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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Superstar agent targets $23m sale for Toorak ‘trophy’ home

By Nick Bendel
26 November 2014 | 1 minute read

One of Australia’s top agents will come close to writing $300 million of business this year if he can offload a lavish estate in Melbourne.

Marshall White Toorak director Marcus Chiminello is handling the sale of a 5,500 square metre property in Toorak owned by prominent Melbourne couple Norman and Tania Smorgon.

The property (pictured below), at 750 Orrong Road, includes six bedrooms, seven bathrooms, a pool and self-contained pool house, as well as a sauna, cellar, gymnasium and home theatre, Mr Chiminello said.

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“It’s certainly a trophy home in Toorak eyes and Melbourne eyes, and perhaps the nation’s eyes,” he told Real Estate Business.

“The entirety of the package is very appealing to anyone who is looking to spend upwards of $20 million.”

Expressions of interest are due by December 10. Mr Chiminello said he had received three strong inquiries, and that any sale would definitely exceed $20 million.

“We’d love to think it will reach the heights of $21 million, $22 million, or possibly $23 million,” he said. “Where we sit today, I think there’s a great amount of interest between $20 million and $21 million, but in the absence of offers, it’s always difficult to pinpoint.”

While an average Toorak home would be on the market for 23 or 24 days, a property like the Smorgon estate could take several months or even a year to sell, he said.

Mr Chiminello finished third in Real Estate Business’ Top 100 Sales Agents 2014 Rankings after booking $193.3 million of sales in 2013/2014.

He said he had already written $255 million of business in 2014 – including a sale in early November of about $16 million for a property less than one kilometre from the Smorgon estate.

“For between $5 million and $15 million – and particularly between $5 million and $10 million – that market has been busy this calendar year,” he said.

Source: Marshall White Toorak

Source: Marshall White Toorak

Source: Marshall White Toorak

Source: Marshall White Toorak

Source: Marshall White Toorak

Source: Marshall White Toorak

Superstar agent targets $23m sale for Toorak ‘trophy’ home
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.