Frankston South

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A Frankston South apartment block covered in flammable cladding is such a fire risk that a security guard has been posted out the front to prevent any arson attack.
The owners of the <a href="https://www.realestate.com.au/property/unit-5-5-culcairn-dr-frankston-south-vic-3199" target="_blank">flats</a> have been told by the Victorian Building Authority the cladding will have to be removed immediately.
There is an estimated $400,000 cost including fixing cracking, damp, leaking roofs and mould.
The opposition planning spokesman Tim Smith has raised the matter in State Parliament.
The VBA has declined to reveal the locations of buildings, most of which are privately owned, that have flammable cladding for fear of arson attacks.
A cladding audit ordered by Planning Minister Richard Wynne reviewed more than 2000 building and identified 44 private buildings among the “highest risk” of fire.
The cladding issue across Melbourne was sparked by London's deadly Grenfell Tower fire in 2017.
There was a blaze at the Lacrosse building in Melbourne Docklands and earlier this month a fire at Spencer Street’s Becton-built Neo200 apartments.
The Age reported the 33 owners of a block of apartments received an emergency order issued by Frankston City Council.
“We can’t afford this, people are going to lose their homes,” said Craig Fitch, chairman of Summardai Apartments’ Owners Corporation.
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Frankston South apartments caught up in Melbourne's cladding crisis

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Yamala, the sprawling hillside estate set high above Daveys Bay Beach at Frankston South, has been listed for sale.
The <a href="https://www.realestate.com.au/property-house-vic-frankston+south-130121570" target="_blank">19th century built stately English-style manor</a> is steeped in history, having previously been the country retreat of Sir John Madden, former Chief Justice and lieutenant-governor of Victoria.
It has been offered by Robin Grainger, the UK-born who inherited the title of Lord of the Manor of Loxton via his mother. His title was a feudal title that goes with ownership of a plot of land in Somerset in the UK.
Yamala dates back to 1854 when William Woolley acquired 42 hectares of land overlooking the beach. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/20/YAM2.jpg" alt="">
He built a smaller four bedroom house in the 1870s before selling not long after to Madden, who was based in the mansion Cloyne in St Kilda.
The Maddens, who extensively extended the Woolley house, sold the 13 hectare property to restaurateur A.J Lucas for £16,100 after Sir John's death.
Built of solid stone, the mansion has 17 rooms. There are six bedrooms, a study, self-contained former servants' quarters, a sunken drawing room with pressed leather wallpaper a bar built in the early 1900's to replicate London's Savoy Hotel.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/20/YAM4.jpg" alt="">
The entrance pillars and landscaping is the work of architect Walter Burley Griffin, who undertook a makeover in the late 1920s.
In the grounds is a renovated Roman-style saltwater, solar-heated swimming pool and spa, accompanied by a limestone poolhouse. A path leads directly from the home through the gardens to Daveys Bay Beach.
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The initials of each of the former owners are inscribed on a stained glass window on the ground floor.
Yamala has a $5.3 million to $5.83 million guide. It last traded for $2.9 million in 2012.
Harcourts Mount Eliza agents Jayme Wallison and Ben Crowder are marketing the home in conjunction with Community Real Estate.
 
 
 
