Looking to buy a home in Stonnington, Port Phillip or Bayside?

Infolio specialises in key areas across Melbourne, where our robust real estate network and market expertise are unparalleled. These regions span the Mornington Peninsula and Melbourne’s inner southeast to the inner West, Geelong and Central Victoria.

Amidst escalating competition in Melbourne’s blue-chip inner areas, demand for our core locales like Stonnington, Port Phillip, and Bayside has surged. In this market insight article, we’ll explore these areas, delving into the current real estate dynamics and showcasing our recent client acquisitions.

Port Phillip

Who could resist the allure of Elwood’s leafy streets or the captivating beachside charm of Albert Park? Navigating this sought-after locale has its challenges; with predominantly small blocks and a clientele often seeking larger land parcels, finding suitable properties can be challenging.

Throughout the year, we’ve encountered instances where the stock online for Elwood or Albert Park has been scarce, if not nonexistent. In response, we’ve needed to pursue opportunities beyond those advertised online.

One recent success story involves the purchase of a beautifully renovated Victorian on Richardson Street in Albert Park. The buyers, a couple relocating from Williamstown to be closer to their adult children, were looking for something unique and spacious. We were introduced to this property through one of our local real estate connections, as it was being discreetly marketed off-market. Upon viewing the property, we knew it was the perfect fit for our client. After inspecting just two properties together, the clients were captivated by this one and swiftly decided to purchase it.

Stonnington

From the lively Armadale and South Yarra to the family-friendly streets of Malvern and Toorak, Stonnington holds immense appeal for many of our family-oriented and professional couple clients, prized for its premium access to esteemed schools, as well as its abundant retail and public transport conveniences. However, the beginning of 2024 has unveiled an intriguing market dynamic, characterised by vendors holding firm to high price expectations while buyers are hesitant to meet their demands. Consequently, there’s been a slowdown in activity, with buyers waiting for new listings to come online before putting their own properties on the market—a classic case of the chicken and egg dilemma, resulting in a scarcity of quality listings.

Swift action is imperative when a promising property surfaces at a reasonable price in Stonnington. Recently, we secured a particularly exceptional property in Prahran—a grand historical home—listed for auction online. Recognising its rarity, we wasted no time. Our clients, two busy doctors seeking a spacious and distinctive forever home in a vibrant, well-connected locale, had entrusted us with their search. Leveraging our close rapport with the selling agent, we gained valuable insights into the vendor’s expectations, enabling us to secure the property for our clients through a pre-auction offer.

Bayside

The picturesque inner Bayside region, encompassing the inviting beaches and bustling shops of Brighton and Hampton, as well as the serene parks of Brighton East and Elsternwick, epitomises the ideal work-life balance. Despite some properties appearing online in the area, the A-grade ones tend to be swiftly snapped up before auctions even commence. With a surplus of buyers on our roster and a scarcity of quality listings, we frequently rely on our extensive network of real estate agents in the area to unearth off-market gems.

Competition for A-grade family homes in the area is fierce, leading to a rise in off-market transactions and pre-auction offers. This trend is particularly pronounced this year, evidenced by our acquisition of three properties off-market in a single street, Canberra Grove, in Brighton East. The most recent purchase was secured for our longstanding clients, for whom we’ve provided vendor advocacy services on multiple occasions and facilitated the purchase of three homes.

Contact us.

Are you seeking a home in Stonnington, Port Phillip, or Bayside? Reach out to us today and discover how our area specialists can provide comprehensive insights into the entire market, ensuring you confidently secure your dream home.