Kew edges Elsternwick with weekend top sale with Brighton bypassed
Moyvane, a $5.1 million Kew property was the weekend's top sale.
Melbourne's second most expensive weekend property sold was a five-bedroom Elsternwick house, Lurgancanty, which sold for $5 million.
Moyvane, a grand five-bedroom 1895 Victorian Era residence sits on a 2,648-square-metre holding directly opposite Yarra Bend Park.
It was offered for the first time in more than eight decades through Jellis Craig agent Geordie Dixon.
There was a $4 million opening bid with three competing for the Walmer Street offering which was announced on the market at $4.8 million.
Lurgancanty is set on 2,200 square metres, with a pool and separate staff quarters at 59 Allison Road.
It sold through Bill Stavrakis at the Biggin Scott agency.
Brighton had 28 scheduled auction with 24 results provided to the REIV with $2.05 million the highest recorded sale. There were five higher passed in results.
Melbourne's Bayside saw a lower clearance rate of 55% this weekend, a bit of a disappointment contrasting with the strong results in areas like Boroondara and Stonnington, according to James Buyer Advocates.
"Brighton in particular saw a number of pass-ins with no bidders at all," their weekend auction report said.
These included 1a Wellington Street, which passed in at $2,800,000, 37 Drake Street at $3,375,000, and 27 Normamby Street at $2,250,000.
"Even so, Bayside has seen a sale over $3 million almost every week so far this year.
"And more new ‘top end’ stock is becoming available.
It includes Blair Athol (pictured below), at 5 Leslie Grove, Brighton, which is back on the market after selling for $8 million on late 2009 to the Horne family.
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Note: the above pictures are from a previous marketing campaign by Kay & Burton.
Its been listed with Nick Johnstone Real Estate, with a tender process commencing after Easter.
Set on 3,372 square metres, with pool and tennis court, its a property steeped in history with gardens originally designed by Edna Walling.
Its previous owners include Craig Kimberley of Just Jeans fame who sold it to the Tabcorp and Southcorp chief executive officer Ross Wilson in 1994 for $2.95 million, soon after relocating to Melbourne from Adelaide.
