Latest news with #WeeklyRealEstateUpdate
Herald Sun
2 days ago
- Business
- Herald Sun
Docklands penthouse with a four-car garage and lift for sale
A luxurious property described as Docklands' best penthouse is on the market with a $6.8m-$6.9m asking range. The six-bedroom home at 3801/100 Lorimer St features a separate four-car garage, internal lift, a north-facing terrace and a balcony fitted with a heater and barbecue. O'Brien's Julie Zucha and John Rombotis have the listing. RELATED: Melbourne CBD skyscraper sells out studios as buyers rush into $1bn Atlas tower Vast majority of Victoria now home to 'extreme rental pain', but silver lining for Docklands Docklands: Sam Newman's former New York-style penthouse listing 'I think that it's the best penthouse in all of Docklands, it has panoramic, uninterrupted views across the Yarra River and Melbourne CBD's skyline,' Ms Zucha said. 'You're 38 levels up and the home is split across two levels, it's private and very secure.' Four of the bedrooms have an ensuite, while the main bedroom includes a walk-in wardrobe and bathtub with river views. The kitchen showcases Gaggenau appliances such as dual ovens and a steam oven, plus a butler's pantry. Mr Rombotis said the home was located in a Mirvac-built tower, construction was completed in 2015. 'It is pretty much very new, not even one appliance in the kitchen has been used,' Mr Rombotis said. The owners travel a lot and when in residence they enjoyed ordering food from the many eateries nearby, he added. Other features include zoned ducted airconditioning, a downstairs powder room and an upstairs room with a pool table. The building offers a concierge service, an indoor pool, spa, sauna and gym to residents. Mr Rombotis said they had received calls from international-based buyers about the penthouse. 'It would suit a family who are seeking to live in the city or someone wanting a CBD base,' he said. The residence is close to Southbank's dining and retail offerings, Southern Cross train station, the Arts Centre Melbourne and Melbourne's CBD. Expressions of interest close August 8. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: Highett property with jail cell heads to auction Home rules royal kids have to abide by $50,000 Altona land sale as investors play real life Monopoly
Herald Sun
4 days ago
- Business
- Herald Sun
Melbourne: Less listings, rising prices facing home buyers
Melbourne home buyers are facing less choice and a growing risk of imminent price rises after the number of new listings across the city substantially slumped last month. A report released this week shows the amount of new abodes listed in Victoria's capital dropped 14.1 per cent in June, compared to May. While winter starting traditionally leads to fewer homes being put up for sale, there was also a 4.4 per cent decrease in new listings across the 12 months to June. RELATED: Melbourne houses tipped to hit new high by Christmas $3.75m Eaglemont auction shocks buyers Phone bidder from NSW swoops at entry-level Leopold auction And research arm, PropTrack, is expecting 666 across Victoria this week, 19 per cent less than the same time last year. PropTrack senior economist Angus Moore said that having less stock on the market could lead to increased competition and, in turn, support home prices. 'We're expecting to see a couple more rate cuts this year – coupled with the fact Melbourne home prices have been consistently increasing this year for the first time since the RBA started raising rates, that's likely to support vendor confidence,' Mr Moore said. Total Melbourne listings, meaning all homes up for sale, not just new ones, declined 5.8 per cent from June 2024 to June 2025. Plus, PropTrack data last week revealed the city's median house price rose 1.6 per cent to hit $979,979 in June. Industry experts have tipped that Greater Melbourne's median house vale could top seven-figures before December. Victoria also recorded a 66 per cent clearance rate last week. Real Estate Institute of Victoria interim chief executive Jacob Caine said that the state's weekly clearance rates had been incrementally ticking upwards. 'We would attribute that to even though we didn't get an interest-rate cut last week, buyers and sellers are pricing in interest rate cuts to their buying and selling decisions,' Mr Caine said. 'So there's an anticipation of an easing in terms of repayment amounts and interest rates – and as a result, people are starting to demonstrate a little bit more confidence, whether that's from a buying perspective, or from having the confidence to go to the market and sell.' Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: Aussie property hotspots: Where homes sell in days AFL stars Mark and Lachie Hunter's family home sets 2025 record Trump role in Melbourne CBD office market's suburb-sized hole
Mercury
14-07-2025
- Entertainment
- Mercury
AFL fan's dream house with Waverley Park grandstand views for sale
An AFL fan's dream house with views across the iconic Waverley Park grandstand is poised to score a $1m-$1.1m sale. BigginScott's Ming Xu and Jing Chen star in a Hawks-themed online listing video showcasing the four-bedroom home at 60 Waverley Park Drive, Mulgrave. The property also has views of an oval at the Waverley Park complex that served as Hawthorn's base from 2006 until recently. RELATED: Melbourne: Offbeat bullfighter approach boosts home deal Mulgrave: House that Liam Neeson helped to promote in Taken-esque clip sells Brendan Fevola: Ex-Carlton star joins Wayne Carey and Kevin Sheedy in real estate game Ahead of the Hawks' move to a new base in Dingley, the club sold Waverley Park back to the AFL in a deal believed to be worth about $20m, in June. To celebrate the residence's connection to the sporting complex, Mr Xu dons a Hawthorn uniform, runs around the oval and tosses a footy to Ms Chen who is standing on one of the abode's two balconies, in the listing clip. 'I think there are only a few properties around Waverley Park with three levels and oval views,' Mr Xu said. 'Every time Hawthorn do training there are a lot of Hawks fans standing there watching, by owning this property you can sit and watch from your balcony while having coffee.' The clip is not Mr Xu's first foray into creative marketing. In February, he had the listing for a house owned by an assistant director's family who know Hollywood actor Liam Neeson. They recruited the Taken star to voiceover their listing video as a humorous tribute to the hit franchise. And earlier this month, Mr Xu and colleague Eric Liu donned matador and bull costumes to film a clip for a house that has a Spanish Mission-style facade. As a keen Hawthorn supporter, Mr Xu already owned the outfit he needed for the latest video. The Mulgrave house would suit a variety of buyers, he added. 