Written by Mark Ruttner on March 29, 2018 . Posted in Blog , Real Estate Market
As one of Melbourne’s leading property valuers, all I can say is, if I had a dollar for every time a consumer asks me this question, I would probably have retired already.
Can you provide me with a valuation – you know I don’t need a report, just an opinion of value, an appraisal, or estimate of value.
The Australian Property Institute (API) has recently reported that the marketplace in general substituted the word “valuation” with other alternative means of appraisal, sale price, estimate, assessment, selling range, opinion.
Written by Mark Ruttner on March 26, 2018 . Posted in Blog , Residential Real Estate Market
First Valuation Group Caulfield Prestige Residential Sales Survey
Jan – Dec 2017
Address
Land Area m2
Bldg. Area m2
Date
Sale Price
Sale Price/ Bldg. Area m2
Sale Price/ Land Area m2
Photos
33 Labassa Grove, Caulfield North, Vic 3161
892
456.4
7/12/2017
$4,600,000
$10,079
$5,157
58 Rosemont Avenue, Caulfield North, Vic 3161
776
447.1
4/12/2017
$4,850,000
$10,848
$6,250
51 Howitt Road, Caulfield North, Vic 3161
1,091
204.4
6/11/2017
$4,365,000
$21,355
$4,001
10 Pearce Street, Caulfield South, Vic 3162
754
377.4
28/10/2017
$3,050,000
$8,082
$4,045
8 Wootton Grove, Caulfield North, Vic 3161
1,006
503.3
13/10/2017
$7,300,000
$14,504
$7,256
202-212 HawthornRoad, Caulfield North, Vic 3161
1,717
443
26/07/2017
$8,700,000
$19,639
$5,067
18 Howitt Road, Caulfield North, Vic 3161
1,090
N/A
19/06/2017
$4,100,025
N/A
$3.761
173 Kooyong Road, Caulfield North, Vic 3161
1,103
477.3
30/05/2017
$4,550,000
$9,533
$4,125
30 Otira Road, Caulfield North, Vic 3161
634
419.4
21/05/2017
$4,100,000
$9,776
$6,467
32 Lumeah Road, Caulfield North, Vic 3161
1,091
480
2/03/2017
$5,300,000
$11,042
$4,858
Written by Mark Ruttner on March 23, 2018 . Posted in Blog , Residential Real Estate Market
First Valuation Group Metropolitan Area Prestige Residential Sales Survey
Jan – Dec 2017
Address
Land Area m2
Bldg. Area m2
Date
Sale Price
Sale Price/ Bldg. Area m2
Sale Price/Land Area m2
Photos
1 Lisbuoy Court, Toorak, Vic 3142
1,510
330
7/12/2017
$12,400,000
$37,576
$8,212
1 Heymount Close, Toorak, Vic 3142
2,221
424
21/11/2017
$17,600,000
$41,509
$7,924
9 Haverbrack Avenue, Malvern, Vic 3144
1,485
382
2/11/2017
$10,180,000
$26,649
$6,855
7 Kenley Court, Toorak, Vic 3142
855
504
17/08/2017
$15,009,999
$29,782
$17,556
9 Ottawa Road, Toorak, Vic 3142
1,486
398
29/06/2017
$15,000,000
$37,688
$10,094
2 Myvore Court, Toorak, Vic 3142
790
570
17/06/2017
$16,000,000
$28,070
$20,253
7 Dawson Avenue, Brighton, Vic 3186
2,125
370
12/06/2017
$10,900,000
$29,459
$5,129
20 Linlithgow Road, Toorak, Vic 3142
1,270
631
6/06/2017
$12,000,000
$19,017
$9,449
3 Fulham Avenue, South Yarra, Vic 3141
2,243
492
26/05/2017
$11,100,000
$22,561
$4,949
22 Stonnington Place, Toorak, Vic 3142
1,282
922
24/05/2017
$12,300,000
$13,341
$9,554
4 Glendye Court, Toorak, Vic 3142
1,087
469
3/05/2017
$10,000,000
$21,322
$9,200
10 Glyndon Avenue, Brighton, Vic 3186
1,183
710
11/04/2017
$13,200,000
$18,592
$11,158
6 Benson Avenue, Toorak, Vic 3142
650
525
23/03/2017
$10,400,000
$19,810
$16,000
2 Heymount Close, Toorak, Vic 3142
2331
680
20/03/2017
$16,670,000
$24,515
$7,151
15 Maple Grove, Toorak, Vic 3142
1,344
480
7/03/2017
$12,500,000
$26,042
$9,301
9 Hill Street, Toorak, Vic 3142
1,844
631
3/03/2017
$14,680,000
$23,265
$7,961
135-139 Walsh Street, South Yarra, Vic 3141
815
446
28/02/2017
$11,000,000
$24,664
$13,492
32A Hopetoun Road, Toorak, Vic 3142
2,025
372
14/02/2017
$10,950,000
$29,435
$5,407
Written by Mark Ruttner on March 21, 2018 . Posted in Blog , Real Estate Market
First Valuation Group Melbourne Prestige Apartment Sales Survey
Jan – Dec 2017
Address
Bldg. Area m2
Date
Sale Price
Sale Price/ Bldg. Area m2
Photos
3603/35 Spring Street, Melbourne, Vic 3000
330
25/10/2017
$7,900,000
$23,939
1903&1904/576-578 St Kilda Road, Melbourne, Vic 3004
740
9/08/2017
$8,175,000
$11,047
5/4-6 Mathoura Road, Toorak, Vic 3142
364
30/06/2017
$6,006,500
$16,501
302/30 Springfield Avenue, Toorak Vic 3142
361
30/06/2017
$6,500,000
$18,006
7/97 Mathoura Road, Toorak, Vic 3142
N/A
28/06/2017
$6,750,000
N/A
402/2 Hobson Street, South Yarra, Vic 3141
353
27/06/2017
$11,000,000
$31,161
3/22 Millswyn Street, South Yarra, Vic 3141
265
30/05/2017
$6,900,000
$26,038
L84, Eureka, 7 Riverside Quay, Southbank, Vic 3006
600
1/05/2017
$15,000,000
$25,000
251/99 Spring Street, Melbourne, Vic 3000
419
6/04/2017
$7,000,000
$16,706
2/29 Washington Street, Toorak, Vic 3142
362
14/03/2017
$6,795,000
$18,771
Written by Mark Ruttner on November 23, 2017 . Posted in Blog , Real Estate Market
Listen to all the spruikers in the market place. It is as if they are saying… “whatever you buy in the real estate market will make your money, just buy,” the running mantra for every real estate professional selling real estate in Melbourne over the last 5 years.
Truth be known, the fundamental principles of dollar value profit and how to make money out of real estate has been diminished by the two major factors of what not too many people are prepared to talk about
Global Purchaser
Generational shift to Gen Y
Without providing a detailed analysis, a large proportion of Global purchasers of whom have acquired Melbourne real estate over the last 5-10 year period, have not acquired for the same reason as local purchasers have.
