renovation of East View, a grand Victorian mansion in Malvern East,
Victoria, was never going to be easy. But for Janene Young and her
family it was a challenge they were willing to take.
An interior designer by profession, Janene Young was the perfect candidate to manage the immense task of renovating East View – her company Inhabiting Flair specialises in “transforming private homes into welcoming and comfortable spaces that suit modern day living without foregoing the character and integrity of the traditional features that anchor and give soul to the residence,” she explains. But the huge overhaul was always going to be a big commitment in time, funds, energy and emotion.
Built in 1894, East View is an expansive two-storey Victorian home located in the Gascoigne Estate in Malvern East. The Young’s purchased the property in 1999 and began the renovation two years later, which would be done in two major stages and eventually completed in 2009.
South Yarra, 17-19 Alexandra Avenue, Tim Derham.
About 30 people gathered in the backyard of 17-19 Alexandra avenue in “Sunny South Yarra” today…See More
A crowd of 80 or so are comfortably gathered in the backyard of this 1930s home.
Seated on the outdoor furniture and behind trees many look more prepared for a
drink with an umbrella sticking out of it then they do for an auction. A vendor
bid of $4,200,000 is casually lodged by auctioneer Tim Derham… read more
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