No sale for Hawthorn trophy home

Jonathan ChancellorMarch 13, 20160 min read

A Victorian era Hawthorn home at 5 Yarra Street was passed in on a $4.4 million vendor bid, after the one buyer bid at $4.35 million at weekend auction.

It had sold in spring 2014 at $4.36 million, suggesting little if any price growth. 

The three bedroom home is set within Hawthorn's prestigious St James Park precinct.

The grand Victorian residence comes with contemporary rear extension on its 920 sqm block.  

Only 414 Melbourne auctions were held given the holiday long weekend with the 70 percent success rate, a slight decrease on the 72 percent last week. 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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