Anton Zhouk

Boroondara Market Update March Edition 2020 A Z 130 Auburn Road Hawthorn 3122 9815 1124 antonz@antonzhouk.com.au antonzhouk.com.au Anton Zhouk 0430 224 438 Your local agent. A well-deserved result for our clients for building one of the most incredible architecturally designed homes in the Scotch Hill precinct. We had a terrific response with a large number of families wanting to take a tour inside this amazing home, however the property was sold only days before our first scheduled open house. A private viewing by one interested party led to the sale of 76 Illawarra Road within 5 days of the property being launched on the market, selling for a record price. A Record Result for One of Our Clients 76 Illawarra Road, Hawthorn Local Market Update So far, the first quarter of 2020 has continued to be strong with the number of buyers at open homes still considerably higher than this time last year; additionally prices and clearance rates are currently holding up well at 72.1% across Camberwell, Hawthorn, Hawthorn East & Kew. Of course, there is a lot of talk and concern about the spread of the virus and concerns of what affect this will have not only on our wellbeing, but the property market and the overall economy. The average number of groups attending open homes has dropped approximately 15% from mid-February through to the week of 8th March, however we are unsure how much of this is due to the virus. Owners are certainly not shying away from selling and genuine buyers are certainly not holding back. Most buyers are thinking long-term and are mindful of the low borrowing costs. In the coming weeks if numbers at open homes drop further, agents may start conducting more private viewings and potentially shift to conducting more private auctions/private sales in the shorter term. If you are considering making a move and require any advice about your home, investment property or current market conditions please feel free to contact me anytime. SOLD. Jan-Mar Oct-Dec Jul-Sept Apr-Jun Camberwell Hawthorn Hawthorn East Kew Past 12 Months Avg Land Value Per m2 $2.49k $2.80k $3.12k $3.05k $3.45k $4.07k $4.38k $4.54k $3.09k $3.58k $3.97k $3.93k $2.92k $3.36k $3.80k $3.31k