The Melbourne Preview May 2014 by Eview Group

THE MELBOURNE

eview.com.au |

ISSUE 23

KING SOLIMAN - GOING FOR A WORLD CROWN ARCHITECTURE’S PLAYFUL GEOMETRY THE YARRA - THE HEART AND HISTORY OF MELBOURNE MELBOURNE QUARTERLY MEDIAN PRICE GUIDE

Welcome... “MAGIC MILLION” SUBURBS SPREAD THROUGHOUT MELBOURNE

pr vi w THE MELBOURNE

Web: eview.com.au Eview Real Estate Partners Chelsea 436 Nepean Hwy, Chelsea, 3196 Rentals: Sales: Phone: 8773 1888 Phone: 8773 1888 Fax: 9772 0198 Fax: 9772 0198 Email:

chelsea@eview.com.au

Eview Real Estate Partners Frankston 463 Nepean Hwy, Frankston, 3199 Rentals: Sales: Phone: 8781 3877 Phone: 8781 3888 Fax: 8781 3834 Fax: 9781 1547 Email:

frankston@eview.com.au

Email:

rentals@eview.com.au

Eview Real Estate Partners Narre Warren Building 2, Ground Level 30-32 Verdun Drv, Narre Warren, 3805 Sales: Rentals: Phone: 8794 1200 Phone: 8794 1200 Fax: 8794 1222 Fax: 8794 1222 Email:

narrewarren@eview.com.au

Email:

narrewarrenrentals@eview.com.au

Eview Real Estate Partners Southern Peninsula 171 Point Nepean Rd, Dromana, 3936 Sales: Rentals: Phone: 5987 1444 Phone: 5987 1444 Fax: 5987 0955 Fax: 5987 0955 Email:

southernpeninsula@eview.com.au

Email:

In the first three months of this year two more Melbourne suburbs joined the ranks of million dollar suburbs, with 52 suburbs now having a median house price of more than $1 million. Bentleigh topped the $1 million mark for the first time with a median price of $1,050,000, up from $995,000. Templestowe also became a million dollar suburb, with a $1,033,000 median compared to $964,000 in the December quarter. The city’s most expensive suburb remains Toorak, with a median house price of $2,430,000 – down from $2,875,000 in the last quarter. Last quarter its median was boosted by a number of sales worth more than $3 million. In second place was Kew, with a $1,944,000 median, up from $1,700,000. With house prices across the city continuing to grow, the number of suburbs with a median price of more than $1.5 million was also up on the final three months of 2013. Fifteen suburbs had a median of more than $1.5 million and two topped the $2 million mark. Surrey Hills was new to the list of $1.5 million-plus suburbs in Melbourne, with an 11.4 percent rise in the past three months lifting the suburb to a median price of $1,551,000. City house prices continue to grow in the first quarter of the year, although not at the same rate as in the final months of last year. The city’s overall median house price of $652,500 was up 3.7 percent on the December 2013 quarter. This was more moderate than the 5.3 percent growth in the December quarter and 9.1 percent in the September quarter last year. A number of the city’s big-name, leafy eastern and bayside suburbs are, unsurprisingly, among its most expensive – Balwyn, Balwyn North, Surrey Hills, Toorak, Camberwell, Brighton and Brighton East, for example. The quarter’s median prices also revealed some extremely affordable suburbs in the city’s west and

south east, with some of those median prices actually lower than in the December quarter. In Melton West the median price was $290,000 and in Cranbourne it was $313,750, both up just 1.2 percent on the previous quarter. In Werribee the median price of $315,000 remained the same as in the final three months of last year. Although rising house prices place pressure on affordability, with interest rates still at record lows these low median prices reveal that if homebuyers are willing to be flexible about where they buy to get a foot on the property ladder, there are still bargains to be had. Enzo Raimondo CEO, REIV

ODDABODES

southernpeninsulaentals@eview.com.au

Eview Real Estate Partners Werribee Suite 11/2-14 Station Place, Werribee, 3030 Rentals: Sales: Phone: 9749 8008 Phone: 9749 8008 Fax: 9749 8002 Fax: 9749 8002 Email:

bryan.hanson@eview.com.au

Email:

werribee@eview.com.au

Eview Real Estate Partners Mornington 176 Main Street, Mornington, 3931 Rentals: Sales: Phone: 5971 0300 Phone: 5971 0300 Email:

jarrod.carmen@eview.com.au

Eview Real Estate Partners Yarra Valley 272 Maroondah Highway, Healesville, 3777 Rentals: Sales: Phone: 5962 1053 Phone: 5962 1053 Email:

yarravalley@eview.com.au

Email:

yarravalley@eview.com.au

Eview Real Estate Partners Melbourne Level 14/380 St Kilda Road, Melbourne, 3000 Rentals: Sales: Phone: 1300 438 439 Phone: 1300 438 439 Email:

melbourne@eview.com.au

Email:

melbourne@eview.com.au

Eview Real Estate Partners, Melton - Nichols/Mills Suite 10 Shop 3 Alexandra Street, Melton. 3337 Sales: Phone: Marc Mills 0421 395 555

Korowai tribe tree houses

Disclaimer: Eview Real Estate Partners nor any companies of the Eview group accept any form of liability, be it contractual, tortious or otherwise, for the contents of this publication or for any consequences arising from its use or any reliance placed upon it. The information, opinions and advice contained within, are of a general nature only and may not relate to or be relevant to your particular circumstances. There are many issues involved with buying and selling real estate so it is important that you get specific advice prior to making any decisions on your next real estate transaction. All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracty and interested persons should rely on their own enquiries. Should your home be exclusively listed with another agency, please disregard any information contained within regarding the engagement of Eview Real Estate Partners to sell your property.

Circulation: 45,000 Cover: Melbourne across the Yarra. Picture: Andrew Hurst

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REAL ESTATE PARTNERS

The Melbourne Preview

Issue 23

Regular readers of this section would know we focus on unique architecture from various corners of the globe. In this edition we have decided to explore the incredible towering tree homes built by the people of the Korowai tribe, who live deep in the jungle near Yaniruma, Papua, Indonesia. The Korowai clans build this distinctive high architecture in order to protect their families from swarming mosquitos, attacks from neighbouring clans and evil spirits.

The homes can be built as high as 35 metres above the ground, although most are typically between 8-12 metres high. The Korowai people construct the homes in the jungle, clearing the area around a large Banyan or Wanbom tree, which is used as the main pole. Smaller poles are attached to the corners of the house for additional support. The floor is constructed first, then the walls and a roof of Sago tree are added, bound together with raffia. The flooring must be quite strong as the tree houses often accommodate as many as a dozen family members.

Whole family groups, along with pets and other domestic animals, live together in one tree house. The larger homes have separate living spaces for the men and women of the family, as well as separate fire pits, and sometimes stairs. Often the Korowai people climb up into the homes via a single notched pole which serves as a ladder. Fire is the biggest danger to tree-dwellers, so the fire pits are specially designed with cut-away floor sections. Even without going up in flames, the houses only last about five years.

A MESSAGE FROM THE DIRECTORS Dear reader, Welcome to the 23rd edition of The Melbourne Preview. With Easter and the federal budget now behind us, the middle of the year is looming (tax time!) and it feels like Christmas was only last month. Where has the time gone? Perhaps time has flown because the real estate market has been powering along in overdrive. Both our independent virtual agents and office-based members have enjoyed successive record months here at Eview Real Estate Partners. Our efforts have not gone unnoticed. Eview Frankston and Eview Narre Warren offices have been recognised as two of Australia’s top 50 real estate sales offices in a report published by Real Estate Business Online. The ‘2014 Real Estate Business Top 50 Sales Offices benchmark report’ ranked Eview Frankston in 27th place and Eview Narre Warren in 35th place according to sales data and business metrics. It’s a highly sought-after industry accolade, so I’d like to congratulate all the Eview

team members who have contributed to this success. Eview Frankston staff have now been included in this ranking for two years running, establishing a strong precedent in achieving outstanding results for their clients and setting a standard to which their industry peers can hope to aspire. It’s also worth noting that Frankston and Narre Warren were two of only ten Victorian offices included in this ranking, which is certainly worth celebrating! What’s also worth celebrating is the current state of the property market. Looking behind the numbers, we can assume that the sustained record low interest rates, increased new building approvals and change in overall consumer sentiment is fuelling the market. On the ground, we have experienced numerous multiple offer situations on private treaty sales and numerous bidders at auctions, pushing sale prices well beyond reserves. There is no end in sight to the high demand. It’s evident there is simply not enough stock to satisfy consumer demand.

This appears to be occurring all over Melbourne and Sydney. Quarterly and yearly median gains are strong for most areas. We are about to enter the winter phase where traditionally home sales in past years tend to sometimes taper. All things being even, I think this year may be a little different and we could see a firm run right through to spring. House prices are likely to hold or even continue to increase in value, with strong demand outweighing the low number of available homes. Wintertime, as Melbournians look forward to their favourite pastimes, footy and trips to the snowfields, could be an opportune time to sell. On behalf of the team I hope you enjoy this edition of The Melbourne Preview. It gives us great pleasure to bring you an informative publication for the Melbourne community. As always, if you need any real estate advice, please feel free to contact one of our award-winning team. They are eager to help you in any capacity. Have a wonderful winter. Manos Findikakis CEO

MARKET WATCH...

Another week,another record broken! March, April & May eview sales data shows a very fast moving Melbourne property market and some fantastic results. Area experts have this to say...

Maria Findikakis – Melbourne Metro collectively The activity around Melbourne’s inner & south east real estate corridor market is electric at present. Auctions handled by some of our members have witnessed sales prices 10 -20% over the expected reserve with multiple buyers bidding to acquire property where shortages clearly exist. Even properties favouring the private sale method are experiencing large numbers of traffic in the opening campaign days & reduced days-on-market generally with higher than expected outcomes. With apparent house prices continually edging higher and the typical low autumn/ winter supply looming, prospective vendors should feel encouraged before the spring saturation of homes.

Paul Duff – Special Projects Division Melbourne’s residential development sector remains relatively robust as we approach the end of the financial year. Interestingly too, in some suburbs this year, we’ve actually witnessed the median price of units & apartments overtaking some traditional suburban median house prices. With the exception of Melbourne’s inner ring, there still exists an acute lack of dwellings. However with strong ongoing buyer demand for apartment & medium density living, coupled with some very impressive rental/income yields on offer, these are very favourable times for investors. For further market analysis, please see my editorial on Eview Special Projects Division on page nine.