'I think it would be great for a family with one or two kids as there's four bedrooms and multiple living areas, or a couple who enjoy having a healthy and active lifestyle as locals can use the oval when footballers are not training,' he said, The main kitchen is fitted with stone-topped benches, a 900mm Smeg oven and gas stove, Haier dishwasher and an island breakfast bench. Sliding doors open onto a balcony, while an indoor entertainers' area includes a second kitchen with a Goldline gas stove and gas log fire. Upstairs, is a lounge room, study nook and two bedrooms with balcony access, including the main bedroom with a walk-in wardrobe and dual vanity ensuite. Head to the lower level for a terrace and garden with oval views, bathroom and laundry with a walk-in linen press and chute. Other highlights include a powder room, ducted heating and airconditioning and a double garage with internal access. The house will be auctioned at midday on August 2. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: Boxer Sugar Kane Watts selling Melbourne home Melbourne's biggest eyesore listed for sale by China's Wang Hua La Fervance skincare founders list Elwood home for sale
Herald Sun
02-07-2025
- Business
- Herald Sun
Auction pushes Wheelers Hill unit to $813k sale
A two-bedroom unit with a backyard big enough for a barbecue, blitzed its price guide at auction, as four bidders fought it out in Wheelers Hill. The single-level home at 1/187 Jells Rd sold under the hammer for $813,000, with bidding quickly climbing above the listing's quoted range of $770,000-$810,000. Auctioneer Robert Cincotta took fast-paced offers from four competing buyers before selling under the hammer to an older couple, whose daughter helped them secure the keys. RELATED: Why Sydney buyers are flocking to Melb Tragic side of Aus housing crisis exposed Sales halved: Vic's grim list revealed Ray White Ferntree Gully's Cristine Jones said she had a lot of young families and downsizers throughout the campaign. 'It was the buyers' daughter who helped them bid,' Ms Jones said. 'It turned out I'd actually sold a home to her previously, so they knew the area well and wanted to be close.' Set at the front of a boutique complex, the home offered a 268sq m block with an oversized covered deck, grassed yard and ceiling fan, features that made it stand out from most units in the area. The home had last sold in December 2020, and while the capital gain was modest, Saturday's auction drew a strong crowd and signalled continued momentum in Melbourne's southeast. Seller Warren Taylor, who also sold a previous home with the Ms Jones, said the result was 'very, very pleasing'. 'I enjoyed the access to all the facilities, it's opposite the shopping centre and the library. Everything's within walking distance,' Mr Taylor said. 'We're thrilled with how it all went.' Inside, the home included an updated kitchen with stone benchtops and Miele appliances, polished timber floors, ducted heating, refrigerated cooling and a single-car garage with internal access. The result adds to a string of solid winter sales in Melbourne's southeast, as buyers move early ahead of a widely anticipated rate cut next week. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: James Packer's new deal at Melbourne supermarket site Inside 'Hospitality Yoda's luxe Melb home Tragic side of Aus housing crisis exposed
Herald Sun
01-07-2025
- Business
- Herald Sun
Renovated Frankston North home sells for $852k
A string of knockout bids and a roaring crowd helped this Frankston North fixer-upper fly to $852,000 under the hammer, but most bidders never stood a chance. More than 130 people lined the street at 28 Jenkens St as the three-bedroom home, with a $645,000-$709,500 range, shot past its price guide from the very first bid and left all but a handful of hopefuls behind. The eventual buyers, a just-engaged Australian-Sri Lankan couple were among 12 registered bidders but emerged victorious after a string of aggressive offers cleared out the field. RELATED: Auction twist as newcomers seize Greenvale keys Why buyers are back in big numbers Glenroy couple's $60k surprise payday OBrien Real Estate Frankston director Mark Burke said the auction was 'just electric'. 'The street was completely packed, cars trying to get through, neighbours out, buyers lined up, and a coffee van adding to the buzz,' Mr Burke said. 'It felt like a real event. I've not seen that kind of energy since the last boom, and that was 2022.' Mr Burke said the home's appeal came down to a perfect storm of quality renovations, secure gated frontage, and a prime street that was about 80 per cent owner-occupied. Sellers Michael and Molly styled the home themselves while living in it. 'Kitchens, bathrooms, presentation, it was all spot on,' Mr Burke said. 'They were over the moon with the result, honestly pinching themselves.' Ni Advocacy director and buyers agent Kevin Ni also attended the auction and initially tried to buy the home for a client, but pulled back once bidding hit the $800,000 mark. 'We had priced it around $760,000-$790,000 based on comparable sales, but it absolutely smashed expectations,' Mr Ni said. 'This shows that if a home presents beautifully and has strong street appeal, people — especially first-home buyers — will stretch to secure it.' According to property records, Mr Burke already set the Frankston North suburb record earlier this year with a four-bedroom home at 10-11 Timbertop Ave, which sold for $950,500 in April. Mr Ni said demand in the suburb had lifted thanks to low stock levels, rising confidence, and interest from buyers priced out of neighbouring Frankston. 'Frankston North has historically underperformed, but we're now seeing momentum, especially with proximity to the beach, gentrification, and improved amenities around the hospital precinct,' he said. Mr Burke estimated parts of Frankston North had surged 27 to 30 per cent in the past year, some of the sharpest growth he'd seen in decades. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: James Packer's new deal at Melbourne supermarket site Inside 'Hospitality Yoda's luxe Melb home Tragic side of Aus housing crisis exposed
