property
Highest Sale of the Month at $2.95 Million Sets Comparable Benchmark for Hawthorn Buyers
The June 22 transaction on Burwood Road has already shifted asking prices on three nearby streets as agents recalibrate listings before the next auction round.
How we reported this
A four-bedroom house at 28 Burwood Road sold for $2.95 million under the hammer on 22 June, the highest price recorded in Hawthorn this month.
The result stands out because clearance rates have remained steady at 68 percent across the past four auction weekends, even as global supply-chain tensions and energy-price swings filter into local buyer sentiment.
Agents report fresh interest in listings within walking distance of the Hawthorn Library on Glenferrie Road and the community programs run from Hawthorn Town Hall, where two comparable four-bedroom homes have now been listed at $2.75 million and $2.85 million.
Domain Group data for Hawthorn shows the median house price reached $1.72 million in April; the Burwood Road sale therefore sits 71 percent above that median and 14 percent above the previous monthly high of $2.58 million set on 11 May.
Flow-on Effects on Adjacent Streets
Within 48 hours of the 28 Burwood Road result, two vendors on Wattle Road and one on Riversdale Road instructed agents to lift reserve prices by between $80,000 and $120,000. One property at 14 Wattle Road, a three-bedroom Victorian, now carries an auction guide of $2.4 million after last week’s $2.25 million estimate.
Clearance data from the Hawthorn Real Estate Association shows that streets within 400 metres of Burwood Road achieved an 81 percent clearance rate last weekend, nine points above the suburb average.
Practical Steps Before the Next Auction Cycle
Sellers planning to list before the 20 July auction round are being advised to obtain fresh comparable-sales reports from the Hawthorn Real Estate Association and to inspect recent results at the Central Gardens pavilion, where weekly inspection registers are posted every Monday. Buyers are urged to pre-arrange finance limits that factor in the new $2.95 million ceiling before bidding on any four-bedroom property in the same pocket.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.