Noel Susay – Chelsea

Arthur Proios – Frankston

Jarrod Carman – Mornington

Jim Arvanitakis – Narre Warren

Home prices have surged in March in a sign that the boom in the property market is continuing after a pause in February, just days after the Reserve Bank warned borrowers and banks against property speculation.

Traditionally, March & April have always been ripe for both sellers and buyers alike. The autumn market brings with it a pre-winter push, so sellers have this window of opportunity to present their homes to cashed up buyers. Locally, our market saw no difference, with excellent sales results across the whole Frankston LGA area. The Frankston CAD was best represented with huge numbers of buyers through open home inspections, sellers once again having the upper hand when it’s time to negotiate. The higher end of our market also enjoyed consistent sales across this period and, coupled with limited supply, premium prices are always assured.

The Mornington market has showed continued signs of buoyancy over the last couple of months with many properties selling within two weeks of first being advertised and in excess of the advertised range. These results have been achieved through private sales yet there have also been some fantastic auction results lately highlighting that buyer numbers have been solid.

It’s been a reflective quarter in the south east with strong results in all sectors.

Prices surged by 2.3 percent last month over Australia’s eight capital cities to take the total growth for the first quarter to 3.5 percent. Eview Chelsea is still seeing a massive shortage in homes at all levels and with the surging buyer demand there has never been a better time to talk to us about what your home may be worth.

Eview Mornington has been building momentum and is growing in numbers of staff and gaining market share. With a new office in sight we are set for very exciting times ahead. Watch this space!

Stuart Aldridge – Healesville

The big surprise was demand for high end properties, in particular acreage Two small acreage properties were reported as selling for over two million dollars: one was located in Narre Warren North the other in Berwick. Also 89% of all sales were free-standing houses with the balance of 11% comprising of units and townhouse. The south east is proving to be a strong performer not only in new house and land sales but also with established homes ranging anywhere from two year old homes ready to move into, to 25 year old homes needing some rejuvenation. Talk to us for any needs buying or selling.

The Melbourne Preview

The March quarter was very positive for the first half but then slowed over the remainder. Stock levels dried up due to the increased sales demand driving the first half and it is only now that we have managed to secure a reasonable number of properties to present to market. As we head into May buyer activity is becoming more apparent again and we are all set up for a fantastic autumn and winter market in Healesville and the Yarra Valley.

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ELEGANCE AND OPULENCE

A landmark Mt Eliza home of elegance, opulence and sophistication, set on 3/4 of an acre of lush meticulously landscaped garden with Port Phillip Bay views. This gorgeous Chateaux-styled home is meticulously built and presented and is a perfect execution in style. Featuring a grand salon with polished timber floors, tall ceilings, wood burning fireplace with ornate marble mantel and french doors flowing to the terrace. A lavish formal dining room with crystal chandelier leads to the beautiful kitchen with timber cabinets, walk-in-pantry, double oven, gas and electric cooktop. The kitchen adjoins the informal dining and lounge room with cathedral ceiling and stunning outlook to the garden and bay views. The master suite is a pure delight and sectioned perfectly from the main dwelling to allow peace and calm. The study is tucked near the main bedroom and set away from the living rooms to allow focus. The childrenâ&#x20AC;&#x2122;s or guest wing has three bedrooms, two with bay views through mature trees. The main bathroom is zoned perfectly for access from the bedrooms and has a full sized bath and marble finishes. There are also two powder rooms for convenience. This magnificent home balances the look of old world with the new, having hydronic heating, ducted vacuum, zoned cooling, alarm system and four car remote garage. The elegance and tranquillity of this amazing home is accentuated by the rear terraced area with bay views and gorgeous compartmentalised manicured garden that facilitates peace and calm. Set behind remote iron gates and secure stone wall allowing security and privacy and located in Mt Elizaâ&#x20AC;&#x2122;s golden mile, within walking distance to the beach, this stunning home represents a rare opportunity. If only the best will do then this is the home for you! Book your confidential private tour today. The property is located at 21 Watts Pde, Mount Eliza. To find out more about this property, call Jarrod Carman on 0423 144 102.

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The Melbourne Preview

Issue 23

INSIDEVIEW - WITH MARIA FINDIKAKIS THE EVIEW ADVANTAGE By Maria Findikakis I’m delighted to be able to share with you some news of a recent success: our Eview Frankston and Eview Narre Warren offices have been recognised as two of Australia’s top 50 real estate sales offices! The ‘2014 Real Estate Business Top 50 Sales Offices benchmark report’ ranks real estate sales offices across Australia according to a range of 2012-2013 financial year business metrics, including sales volumes, efficiencies and conversion ratio. This means our Eview Frankston and Eview Narre Warren offices are two of the most effective and productive in the nation! We’re thrilled. I’d like to thank all our staff who have contributed to this significant honour. Your hard work, enthusiasm and dedication is one of the reasons I love my job. I also think this is a fantastic opportunity to reach out to those who may wish to join our team and be a part of our future success. So please read on if you’re in real estate, or would like to be, and would like to know more about our business. We believe there are many reasons why Eview is so successful: • Our innovative business model When we established Eview, we wanted to stand out from our competition from day one. We’ve done that in a number of ways. A major point of difference is how we have structured our business. Eview operates a ‘regional office’ model opposed to a small ‘multi office’ network. Centralizing the sales and property management teams allows for more efficient communication, streamlined support and increased productivity. It means we can service our clients more efficiently, in a cost-effective way. We provide an innovative finance and administration system to support our real estate agents. We have teams of staff dedicated to client

care and lead generation, sales support and property management, which gives our agents the support to focus on what they do best: selling. • Our ‘right to list’ and ‘right to sell’ system The Eview group of offices operate on a special system that means our teams are not restricted by ‘marketing territories’ or geographical boundaries. This allows any sales agent to list a property anywhere in Victoria, and any sales agent to introduce a buyer to any property listed within the Eview group. To put it simply, this creates more competition for our vendors, helps decrease days on market and increases sales prices. The ‘right to list’ system also allows agents to build long term relationships with established clients, unlike traditional models which means a client who moves away may lose touch with the business. Our system encourages and rewards our agents for maintaining those relationships regardless of where the client has moved. We even have an annual ‘Pluto Award’ which recognises the agent who sold the property most distant from the regional office – the record stands at 270 kilometres away! • Our industry knowledge and connections We know the real estate industry inside and out. We are always keeping up with what’s happening in the market, and can provide tailored marketing that reaches the right buyers. Our magazine ‘The Melbourne Preview’, our quarterly postcode books, our website and email marketing are just some of the ways we reach out to potential buyers. We also connect to, and give back to, our local community through fundraisers. This provides a lot of value to our vendors above and beyond selling their house or listing their rental property. It also gives our sales agents a number of resources that help them to achieve the best outcome for their clients. • Our strong philosophy

Our business is founded on a simple philosophy: dream, believe, commit and deliver. All four parts of our mission statement are important, but most crucial of these is our commitment to ‘deliver on our promises each and every day’. We approach our business interactions with honesty, integrity and a genuine drive to achieve the most outstanding results for our clients. We hold ourselves accountable, and we strive each day to better ourselves. We believe that our values shine through everything we do, and that’s why we are able to successfully build relationships with ‘clients for life’. • Our focus on recruiting the right people Here at Eview we believe it is paramount to recruit the right people. I’ve talked in my previous articles about the qualities we believe the best sales agents have, but in essence it comes down to attitude. I always say you can teach a good person to be a good sales person, but you can’t teach a good salesperson to be a good person. We look for driven, dedicated people with a professional and approachable manner. People who live and breathe real estate and who genuinely strive to achieve the best results for their clients. We work with the best of the best, whether they are very established real estate professionals or whether they are new to the industry but we’ve recognised they have the right skills for the job. The most important thing to us is to have the right people in our business, those who can participate in our culture and keep driving our business forward. • Our commitment to retaining the right people It’s one thing to attract the right people, but keeping the right people is equally important. Team retention is the greatest challenge of a business owner, so when we started this business it was one of our core objectives to have an organisation that stopped ‘the revolving door’ syndrome which is so often a cause of frustration and poor performance

in many agencies. We have achieved this through hard work and a genuine care to meet the business and personal needs of our staff. We believe in work/life balance, flexibility and maintaining a positive team-oriented culture. We also provide training and learning opportunities. We are proud to say that we have an extremely high retention rate of team members.

we hear from our staff.

• Our commitment to team culture

And we do have a record of achieving outstanding results. Our business achievements continue to grow year by year, our sales are consistent and our reputation speaks for itself.

Our commitment to team culture is really our biggest competitive advantage and one which our competition cannot copy. We are a family-run business and this is reflected in all our interactions with our coworkers. To keep our team connected and communicating well we run regular team and office meetings, networking events, social events, awards nights and activity days. We believe in listening to (and acting on) any feedback or requests

While most business owners look at vendors as their clients we believe that our team are our first clients. if we can ‘wow’ them every day, we know that they will ‘wow’ our vendors and landlords and exceed their expectations. A motivated and happy team automatically drives results.

As a team we are extremely proud of what we can achieve together, and we are always looking to meet with people we feel could join us and be a part of that continuing success. Please contact me if you could see yourself being a part of the Eview family.

Looking for something to do? Follow us on facebook and discover 365 different ways you can explore our beautiful city, Melbourne!

facebook.com/eview.com.au The Melbourne Preview

Issue 23

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Feature...