 
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jrobinson-rf4aSBido9

Frankston South landmark Yamala, set above Daveys Bay Beach, hits the market

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The longtime home of the boxing legend Johnny Famechon at Frankston South sold before its scheduled weekend auction.
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The boxing hall of fame inductee’s home (top) came <a id="x_mcntLPlnk84713" href="https://www.realestateview.com.au/real-estate/9-wandana-crt-frankston-south-vic/property-details-sold-residential-11910624/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">with $1.2 million to $1.3 million price hopes</a>.
A nearby Mount Eliza buyer put in a strong offer to snap it up on Friday.
It was built in the 1970s with Mediterranean touches, as a family home after Famechon had been crowned world featherweight champ in 1969.
He was inducted in the Australian National Boxing Hall of Fame in 2003, having recorded 56 wins, six draws and five losses over his impressive 20-year career.
There were only a few traces of photographic memorabilia hanging on the walls dating back to the triumphs of the 73-year-old who has been immortalised in a statue at Frankston’s Ballam Park.
Famechon had custom built the four bedroom home on the 2809sq m property, with a pool and tennis court.
Meanwhile the AFL Richmond star Alex Rance sold his Niche, Richmond investment apartment (below.)
The two bedroom pad at 606/120 Palmer Street fetched $678,000, after being announced on the market at $672,000.
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Three bidders competed for <a id="x_mcntLPlnk481375" href="https://www.realestateview.com.au/real-estate/606-120-palmer-street-richmond-vic/property-details-sold-residential-11917587/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">the apartment</a> which Rance bought to liver in after his debut season for $675,000 off the plan in 2009.  
<div>The top floor apartment, with two balconies with district views, had recently been a $580 a week rental.</div>
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<div>The price guidance quoted had been $620,000 to $680,000.</div>
The slow down in offerings continued deeper into winter and school holidays, with a total of 1,400 auctions held across the capital cities, down from the prior week when 1,671 auctions took place.
CoreLogic calculated a preliminary auction clearance of 55.9 per cent, which was up on the previous week’s 52.6 per cent final clearance rate.
"The weighted average has remained within the mid-50 per cent range for each of the last 8 weeks, while one year ago 65 to 70 per cent of homes were selling," CoreLogic auction analyst Kevin Brogan said.
"Although the capital city weighted average is substantially lower than a year ago, auction results are holding stronger relative to the 2010-2012 downturn in home values when the capital city clearance rate held below 50 per cent between mid- 2011 and early 2012," he added.
There were 632 Melbourne homes taken to auction, returning a preliminary clearance rate of 58.2 percent. Last week, 791 auctions were held across Melbourne with a lower 57.2 per cent success rate.
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Melbourne's most expensive result was on <a id="x_mcntLPlnk760746" href="https://www.realestateview.com.au/real-estate/124-stanhope-street-malvern-vic/property-details-sold-residential-11906893/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Stanhope Street, Malvern</a> when a Shanghai buyer paid $2.74 million for a four bedroom home (below).
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The classic 1893 Victorian period home, Hye House had been expected to sell for between $2.6 and $2.8 million.
It last sold at $1,115,000 in 2005.
In Sydney, 55.1 per cent of properties sold, up from last week when final result saw less than half of Sydney homes successful at auction at just 49.7 per cent.
Click here <a href="https://www.propertyobserver.com.au/images/2018/7/9/Cap-Cities-July-9.jpg" target="_blank">to enlarge.</a>
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There were fewer Sydney auctions held this week compared to last, with 544 homes taken to market down from the 634 auctions last week as of final figures.
The highest Sydney weekend sale was <a id="x_mcntLPlnk86675" href="https://www.realestate.com.au/sold/property-house-nsw-cronulla-128615330" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">11 Darook Park Road, Cronulla</a>, a likely knockdown home, which sold for $5.8 million.  The four bedroom, three house on Gunnamatta Bay had last sold in 2013 for $3.8 million and $3.2 million in 2008.
Some five of the 11 registered bidders competed for the beachfront on over 1000 sqm. It was the seventh sale on the road above $5 million over the past decade.
Canberra returned the strongest preliminary clearance rate of 64.7 per cent while only 30.8 per cent of homes sold in Perth.
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jchancellor-FAypfDUnLy

Johnny Famechon's Frankston South House sells pre-auction

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The boxing legend Johnny Famechon is downsizing from the Frankston South home he built more than four decades ago.
The double-storey, four bedroom house sits on a 2809sq m block with a pool and tennis court.
It has a price guide of $1,195,000 to $1,314,500 for its July 7 auction.
UFirst Mornington director Juan Merchan has the listing with former AFL player-turned-real estate agent Jarrad Grant.
It was built in the 1970s with Mediterranean touches, as a family home for former world featherweight boxing champion.
Famechon had been crowned world featherweight champ in 1969.
He was inducted in the Australian National Boxing Hall of Fame in 2003, having recorded 56 wins, six draws and five losses over his impressive 20-year career.
The 73-year-old was recently immortalised in a statue at Frankston’s Ballam Park.
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