KING SOLIMAN PAGE 6

The Melbourne Preview

Issue 23

by Cameron McCullough It is hard to know what to expect when asked to interview an Australian champion boxer. Especially if you have no great knowledge of boxing. Is he going to be all “float like a butterfly, sting like a bee”, prancing around the room, then standing toe to toe leaving me trembling with fear? Is he going to turn up with “minders”... I’m envisaging big guys with no necks and lots of gold jewellery who tell me repeatedly with a menacing tone “He’s not answering that question”. The day has come. We go back and forth a few times and agree to meet at a boxing gym in Moorabbin where he is training with a couple of up and coming boxers. He meets me with an outstretched arm and a broad smile. There is no bluster or pretence here. Just an extremely fit, extremely strong and extremely dedicated boxer. His Twitter handle says a lot about the man “Professional boxer, motivational speaker, a fighter for the underprivileged; proud father & husband.” That is Sam Soliman. The first thing I realise is that training is everything. Sam trains six days over an eight day cycle, and if any of you have every done boxing at the gym, it is possibly the highest intensity training one can imagine. Sam is a middle weight boxer who boasts an impressive record. “55 fights and only 11 losses,” said Sam. “And all champions there. No duds.” Accompanying Sam at the boxing gym in Moorabbin are a couple of young boxers. Sam trains them and they, in turn, give him someone to train with. It is an immediate side of Sam that I didn’t count on. He is dedicated to boxing; not just his own success, but the success of the sport as a whole. The gym is nothing special. In fact, it is something more akin to a Rocky movie, and one of the earliest ones at that. Sure there are no punching cow carcasses here, but there is no great glamour. Plain walls are covered in posters and press clippings as well as framed and signed pictures of well-known boxers. A dominating motto stretches across the room reading “Nothing soft comes out of Moorabbin”. Who am I to argue? Sam Soliman starting boxing at 14. Before that, he had spent five years doing Tae Kwon Do and other martial arts. What inspired him to get into martial arts in the first place? “Simple. Bruce Lee”, said Sam. “What kid doesn’t want to be like Bruce Lee?” Sam is of Coptic Egyptian descent, and both of his paretns were born in Egypt. It certainly must have prevented any schoolyard bullying to be so capable at looking after himself from such and early age. These days he works with schools on

anti-violence programs. “It is called Choices and is a campaign aimed at kids between 1517. It basically tells them that violence isn’t the answer.” This seems a duality to someone who doesn’t know much about boxing. It seems like a violent sport. “Boxing is about discipline,” said Sam. “It is the exact opposite to the random acts of violence that I campaign against.’ “Boxing is about balancing mental and physical toughness. Without mental toughness, physical toughness is useless. Without physical toughness, mental toughness is useless.” Asked whether it worries him he might get hurt, he is quick to reply, “Nah... I never get hit. Ask anyone. I never get hit.” The forty year old believes he has everything it takes to get the world title. He also realizes it his one big chance.

And while Australian champion is something to be very proud of, world champion has a particular ring to it.

years. You get to base camp and line up at the foot of the summit for your turn to conquer the peak.”

The International Boxing Federation confirmed Soliman as the number one contender for its middleweight title provided he won against Queenslander Les Sherrington in December and Sam didn’t disappoint.

“I’ve paid my dues, and I’m ready. I couldn’t have said that five years ago, but now I can. I’m fighting smarter, and I’m jumping out of my skin to hear the referee say: “seconds out”.

He knocked Sherrington out and knew it was “game on”. He stood up in the ring and addressed his adoring fans. “I want to let Felix Sturm know that ...I’m coming after him.”

“My mission is to bring the IBF Middleweight World Title back to Australia.” Sam has history on his side. He has beaten Sturm before. He is confident he can do it again.

After 23 years boxing, Sam is now facing his biggest test. A shot... perhaps his only chance... at a world title.

The IBF boasts World Champions that include: Lennox Lewis, Evander Holyfield, George Forman, Mike Tyson, Bernard Hopkins and Marvin Hagler.

He is fighting the current world champion, Felix Sturm for the IBF Middleweight World Title in Germany on Saturday, May 31.

Sam has now jetted off from Melbourne to an undisclosed location in Europe where he will continue his preparation.

“Getting a world title bout is like climbing Mt Everest. It’s taken me 23

He doen’t plan to come home empty handed.

The Melbourne Preview

Issue 23

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OUTSTANDING HOME IN THE YARRA VALLEY This home is fit for a king, rock star or simply a very large family who would like their members to live like kings. The home is approximately 100 squares of living and is perfect for in-law accommodation or guest and permanent accommodation. The choices are many! A grand style staircase greets people entering this wonderful home that boasts excellent views. There are six fully ensuited large bedrooms with balconies, a grandparents or teenagers apartment, full ensuite and dressing room, open plan lounge, dining and kitchen facilities. As well there is formal dining, supported by a lobby bar, formal sitting room, which is very spacious with large windows, and a casual living room. The superbly appointed kitchen(s) boast quality appliances. The home office/study has an ensuited apartment adjacent to it. Gas log fires, fully air conditioned, powder room and a 1500 bottle wine cellar are special features and a builtâ&#x20AC;&#x201C;in stereo system throughout the entire home fills the rooms with music. Fire services and security alarms protect the house.Two different double lock-up garages with remote access and a huge amount of storage make the house very practical. Every detail is well-appointed with quality fixtures, fittings, window furnishings and floor coverings throughout. Outdoors there are approximately two acres of park-like mature gardens with a solar heated in-ground swimming pool. This property would be ideal for a reception centre (STCA) or accommodation (it has B&B permits). Inspections are by appointment only The property is located at 108-110 Badger Creek Road, Healesville. The price is $2,200,000. To find out more, call Stuart Aldridge on 0402 464 511.

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The Melbourne Preview

Issue 23

Developers...

EVIEW SPECIAL PROJECTS DIVISION â&#x20AC;&#x201C; A ONE STOP SHOP FOR DEVELOPERS & BUILDERS â&#x20AC;&#x153;You canâ&#x20AC;&#x2122;t make a first impression a second timeâ&#x20AC;? Based in Eviewâ&#x20AC;&#x2122;s St Kilda Road, Melbourne office, Paul Duff is the designated head of the Eview Special Projects Division (â&#x20AC;&#x153;ESPDâ&#x20AC;?) - a dedicated in-house project marketing Division working collaboratively with developers, builders and private vendors to market and sell their projects off-the-plan prior to construction commencing. â&#x20AC;&#x153;â&#x20AC;Ś. As evidenced by the â&#x20AC;&#x153;attachedâ&#x20AC;? project image on this page that Eview have been retained for, we develop 3D render images for clients, along with all the project branding and Sales & Marketing collateral. In short - Eview Special Projects Division is a one stop shop for all your future projectâ&#x20AC;&#x2122;s needs..â&#x20AC;? Paul brings a wealth of Real Estate knowledge gained from over 30 years within the Financial Services and Property Funds Management Industries. Having held Senior Sales & Marketing roles within both Australian and overseas based Property and Financial Services companies, Paul utilizes this global experience and applies the â&#x20AC;&#x2DC;cross-

pollinationâ&#x20AC;&#x2122; of marketing ideas and sales strategies to all new developments. An industry best practice and seamless timely selling strategies are hallmarks of ESPD. Of direct relevance to the local real estate market here in Melbourne, Paul has focused on mainly the Bayside suburbs during the last 10 years comprising, but not limited to: The Docklands, Williamstown, St Kilda, Prahran, Elwood, Hampton, Sandringham, Beaumaris, Mentone, Mordialloc, Chelsea, Carrum and all the way through the coastal â&#x20AC;&#x2DC;ribbonâ&#x20AC;&#x2122; to the Mornington Peninsula. Our commercial focus is geared towards new development opportunities encompassing: townhouses, multi-unit sites, low rise/mid-rise apartments, mixed usage/medium density & masterplanned residential communities in which pre-sale funding requirements and off-the-plan â&#x20AC;&#x2DC;take-outâ&#x20AC;&#x2122; pre-sales are an integral component to the projects ultimate financial project funding and success. Additionally, ESPD is available to also be retained on existing and/or recently

completed dwellings or development sites that may need â&#x20AC;&#x2DC;rejuvenationâ&#x20AC;&#x2122;. We provide a full and complementary Sales & Marketing suite of professional services to Developers and Builders in which ESPD can be retained to conceive, design & copyright project sales marketing collateral along with also delivering branding initiatives that underpin the overall Sales and selling themes. Importantly, we have extensive access to potential project purchasers along with a proven distribution â&#x20AC;&#x2DC;reachâ&#x20AC;&#x2122; via Eviewâ&#x20AC;&#x2122;s affiliated selling agents, which now number 70+ in the Melbourne Metro region alone. Indeed, itâ&#x20AC;&#x2122;s worth noting that two out every seven properties sold within the Eview group are directly attributable to cross-selling agents marketing initiatives. This fact is a demonstrable value-proposition and our proven multi-channel sales platform truly sets us apart from our industry peers. ESPD principles have been retained in project sizes ranging from $2Mill to

Paul Duff - Head of Eview Special Projects Division

$50Mill and Paul welcomes all sales & marketing enquires. We look forward to assisting you! Mob: - 0400 463 007 | paul.duff@ eview.com.au | 14/380 St Kilda Rd, Melbourne, Vic 3004

Eview and Westpac Fountain Gate bring alternative solutions to their customers. 6RXUFLQJ QHJRWLDWLQJ SXUFKDVLQJ UHĂ&#x20AC;QDQFLQJ RU LQYHVWLQJ LQ UHDO HVWDWH FDQ EH D GDXQWLQJ SURFHVV DW WKH EHVW RI WLPHV (YLHZ DQG :HVWSDF )RXQWDLQ *DWH DUH SURXG WR KLJKOLJKW WKHLU MRLQW SDUWQHUVKLS LQ RIIHULQJ DOWHUQDWLYH VROXWLRQV WR WKHLU FXVWRPHUV DQG WKH ORFDO FRPPXQLW\ E\ EULQJLQJ HYHU\RQH WRJHWKHU LQ RQH VWUHDPOLQHG SURFHVV <RXU :HVWSDF 7HDP Vicki White Home Finance Manager 30 YEARS BANKING EXPERIENCE 0408 303 478

Sharon Hartley Home Finance Manager 18 YEARS BANKING EXPERIENCE 0427 010 579

9LFNL DQG 6KDURQ EULQJ \HDUV EDQNLQJ H[SHULHQFH WR )RXQWDLQ *DWH DQG ZDQW WR PDNH VXUH \RX KDYH WKH EHVW SRVVLEOH GHDO RU LQIRUPDWLRQ DW KDQG ZKHQ GLVFXVVLQJ Ă&#x20AC;QDQFH VROXWLRQV :HVWSDF )RXQWDLQ *DWH OHG E\ %DQN 0DQDger Britt Jago & the entire team welcome you to come in and have a friendly chat.

Come on in and meet the team. â&#x20AC;&#x153;Old style banking is alive and well.â&#x20AC;? Help us assist you in making your dreams and ambitions become a reality. Shop 2101 Fountain Gate Shopping Centre, Narre Warren 3805 The Melbourne Preview

Issue 23

PAGE 9

A FAMILY LIFESTYLE TO ENVY Escape the hustle and bustle of city life with the purchase of this graceful family residence set on 2.62 hectares (approx 6.5acres), which teams up with its scenic landscape to deliver a tranquil lifestyle with the You Yangs as a backdrop. Only minutes away from the freeway, with approx 35 minutes drive to Melbourne. Infusing contemporary elements and boasting a facade that radiates the character of a country property, the appeal of the home flows from its fantastic collection of informal living arrangements to its bedrooms of very generous proportions. The massive 9m x 12m powered workshop complete with its own toilet would suit the tradesman, with plenty of room for machinery, equipment or boats, cars caravans etc. The three fully fenced paddocks would suit the horse enthusiast, hobby farmer or motorbike riders. Close to the Littler River Primary School and train station, you will have the best of both worlds with easy access to public transport. Some of the many features of the property: 10 foot ceilings Gourmet Kitchen with stainless steel appliances Solar hot water Split System for heating/cooling Double lock up garage with remotes Huge 9m x 12m powered workshop complete with toilet Large covered entertainment deck Veggie gardens Cubby House This wonderful property has it all with nothing to do, just move in and call it home. The property is located at 72-92 McLeans Road, Little River. For more information contact Karin Walters on 0403 746 686. PAGE 10

The Melbourne Preview

Issue 23

17 Clydebank Rd, Edithvale

3/1 Royalty St, Clayton

Quoted price: Offers over $880,000

Quoted price: Offers over $395,000

Sold for $980,000

Sold for $470,000 under the hammer

Sale type: Private treaty

Sale type: Auction

Comments: Standout area sales result for half block property!

Comments: Six strong bidders fought it out to secure the property on the day. Great excitement!

Agent: Noel Susay 0450 069 506

Agent: Peter Gourdouros 0428 234 155

10-12 View Point Rd, McCrae Quoted price: Price by negotiation Sold $2.5 million Sale type: Private treaty Comments: Vendors ecstatic with result. Vendors ecstatic about result. Possibly McCrae’s highest ever residential sale price? Agent: Michael O’Neill

highlights

Qtr 1

2014

75 Gould St, Frankston Sale type: Auction Sold for $900,000 after Auction Comments: Street was packed with people. Four bidders and a crowd of onlookers. Vendors are excited about moving on. Agents: Derek Lea 0412 204 036 and Badiha Cook 0438 352 456

1A Inveray Ave, Jan Juc / Torquay

50 Donnelly’s Weir Rd, Healesville

Quoted price: Mid $600s

Quoted price: $939,000 plus

Sold for $660,000

Sold for $955,000

Sale type: Private treaty

Comments: Top quality property ZLWK PRGHUQ ÁDLU

Comments: Beautiful property which generated a great price!

Agent: Karin Walters 0403 746 686

Agent: Stuart Aldridge 0402 464 511 The Melbourne Preview

Issue 23

PAGE 11

CONNECTIONS YOU CAN COUNT ON WHEN YOU MOVE At Direct Connect, your move is our priority. Offering a free, no-obligation service, we will make your move easier by organising connections to a range of services for your new home. We also provide you peace of mind with our Always On Guarantee.* Simply connect with one of our leading electricity and gas suppliers, and we guarantee your connections will be ready on the day you move in. Thatâ&#x20AC;&#x2122;s just one of many ways we help make moving easy.

NEED TO GET CONNECTED? ASK YOUR REAL ESTATE AGENT TO SEND US YOUR DETAILS. Contact Direct Connect on 1300 664 715. To learn more or submit your details online, go to directconnect.com.au *Visit directconnect.com.au/guarantee for terms & conditions

PAGE 12

The Melbourne Preview

Issue 23

Investors...

ARE YOU ONE OF THE 80% MISSING OUT? Claim more back on your tax return Research shows that 80% of property investors are missing out on thousands of dollars in depreciation deductions for their investment properties, simply because they are not aware of the difference a depreciation claim can make to their cash flow. As a property and its plant and equipment get older, property investors are able to claim tax deductions based on the gradual wear and tear that takes place. This is called depreciation. These deductions can amount to thousands of dollars each year and are a non-cash deduction, meaning that you do not need to spend any money to make a claim. To ensure that you are not missing out on your maximum possible deductions a quality tax depreciation schedule is needed. Specialist Quantity Surveyors

such as BMT Tax Depreciation are one of the few professions recognised by the ATO to provide these schedules to investors for taxation purposes. Founded by three directors in 1997, BMT Tax Depreciation employs over 160 experienced staff committed to ensuring that property investors are able to see the best possible cash flow situation from their tax return. As Australia’s leading Quantity Surveyors, we utilise the latest ATO legislation when compiling depreciation schedules, liaising with the ATO to ensure that we can guarantee our clients a comprehensive tax depreciation schedule that will offer maximum depreciation deductions within legislative requirements. How much can be claimed? Our results have shown that property investors can expect between $5,000 and $10,000 in deductions from their first full year’s claim alone. By claiming depreciation deductions property investors are able to

expand their portfolios faster and see a return on investments sooner. To see the effect these deductions can have on your weekly cash flow, consider the following example: Margaret purchased an investment property at $420,000 with a rental income of $490 per week and a total income of $25,480 per annum. Expenses for the property such as interest, rates and management fees came to $32,000. This table shows Margaret’s weekly cash flow with and without a BMT Tax Depreciation schedule. Margaret was able to use property depreciation to turn her negative cash flow position into a positive one. Without depreciation she was paying out $79 per week. By taking advantage of tax legislation and making a depreciation claim, Margaret was able to turn her loss to an income of $3 per week. In total, BMT Tax Depreciation saved Margaret a total of $4,255 in

just one year. With the end of the financial year approaching, there’s no better time to work out what property depreciation deductions can be claimed. BMT Tax Depreciation’s experienced team of Quantity Surveyors are available Australia-wide to help you claim your maximum possible deductions on your tax return. Working with your Accountant, they will produce a quality depreciation schedule that can then be included as a claim in your next annual tax assessment, all for a 100% taxdeductible fee. For a free assessment of your likely deductions call BMT Tax Depreciation on 1300 728 726 or 1300 728 726 or Paul Duff of Eview Special Projects on 0400 463 007. Article Provided by BMT Tax Depreciation. Bradley Beer (B. Con. Mgt, AAIQS, MRICS) is the Managing Director of BMT Tax Depreciation.

Property purchased for $420,000 Scenario without depreciation claim

Scenario with depreciation claim of $11,500

Annual expenses

$32,000

Annual expenses

$32,000

Annual income ($490 x 52 weeks)

$25,480

Annual income ($490 x 52 weeks)

$25,480

Taxation loss (income - expenses)

-$6,520

Pre tax cash flow (income - expenses)

-$6,520

Total taxation loss

-$6,520

Total taxation loss (pre tax cash flow and depreciation claim of $11,500)

Tax refund (total tax loss x tax rate of 37%)

$2,412

Tax refund (total tax loss x tax rate of 37%)

Annual costs of the investment property (pre tax cash flow + refund)

-$4,108

Annual cash flow of the investment property (pre tax cash flow + refund)

Cash outlay per week

-$79

-$18,020 $6,667 $147

Weekly cash flow of the investment property

Depreciation difference = $82 per week The depreciation estimates in this example were calculated using the diminishing value method of depreciation

Frankston office

Narre Warren office

Chelsea office

Werribee office

Dromana office

Yarra Valley office

Cheryl Keher & Tina Melas

Jim Arvanitakis & Liane Owen

Jodie Harwood & Noel Susay

Melissa Whyte & Lesley Hurley

Rebecca Tyler & Mike O’Neill

Jodie Young & Stuart Aldridge

Phone: 8781 3877

Phone: 8794 1200

Phone: 8773 1888

Phone: 9749 8008

Phone: 5987 1444

Phone: 5962 1053

The Melbourne Preview

Issue 23

PAGE 13

Miranda Professional Services We are your local conveyancing & accounting firm and are committed to providing you with quality service and advice in all areas of accounting, taxation, bookeeping and conveyancing. At Miranda Professional Services, we are focused on developing friendly, long term, proactive relationships, providing you with cost effective strategies and solutions to ultimately meet objectives.

Conveyancing ͲtĞ ĐĂŶ ůŽŽŬ ŽǀĞƌ ǇŽƵƌ ^ĞĐƚŝŽŶ ϯϮ sĞŶĚŽƌƐ ^ƚĂƚĞŵĞŶƚ ĨƌĞĞ ŽĨ ĐŚĂƌŐĞ ĂŶĚ ƉƌŽǀŝĚĞ ǇŽƵ ǁŝƚŚ ŝŶĨŽƌŵĂƚŝŽŶ ŝŵƉĞƌĂƚŝǀĞ ƚŽ ƚŚĞ ďŝŐŐĞƐƚ ƉƵƌĐŚĂƐĞ ŽĨ ǇŽƵƌ ůŝĨĞ ͲDŝƌĂŶĚĂ WƌŽĨĞƐƐŝŽŶĂů ^ĞƌǀŝĐĞƐ ĂƌĞ ŵĞŵďĞƌƐ ŽĨ ƚŚĞ ƵƐƚƌĂůŝĂŶ /ŶƐƚŝƚƵƚĞ ŽĨ ŽŶǀĞǇĂŶĐĞƌƐ ĂŶĚ ƚŚĞƌĞĨŽƌĞ ŽĨĨĞƌ ƉƌŽĨĞƐƐŝŽŶĂů ĂŶĚ ƵƉ ƚŽ ĚĂƚĞ ĐŽŶǀĞǇĂŶĐŝŶŐ ĂĚǀŝĐĞ ͲtĞ ĂƌĞ ĂǀĂŝůĂďůĞ ĂŶǇƚŝŵĞ ƚŽ ĂŶƐǁĞƌ ǇŽƵƌ ƋƵĞƐƚŝŽŶƐ ĂŶĚ ƚŽ ŐƵŝĚĞ ǇŽƵ ƚŚƌŽƵŐŚ ǇŽƵƌ ƐĂůĞ Žƌ ƉƵƌĐŚĂƐĞ͘ ͲtĞ ŚĂǀĞ ƚŚĞ ƚĞĂŵ͕ ƐŬŝůůƐ ĂŶĚ ĞǆƉĞƌŝĞŶĐĞ ƚŽ ŐŝǀĞ ǇŽƵ ƉĞĂĐĞ ŽĨ ŵŝŶĚ ŝŶ ǇŽƵƌ ŶĞǆƚ ƉƌŽƉĞƌƚǇ ƚƌĂŶƐĂĐƚŝŽŶ͘ ͲdŚĞ ƚĞĂŵ Ăƚ DŝƌĂŶĚĂ WƌŽĨĞƐƐŝŽŶĂů ^ĞƌǀŝĐĞƐ ŚĂǀĞ ŽǀĞƌ ϯϬ ǇĞĂƌƐ ĐŽŵďŝŶĞĚ ĞǆƉĞƌŝĞŶĐĞ ŝŶ ƚŚĞ ĐŽŶǀĞǇĂŶĐŝŶŐ ŝŶĚƵƐƚƌǇ͘ ͲtĞ ĐĂŶ ŐŝǀĞ ǇŽƵ ĂŶ ĞƐƚŝŵĂƚĞ ŽĨ ƚŚĞ ƐƚĂŵƉ ĚƵƚǇ ĂŵŽƵŶƚ ǇŽƵ ǁŝůů ďĞ ƉĂǇŝŶŐ ŽŶ ǇŽƵƌ ŶĞǁ ƉƵƌĐŚĂƐĞ /ŶƐƚƌƵĐƚ ƵƐ ŶŽǁ͕ ĂŶĚ ǁĞ ǁŝůů ŐĞƚ ǇŽƵƌ ŵĂƚƚĞƌ ƵŶĚĞƌǁĂǇ ŝŵŵĞĚŝĂƚĞůǇ

Accounting

Ͳ Ž ǇŽƵ ǁŽƌŬ ŽƵƚĚŽŽƌƐ͍ tĞ ǁŝůů ŚĞůƉ ǇŽƵ ƚŽ ĐůĂŝŵ ŝƚĞŵƐ ůŝŬĞ ƐƵŶŐůĂƐƐĞƐ͕ ŚĂƚƐ ĂŶĚ ƐƵŶƐĐƌĞĞŶ Ͳ ŝĚ ǇŽƵ ŬŶŽǁ ŝĨ ǇŽƵ ŚĂǀĞ ŝŶĐŽŵĞ ƉƌŽƚĞĐƚŝŽŶ ǁĞ ĐĂŶ ĐůĂŝŵ ƚŚŝƐ ďĂĐŬ ĨŽƌ ǇŽƵ ŝŶ ǇŽƵƌ ƚĂǆ ƌĞƚƵƌŶ͍ Ͳ Ž ǇŽƵ ƵƐĞ Ă ĐŽŵƉƵƚĞƌ͕ ƐŵĂƌƚƉŚŽŶĞ Žƌ ŝWĂĚ ĨŽƌ ǁŽƌŬ͍ dŚĞƐĞ ŝƚĞŵƐ ĐĂŶ ďĞ ĐůĂŝŵĞĚ ŝŶ ǇŽƵƌ ƚĂǆ ƌĞƚƵƌŶ ͲsŝƐĂ ĐŽƐƚƐ ĂƌĞ ĚĞĚƵĐƚĂďůĞ ǁŚĞƌĞ ǁŽƌŬ ƌĞůĂƚĞĚ ƚƌĂǀĞů ŝƐ ƵŶĚĞƌƚĂŬĞŶ ͲzŽƵ ĐĂŶ ĐůĂŝŵ ǇŽƵƌ ƚŽŽůƐ Θ ĞƋƵŝƉŵĞŶƚ ŝŶƐƵƌĂŶĐĞ ŝĨ ƚŚĞ ŝŶƐƵƌĞĚ ŝƚĞŵƐ ĂƌĞ ƵƐĞĚ ĨŽƌ ǁŽƌŬ ͲzŽƵ ĂƌĞ ĂďůĞ ƚŽ ĐůĂŝŵ ǇŽƵƌ ƉƌŽĨĞƐƐŝŽŶĂů ũŽƵƌŶĂů ŝĨ ƵƐĞĚ ĨŽƌ ǁŽƌŬ ƉƵƌƉŽƐĞƐ ͲtĞ ĐĂŶ ŐŽ ƚŚƌŽƵŐŚ Ă ůŝƐƚ ŽĨ ĚĞĚƵĐƚŝŽŶƐ ƚŚĂƚ ƌĞůĂƚĞ ƐŽůĞůǇ ƚŽ ǇŽƵƌ ƉƌŽĨĞƐƐŝŽŶ Ͳ ĨƚĞƌ ŚŽƵƌƐ ĂƉƉŽŝŶƚŵĞŶƚƐ ƚŚƌŽƵŐŚ ƚĂǆ ƐĞĂƐŽŶ tĞ ǁŝůů ŚĞůƉ ƚŽ ďŽŽƐƚ ǇŽƵƌ ƚĂǆ ƌĞĨƵŶĚ

ŽŶƚĂĐƚ ƵƐ ƚŽĚĂǇ ŽŶ ϵϳϳϯ ϯϲϰϳ &ŝŶĚ ŽƵƌ ŵŽƌĞ ĂďŽƵƚ DŝƌĂŶĚĂ WƌŽĨĞƐƐŝŽŶĂů ^ĞƌǀŝĐĞƐ ďǇ ĨŽůůŽǁŝŶŐ ƵƐ ŽŶ &ĂĐĞďŽŽŬ

PAGE 14

The Melbourne Preview

Issue 23

Design...

PLAYFUL GEOMETRY WITH A SILVER LINING

The Cloud House - 2012 “The Cloud House is an addition and renovation to a double-fronted Edwardian house in Fitzroy North. Over the course of close to a century, this house has received several additions and modifications. McBride Charles Ryan’s work for the house is designed in three parts. This allows for a sequence of distinct and unexpected episodes, with glimpses previewing oncoming spaces and experiences as you move through the home. The street facade has been left to demonstrate the clients respect for the evolution of the character of the area and the modest street alteration belies the extent of the comprehensive internal renovation work. The spaces within the original structure are largely white in colour, united by exotic floral hallway carpet. This journey through the space is followed by encountering a disintegrated redcoloured box. This is the kitchen, at the heart of the property, which acts as a bridge linking the major spaces. A cloud-shaped extrusion is the unexpected final space. Following the form of a child-like impression of a cloud it is a playful addition where family and friends can eat and have fun surrounded by the curved form. The new living addition faces due south while allowing controlled north sun into the living area and providing effective cross ventilation. The form of the cloud conforms to setback regulations without appearing obviously determined by them. The extrusion creates a dramatic interior language where walls merge seamlessly with the floor and ceiling. The craftsmanship is remarkable throughout; it has a sense of care one typically associates with the work of a cooper or wheelwright. While the geometry is playful, the extrusion is essentially a contemporary barrel vault. It is our hope that this cloud has a silver lining.” McBride Charles Ryan

The Melbourne Preview

Issue 23

PAGE 15

Meet some of our people Steve Walsh I 0407 789 877 I specialise in Residential Real Estate Sales. Areas you work Mornington to McCrae via Red Hill. Where did you grow up? Country Victoria Alexandra. Why have you chosen Eview? Best business structure for me and my clients. Career highlight All off market sales are very satisfying. Favourite restaurant Japanese Teppanyaki.

Andrea Hannah I 0417 400 660 I specialise in Residential Real Estate Sales. Areas you work Most Rural & Residential Areas of the Mornington Peninsula from Mount Martha to Westernport and local beach side areas. Where did you grow up? Mount Eliza and Balnarring area. Favourite Holiday Destination Krabi â&#x20AC;&#x201C; Thailand. Aligning with Eview Running your own business under the Eview umbrella gives you the opportunity to embrace a second to none team culture and business model with amazing directors, 24/7 honest, integral & uplifting support.

Noel Susay I 0450 069 506 I specialise in Sales, Auctions, Property Management and Rent Roll growth. Areas I work Mordialloc, Aspendale, Edithvale, Chelsea, Chelsea Heights, Bonbeach and Carrum. Favourite architectural style Character homes, weatherboard and beach front properties. Aligning with Eview Team Culture, opportunities ZLWKLQ WKH RUJDQLVDWLRQ DQG WKH Ă&#x20AC;QDQFLDO rewarding business model. Tip for selling Listen more to the owners needs and present the property at its best, coupled with correct pricing to create completion.

Catherine Buchan I 0497 123 123 I specialise in Residential Real Estate Sales. Areas you work in Mt Eliza and Surrounds. Where did you grow up? Aberdeen, Scotland. Why have you chosen to align with Eview? Amazing business model and exceptional team culture. Favourite restaurant Mr Paulâ&#x20AC;&#x2122;s Beer & Wine, Mornington.

Paul Duff I 0400 463 007 I specialise as an Agent and Head of Eview Special Projects Division (â&#x20AC;&#x153;ESPDâ&#x20AC;?), my role entails collaborating with ALL the eview Agents, Franchiseeâ&#x20AC;&#x2122;s and their Developers, Builders and Vendor clients. Areas you work CBD, Inner, Middle, Outer Metropolitan Melbourne and also the Mornington & Bellarine Peninsulaâ&#x20AC;&#x2122;s. Describe the area where you work? Dealing with all types of developers, builders and allied service providers / consultants.

Jack Dover I 0411 367 699 I specialise in Residential Real Estate Sales. Areas you work Narre Warren. Describe the area you work Very Multicultural, lots of different backgrounds. Favourite Melbourne Activity Watching soccer at AAMI Park. Tip for selling Presentation is Key!

PAGE 16

The Melbourne Preview

Issue 23

How long have you worked in real estate 30 years in various forms, the last 10 years within the development sectors. Tip for selling Clearly understand the clientâ&#x20AC;&#x2122;s needs, impart professional honest advice to Developers & Vendors and deliver awesome service. The old adage rings trueâ&#x20AC;Ś do the ordinary tasks extraordinarily well.

Evelin Bekins I 0411 600 768

Erik Hove I 0458 700 766 I specialise in Residential Real Estate Sales.

I specialise in Residential Real Estate Sales.

Areas you work Bellarine Peninsula, particularly Portarlington.

Areas you work in Emerald and surroundings; 0DFFOHVĂ&#x20AC;HOG &RFNDWRR *HPEURRN Mt Burnett,Clematis, overall The Dandenongs.

Describe the area you work Very multicultural. We have lots of Maltese and Greek families that have been coming here for years on holiday and have retired here.

Why have you chosen to align with Eview? 7HDP VSLULW WKH Ă H[LELOLW\ WR KHOS P\ FOLHQWV QRW only to buy or sell in my area, but to help them through the entire process wether moving within the area or outside of the area.

Why have you chosen to align with Eview? My wife and I had a wonderful experience with Eview, so I decided to be a part of it. Team culture.

My favorite architecural style Federation.

Career highlights First sale achieving $100,000 over reserve at auction in Mt Eliza.

Career highlight Achieving the highest sale price achieved for a residentail property in our area by a real estate company.

Rod Gatt

I 0450 655 597

I specialise in Residential Real Estate Sales. Areas you work Chelsea Heights. Describe the area you work Great bayside lifestyle for both young and older families. Why have you chosen to align with Eview? Being a team player , there is no better environment than Eview. Favourite restaurant Brown Rice (Thai Restaurant in Edithvale).

Kim Oâ&#x20AC;&#x2122;Loughlin I 0427 235 786

Ameal Alkawasmi I 0404 891 288

I specialise in Assistance Property Management.

I specialise in Residential Real Estate Sales.

Areas you work in Edithvale /Aspendale.

Areas you work Hallam.

Why have you chosen to align with Eview? Eview is a very professional, family-orientated company with a great team culture.

Describe the area you work Multicultural. Why have you chosen to align with Eview? Great work environment.

Favourite activity/place in Melbourne Eos Greek Tavern.

Career Highlight /LVWLQJ P\ Ă&#x20AC;UVW SURSHUW\ DQG VHOOLQJ LW ZLWKLQ GD\V

Tip for selling Ensure the landlord is given a realistic expectation of the current rental market and value of their property. Make sure the property is presented in the best possible way and that true representations are provided in the advertising.

Tip for Selling Happy and friendly approach, towards both the vendor and buyer, honesty and pricing the property accordingly.

Nicole McBride I 0458 550 167 I specialise in Residential Property Management. Areas you work in Mornington Peninsula. Why have you chosen to align with Eview? To be part of a professional, experienced and supportive team. It is a honour to be part of the Eview rental department & to align myself with the best in the industry. Favourite activity/place in Melbourne Healesville Sanctuary. Tip for selling Ensure your property is well presented, clean & priced at the current market rate, keep in mind â&#x20AC;&#x2DC;you get what you projectâ&#x20AC;&#x2122;, so if you want a tenant who is going to look after your investment property ensure you are presenting a well kept, clean home. The Melbourne Preview

Issue 23

PAGE 17

MEDIAN HOUSE PRICES MARCH QUARTER 2014 MEDIAN PRICES *Indicates that less than 30 sales were recorded during the quarter Suburb

Lower Quartile

Mar-14 Median

Upper Quartile

Dec-13 Median

Quarterly Change

Annual Change

CITY OF BAYSIDE BEAUMARIS BLACK ROCK* BRIGHTON BRIGHTON EAST HAMPTON HAMPTON EAST* HIGHETT SANDRINGHAM*

$977,000 $1,110,000 $1,421,250 $1,096,500 $1,075,000 $691,250 $734,000 $1,040,000

$1,220,000 $1,240,000 $1,915,500 $1,301,000 $1,307,500 $783,500 $760,000 $1,320,000

$1,500,000 $1,500,000 $2,567,500 $1,575,000 $1,601,750 $830,500 $887,500 $1,525,000

$1,051,000 $1,291,000 $1,685,500 $1,322,500 $1,400,000 $801,000 $760,000 $1,330,000

16.1% -4.0% 13.6% -1.6% -6.6% -2.2% 0.0% -0.8%

14.9% 14.7% -0.2% 26.2% 8.3% 5.2% 6.8% 2.0%

SHIRE OF CARDINIA BEACONSFIELD* COCKATOO* EMERALD* OFFICER* PAKENHAM

$537,500 $395,000 $402,775 NA $309,500

$550,000 $446,500 $514,750 NA $356,000

$800,000 $492,500 $569,500 NA $430,500

NA $387,500 $540,000 NA $345,000

NA 15.2% -4.7% NA 3.2%

1.4% 6.5% 14.9% NA 2.7%

CITY OF CASEY BERWICK BOTANIC RIDGE CRANBOURNE CRANBOURNE EAST* CRANBOURNE WEST* ENDEAVOUR HILLS* NARRE WARREN NARRE WARREN SOUTH PEARCEDALE*

$431,875 NA $291,250 $365,000 $312,250 $387,500 $368,500 $402,500 $435,000

$487,500 NA $313,750 $392,475 $348,000 $411,500 $395,000 $445,000 $487,500

$572,500 NA $408,750 $416,500 $380,000 $467,750 $464,500 $520,500 $740,000

$495,000 NA $310,000 $402,777 $342,000 $401,290 $382,250 $452,000 $441,500

-1.5% NA 1.2% -2.6% 1.8% 2.5% 3.3% -1.5% 10.4%

5.8% NA -1.1% 8.8% 4.1% 4.4% 4.1% 2.4% 7.5%

CITY OF FRANKSTON FRANKSTON FRANKSTON NORTH* FRANKSTON SOUTH LANGWARRIN SANDHURST* SEAFORD SKYE*

$324,375 $240,000 $464,639 $370,625 $530,000 $384,500 $362,575

$380,150 $249,500 $557,750 $391,000 $585,000 $428,500 $390,750

$456,750 $261,000 $660,000 $529,863 $650,000 $501,250 $437,500

$368,500 $257,500 $571,250 $415,000 $560,000 $436,000 $417,500

3.2% -3.1% -2.4% -5.8% 4.5% -1.7% -6.4%

3.8% 4.1% 6.3% 2.5% 14.7% 7.0% 10.0%

CITY OF GLEN EIRA BENTLEIGH EAST BENTLEIGH CARNEGIE* CAULFIELD NORTH* CAULFIELD SOUTH* ELSTERNWICK* MURRUMBEENA* ORMOND* ST KILDA EAST*

$766,500 $930,000 $780,000 $1,195,000 $975,000 $1,027,875 $905,000 $850,000 $961,500

$835,000 $1,050,000 $905,000 $1,317,500 $1,095,000 $1,268,500 $954,500 $1,110,000 $1,127,500

$953,500 $1,245,000 $1,237,000 $1,837,500 $1,275,000 $1,481,500 $1,289,000 $1,338,500 $1,435,250

$785,000 $995,000 $935,000 $1,240,500 $1,080,000 $1,228,000 $907,000 $1,140,000 $1,071,750

6.4% 5.5% -3.2% 6.2% 1.4% 3.3% 5.2% -2.6% 5.2%

17.4% 18.9% 9.7% 6.4% 20.7% 7.7% 18.7% 13.6% 15.2%

CITY OF GREATER DANDENONG DANDENONG NORTH* $368,000 DANDENONG* $368,000 KEYSBOROUGH* $435,000 LYNDHURST* $437,250 NOBLE PARK NORTH* $395,375 NOBLE PARK $389,166 SPRINGVALE* $447,458

$386,000 $386,000 $468,000 $456,500 $412,500 $419,000 $494,000

$440,250 $440,250 $643,750 $483,363 $426,250 $487,963 $562,375

$425,000 $425,000 $495,000 $486,250 $421,000 $402,500 $450,000

-9.2% -9.2% -5.5% -6.1% -2.0% 4.1% 9.8%

2.4% 2.5% 13.3% 0.3% 10.0% 8.0% 6.0%

CITY OF KINGSTON ASPENDALE GARDENS* ASPENDALE* BONBEACH* CHELSEA HEIGHTS* CHELSEA* CHELTENHAM CLAYTON SOUTH* DINGLEY VILLAGE* EDITHVALE* MENTONE* MOORABBIN* OAKLEIGH SOUTH* PARKDALE*

$540,000 $540,000 NA $470,175 $491,250 $643,500 $515,125 $567,250 $590,000 $613,250 $697,813 $625,000 $717,625

$609,000 $609,000 NA $518,000 $575,000 $690,000 $560,500 $651,000 $706,000 $723,000 $797,000 $667,000 $823,000

$651,625 $651,625 NA $543,000 $722,500 $769,500 $598,750 $685,750 $783,000 $852,500 $858,750 $807,000 $955,000

$604,500 $604,500 NA $471,000 $567,500 $675,500 $576,000 $612,000 $600,000 $795,000 $680,000 $646,500 $891,000

0.7% 0.7% NA 10.0% 1.3% 2.1% -2.7% 6.4% 17.7% -9.1% 17.2% 3.2% -7.6%

6.2% 6.2% NA 4.8% 3.7% 10.4% 18.7% 10.0% -4.7% 3.8% 10.2% 12.1% 10.9%

CITY OF KNOX BAYSWATER* BORONIA FERNTREE GULLY KNOXFIELD* LYSTERFIELD* ROWVILLE SCORESBY* UPPER FERNTREE GULLY* WANTIRNA SOUTH WANTIRNA

$480,000 $451,625 $455,000 $492,000 $550,000 $555,000 $528,250 $460,625 $592,500 $528,125

$515,000 $497,500 $505,000 $513,000 $690,000 $620,025 $545,000 $481,250 $686,250 $581,000

$540,000 $549,975 $550,000 $545,500 $1,340,000 $695,000 $569,000 $515,000 $770,766 $657,200

$485,500 $455,500 $462,000 $502,250 $840,000 $583,500 $529,400 $440,000 $685,000 $621,000

6.1% 9.2% 9.3% 2.1% -17.9% 6.3% 2.9% 9.4% 0.2% -6.4%

12.3% 7.9% 8.8% 8.2% 10.9% 8.9% 10.3% 12.2% 16.1% 12.5%

Suburb

Lower Quartile

Dec-12 Median

Upper Quartile

Dec-11 Median

Quarterly Change

Annual Change

CITY OF MANNINGHAM BULLEEN* DONCASTER DONCASTER EAST DONVALE* PARK ORCHARDS* TEMPLESTOWE TEMPLESTOWE LOWER WARRANDYTE*

$733,250 $850,000 $789,500 $784,063 $925,000 $809,975 $752,188 $780,000

$815,500 $938,000 $855,000 $930,000 $1,045,000 $1,033,000 $810,000 $860,000

$854,375 $1,061,000 $942,500 $1,157,500 $1,100,000 $1,310,000 $855,000 $1,250,000

$800,000 $860,000 $850,000 $970,000 $1,100,000 $964,000 $810,000 $790,500

1.9% 9.1% 0.6% -4.1% -5.0% 7.2% 0.0% 8.8%

12.8% 17.4% 18.7% 28.0% 10.9% 9.4% 14.2% 14.7%

CITY OF MAROONDAH BAYSWATER NORTH* CROYDON CROYDON HILLS* CROYDON NORTH* HEATHMONT* KILSYTH* RINGWOOD RINGWOOD EAST* RINGWOOD NORTH*

$480,000 $424,169 $523,000 $520,000 $565,750 $429,750 $591,500 $555,000 $621,250

$515,000 $494,500 $570,000 $574,000 $625,000 $468,500 $635,000 $632,000 $642,500

$540,000 $576,125 $638,000 $670,000 $664,000 $506,250 $738,250 $736,500 $730,250

$485,500 $477,500 $550,750 $630,000 $603,000 $417,000 $597,000 $576,000 $685,000

6.1% 3.6% 3.5% -8.9% 3.6% 12.4% 6.4% 9.7% -6.2%

12.3% 8.0% 10.7% 0.2% 15.3% 2.3% 20.2% 12.4% 12.8%

CITY OF MONASH ASHWOOD* BURWOOD* CHADSTONE* CLAYTON* GLEN WAVERLEY HUGHESDALE* MOUNT WAVERLEY MULGRAVE* OAKLEIGH* WHEELERS HILL

$731,000 $665,000 $650,000 $515,125 $812,000 $660,050 $780,000 $571,000 $735,500 $654,750

$828,000 $730,000 $725,000 $560,500 $945,000 $754,000 $885,000 $600,000 $791,880 $756,000

$875,000 $870,000 $810,000 $598,750 $1,208,000 $845,500 $1,007,000 $675,000 $841,250 $913,750

$792,000 $715,000 $781,000 $576,000 $895,444 $836,000 $870,000 $593,000 $820,000 $790,500

4.5% 2.1% -7.2% -2.7% 5.5% -9.8% 1.7% 1.2% -3.4% -4.4%

21.2% 13.1% 22.9% 18.7% 16.7% 8.3% 15.1% 11.8% 25.1% 13.3%

SHIRE OF MORNINGTON PENINSULA BALNARRING* $517,500 BLAIRGOWRIE $483,750 DROMANA $367,500 HASTINGS* $289,250 MORNINGTON $442,500 MOUNT ELIZA $677,500 MOUNT MARTHA $575,750 ROSEBUD $360,000 ROSEBUD WEST* $331,195 RYE $390,000 SAFETY BEACH* $515,000 SOMERVILLE* $371,000 SORRENTO $710,000 TOOTGAROOK* $347,000

$550,000 $630,000 $445,100 $377,500 $525,000 $755,000 $693,750 $400,000 $365,000 $465,000 $586,000 $460,000 $835,000 $410,000

$610,000 $713,750 $553,000 $406,125 $742,500 $900,000 $972,500 $470,000 $425,000 $585,000 $665,000 $712,500 $1,000,000 $447,000

$632,500 $615,000 $491,000 $382,500 $528,500 $771,000 $686,000 $421,000 $353,000 $445,000 $490,000 $742,500 $405,000

-13.0% 2.4% -9.3% -1.3% -0.7% -2.1% 1.1% -5.0% 3.4% 4.5% 19.6% 12.5% 1.2%

-4.7% 0.3% -3.2% 9.2% 4.0% 5.4% 6.3% 3.5% 1.4% 6.3% -1.5% 2.8% 11.7% 1.3%

CITY OF WHITEHORSE BLACKBURN BLACKBURN NORTH* BLACKBURN SOUTH* BOX HILL NORTH BOX HILL SOUTH* BOX HILL* BURWOOD EAST* FOREST HILL* MITCHAM MONT ALBERT NORTH* MONT ALBERT* NUNAWADING* VERMONT SOUTH* VERMONT*

$824,166 $744,000 $690,000 $736,500 $710,000 $736,500 $665,000 $617,000 $615,000 $952,500 $1,047,500 $572,750 $726,500 $603,500

$907,500 $769,500 $720,000 $800,000 $848,500 $800,000 $730,000 $675,000 $660,000 $1,047,500 $1,305,000 $648,000 $833,000 $678,000

$1,051,625 $801,250 $795,000 $870,000 $971,250 $870,000 $870,000 $726,000 $721,000 $1,228,500 $1,423,750 $772,500 $908,750 $857,500

$884,000 $750,000 $735,000 $753,000 $780,500 $753,000 $715,000 $688,000 $712,750 $1,020,000 $1,398,000 $650,000 $778,000 $656,000

2.7% 2.6% -2.0% 6.2% 8.7% 6.2% 2.1% -1.9% -7.4% 2.7% -6.7% -0.3% 7.1% 3.4%

14.4% 20.0% 12.4% 18.4% 10.8% 6.7% 13.1% 13.6% 11.9% 22.5% 17.1% 12.5% 13.8% 12.6%

CITY OF WYNDHAM HOPPERS CROSSING POINT COOK TARNEIT WERRIBEE WYNDHAM VALE

$297,500 $410,000 $337,500 $290,000 $289,750

$330,000 $467,000 $387,500 $315,000 $323,750

$410,000 $520,000 $476,500 $430,000 $354,375

$345,000 $474,000 $387,000 $315,000 $335,500

-4.3% -1.5% 0.1% 0.0% -3.5%

3.5% 0.0% 6.6% 7.2% 1.6%

SHIRE OF YARRA RANGES CHIRNSIDE PARK* $426,250 HEALESVILLE* $360,000 LILYDALE $485,625 MONTROSE* $438,800 MOOROOLBARK $413,000 MOUNT EVELYN* $414,250 UPWEY* $401,250

$480,000 $425,000 $530,000 $521,000 $488,375 $470,000 $487,988

$563,540 $575,000 $597,000 $600,000 $600,000 $666,250 $580,000

$476,500 $397,500 $480,000 $583,100 $470,000 $426,000 $447,000

0.7% 6.9% 10.4% -10.6% 3.9% 10.3% 9.2%

9.3% 0.6% 15.8% 5.1% 7.0% -1.2% 2.7%

Source: REIV. Copyright & Disclaimer. © 2014 The Real Estate Institute of Victoria Ltd. (REIV). All rights reserved. No reproduction, distribution, or transmission is permitted without the prior written permission of the REIV. In compiling information, the REIV has relied upon data supplied by third parties. The REIV uses recognised statistical techniques in compiling its data, and this data is checked for accuracy and questionable sales results are either verified with the selling agent or discarded. Because the REIV has relied upon data supplied by third parties, the REIV does not warrant the information’s accuracy or completeness. Subscribers specifically accept the information on as “as is” basis. To the full extent allowed by law the REIV excludes liability in contract, tort or otherwise, for any loss or damage sustained by readers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to REIV for the supply of such information.

PAGE 18

The Melbourne Preview

Issue 23

MEDIAN UNIT PRICES MARCH QUARTER 2014 MEDIAN PRICES *Indicates that less than 25 sales were recorded during the quarter Suburb

Lower Quartile

Mar-14 Median

Upper Quartile

Dec-13 Median

Quarterly Change

Annual Change

CITY OF BAYSIDE BEAUMARIS BLACK ROCK* BRIGHTON BRIGHTON EAST* HAMPTON EAST* HAMPTON HIGHETT* SANDRINGHAM

$705,000 $586,000 $732,750 $832,500 NA $526,750 $450,000 $618,750

$762,500 $685,000 $983,500 $917,150 NA $638,000 $552,000 $685,000

$1,085,000 $930,000 $1,331,250 $1,216,250 NA $914,000 $622,500 $1,069,375

$835,000 $677,500 $835,000 $862,500 NA $727,750 $612,710 $580,000

-8.7% 1.1% 17.8% 6.3% NA -12.3% -9.9% 18.1%

SHIRE OF CARDINIA PAKENHAM*

$258,125

$270,000

$274,500

$266,000

1.5%

3.8%

CITY OF FRANKSTON CARRUM DOWNS* FRANKSTON LANGWARRIN* SEAFORD*

$280,750 $258,500 $292,488 $319,000

$290,000 $312,500 $324,975 $370,000

$327,500 $348,000 $372,500 $447,500

$297,000 $275,000 $295,000 $343,000

-2.4% 13.6% 10.2% 7.9%

1.8% 7.3% 0.0% 4.7%

CITY OF GLEN EIRA BENTLEIGH BENTLEIGH EAST CARNEGIE CAULFIELD NORTH CAULFIELD SOUTH* ELSTERNWICK* GLEN HUNTLY* MCKINNON* MURRUMBEENA* ORMOND* ST KILDA EAST

$475,625 $633,125 $368,750 $542,500 $690,000 $401,000 $382,500 NA $345,000 $442,500 $406,000

$624,500 $752,500 $492,500 $753,500 $780,000 $587,000 $460,900 NA $483,000 $493,000 $510,000

$789,125 $859,125 $602,775 $867,250 $986,500 $767,500 $547,750 NA $603,000 $570,000 $598,500

$755,000 $772,000 $496,000 $676,000 $712,500 $559,000 $550,000 NA $551,000 $537,500 $525,000

-17.3% -2.5% -0.7% 11.5% 9.5% 5.0% -16.2% NA -12.3% -8.3% -2.9%

10.3% 22.5% 10.3% 15.8% 14.8% 14.9% -0.6% NA 4.5% 8.0% 5.2%

CITY OF GREATER DANDENONG DANDENONG* $200,750 NOBLE PARK* $215,000 SPRINGVALE* NA

$287,500 $277,000 NA

$332,750 $317,500 NA

$320,000 $322,500 NA

-10.2% -14.1% NA

3.7% 0.5% NA

CITY OF KINGSTON BONBEACH* CARRUM* CHELSEA* CHELTENHAM CLAYTON SOUTH* DINGLEY VILLAGE EDITHVALE* MENTONE MORDIALLOC PARKDALE

$459,500 $416,000 $445,000 $520,000 NA NA NA $532,500 $615,000 $489,500

$473,750 $445,613 $531,500 $607,500 NA NA NA $688,750 $687,500 $570,000

$405,000 $435,000 $392,500 $504,000 NA NA NA $550,000 $520,000 $500,000

13.5% -4.4% 13.4% 3.2% NA NA NA -3.2% 18.3% -2.1%

29.6% 2.3% 0.8% 6.7% NA NA NA 7.8% 10.3% 5.9%

Lower Quartile

Dec-12 Median

Upper Quartile

Dec-11 Median

Quarterly Change

BAYSWATER BORONIA* FERNTREE GULLY* WANTIRNA SOUTH*

$342,000 $360,000 $326,875 $465,000

$363,500 $420,000 $382,750 $540,000

$406,250 $470,000 $406,250 $550,500

$351,000 $375,000 $381,000 NA

3.6% 12.0% 0.5% NA

-0.8% 3.0% 3.2% 6.2%

CITY OF MANNINGHAM DONCASTER EAST* DONCASTER DONVALE* TEMPLESTOWE*

$542,000 $438,875 NA $515,000

$625,000 $560,000 NA $640,000

$690,000 $767,500 NA $715,000

$702,500 $657,500 NA NA

-11.0% -14.8% NA NA

10.0% 10.8% NA 10.0%

CITY OF MAROONDAH CROYDON NORTH* KILSYTH* RINGWOOD RINGWOOD EAST*

$375,000 $378,750 $381,250 NA

$465,000 $435,400 $430,000 NA

$480,000 $449,250 $531,000 NA

$401,100 $391,500 $410,000 NA

15.9% 11.2% 4.9% NA

5.9% 10.5% 10.8% NA

CITY OF MONASH ASHWOOD* BURWOOD* CHADSTONE* CLAYTON* GLEN WAVERLEY* MOUNT WAVERLEY MULGRAVE* OAKLEIGH*

NA $670,000 $552,000 $491,000 $603,000 $560,500 $452,500 $360,000

NA $730,000 $612,000 $550,000 $702,000 $610,000 $473,000 $576,250

NA $795,000 $675,000 $665,000 $795,000 $805,000 $530,000 $582,500

NA $612,500 $663,500 $497,500 $628,000 $662,500 $530,250 $567,000

NA 19.2% -7.8% 10.6% 11.8% -7.9% -10.8% 1.6%

NA 5.7% 14.3% 3.2% 18.5% 6.4% 11.0% 13.4%

$477,000 $412,000 $485,000

$638,000 $653,250 $522,500

$467,500 $460,000 $485,000

2.0% -10.4% 0.0%

12.2% 6.5% 6.4%

$495,000 $521,250 $530,000 $373,000 $530,000 $425,750 $710,500 $557,500 $388,000 $468,750

$545,000 $640,000 $672,500 $448,000 $562,000 $551,000 $775,000 $653,000 $481,000 $591,000

$820,000 $735,000 $735,050 $509,250 $710,000 $655,000 $1,016,400 $729,750 $592,100 $638,000

$550,000 $609,000 $640,000 $475,500 $511,500 $525,000 $750,000 $675,000 $520,000 $524,000

-0.9% 5.1% 5.1% -5.8% 9.9% 5.0% 3.3% -3.3% -7.5% 12.8%

14.4% 0.9% 6.8% 7.0% 25.3% 7.0% 15.2% 28.2% 12.9% 14.8%

$222,500

$245,000

$258,500

$252,500

-3.0%

1.4%

CITY OF KNOX

SHIRE OF YARRA RANGES HEALESVILLE* NA LILYDALE* $337,000 MOOROOLBARK* $341,250

NA $375,000 $380,000

NA $413,000 $417,500

NA $356,500 $353,750

NA 5.2% 7.4%

NA 6.5% 0.3%

HIGHEST TURNOVER MARCH QUARTER 2014

MOST EXPENSIVE, MOST AFFORDABLE

$373,125 $411,250 $394,750 $418,050 NA NA NA $421,875 $457,950 $427,750

0.6% 10.5% 1.8% 29.4% NA 9.3% 0.4% -1.9%

Highest Turnover, Houses, Metropolitan Melbourne, Original 1 2 3 4 5 6 7 8 9 10

Suburb PAKENHAM FRANKSTON MOUNT MARTHA GLEN WAVERLEY MORNINGTON RESERVOIR MOUNT ELIZA ROSEBUD MOOROOLBARK CRAIGIEBURN

Mar-14 Median $356,000 $380,150 $693,750 $945,000 $525,000 $545,000 $755,000 $400,000 $488,375 $360,000

Number of Sales 129 104 101 97 97 87 85 84 83 80

Highest Turnover, Units & Apartments, Metropolitan Melbourne, Original 1 2 3 4 5 6 7 8 9 10

Area MELBOURNE ST KILDA SOUTH YARRA RESERVOIR DOCKLANDS RICHMOND HAWTHORN SOUTHBANK BRUNSWICK CROYDON

Mar-14 Median $405,000 $480,000 $540,500 $404,000 $622,500 $552,500 $540,000 $543,000 $485,000 $405,000

Number of Sales 219 118 107 85 74 74 67 65 60 60

Suburb

SHIRE OF MORNINGTON PENINSULA MORNINGTON $400,000 MOUNT ELIZA* $323,500 MOUNT MARTHA $431,250 CITY OF WHITEHORSE BLACKBURN* BOX HILL NORTH* BOX HILL SOUTH* BOX HILL FOREST HILL* MITCHAM MONT ALBERT NORTH* MONT ALBERT* NUNAWADING* VERMONT* CITY OF WYNDHAM WERRIBEE*

Annual Change

Most Expensive 1 2 3 4 5 6 7 8 9 10

Suburb TOORAK KEW BRIGHTON BALWYN SURREY HILLS CAMBERWELL HAWTHORN GLEN IRIS HAMPTON BALWYN NORTH

Mar-14 Median $2,430,000 $1,944,000 $1,915,500 $1,740,000 $1,551,000 $1,525,000 $1,505,000 $1,310,000 $1,307,500 $1,301,500

Quarterly Change -15.5% 14.4% 13.6% 11.9% 11.4% -2.1% -10.7% -5.1% -6.6% -5.0%

Most Affordable 1 2 3 4 5 6 7 8 9 10

Suburb MELTON WEST CRANBOURNE WERRIBEE WYNDHAM VALE HOPPERS CROSSING TRUGANINA CARRUM DOWNS ST ALBANS PAKENHAM CRAIGIEBURN

Mar-14 Median $290,000 $313,750 $315,000 $323,750 $330,000 $341,500 $347,000 $355,000 $356,000 $360,000

Quarterly Change 1.2% 1.2% 0.0% -3.5% -4.3% -16.6% 3.0% -2.7% 3.2% -2.7%

The Melbourne Preview

Issue 23

PAGE 19

History...

The Yarra - the heart of Melbourne As the early explorers travelled the Victorian coast and seached for suitable sites for settlement, the importance of a plentiful supply of fresh water was paramount. The first European settlement in Victoria was the Collins Settlement near Sorrento in 1803. Shortly after arriving at the settlement, a party was dispatched to explore Port Phillip Bay. They came back to report that the land was poor and there was a distinct lack of fresh water. The explorers had failed to discover the Yarra River. The Collins Settlement was soon abandonned and the residents there left for the “greener pastures” of Van Diemen’s Land. The notable exception was William Buckley who stayed behind and lived with local aboriginies for 30 years. Little did they know that offshore there lay an ancient channel where the mighty Yarra River once cut through now flooded plains to join the ocean at the heads of modern day Port Phillip Bay. And that mighty river, now receeded 50 kilometres from the rip, contained a plentiful supply of fresh water. Also unknown at the time was that one of the Collins Settlement’s younger members would go on to found Melbourne. John Fawkner Pascoe turned eleven the day after arriving at the Collins Settlement with his mother and convict father. He went to Van Diemen’s Land when the settlement was abandonned but was destined to return and make his mark in history. In 1835 he decided to financed a party of free settlers from Van Diemen’s Land (now called Tasmania), to sail to the mainland. In April 1835, John Pascoe Fawkner purchased the topsail schooner, Enterprize, to search for a suitable settlement site in the Port Phillip District. Fawkner’s party sailed to Port Phillip and up the Yarra River to found a settlement which became the city of Melbourne. John Batman led an exploring party to Port Phillip District in May 1835. He explored a large area in what is now the northern suburbs of Melbourne, as far north as Keilor, and saw it as ideal country for a sheep run. When he found the current site of central Melbourne, he noted in his diary of 8 June 1835, “This will be the place for a village.” and declared the land “Batmania”. Batman’s Treaty negotiations with Kulin peoples took place in June 1835 on the banks of the Merri Creek in present-day Northcote. Batman negotiated a treaty (now known as Batman’s Treaty but also known as the Dutigulla Treaty, Dutigulla Deed, Melbourne Treaty or Melbourne Deed), with Kulin peoples to rent their land on an annual basis for 40 blankets, 30 axes, 100 knives, 50 scissors, 30 mirrors, 200 handkerchiefs, 100 pounds of flour and 6 shirts. It is unlikely that Kulin people would have understood this as a transfer of land or agreed to it if they had but, as Percival Serle wrote, “No doubt the blankets, knives, tomahawks, etc., that he gave them were very welcome”. On 15 August 1835, the Enterprize entered the Yarra River. After being hauled upstream, she moored at the foot of the present day William Street. On 30 August 1835 the settlers disembarked to build their store and clear land to grow vegetables. The Fawkners arrived in the Port Phillip District, on Friday, 16 October 1835, on the second trip of the Enterprize. Fawkner was keen to secure his place in history. He opened Melbourne’s first hotel on the corner of William Street and Flinders Lane. He published the Melbourne Advertiser on 1 January 1838 which was the district’s first newspaper. The Advertiser’s first nine or ten weekly editions were handwritten in ink. The old wooden printing press brought to Tasmania by Lt. Governor David Collins in 1803, and some worn typeface were eventually obtained from Launceston and the first printed edition appeared on 5 March 1838. It was to last for a further 17 editions when it was closed down

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The Melbourne Preview

on 23 April 1838 for want of a newspaper licence from Sydney. The Port Phillip Patriot and Melbourne Advertiser was commenced on 6 February 1839 by newly licensed John Pascoe Fawkner. It was published daily commencing on 15 May 1845. Batman and his family settled at what became known as Batman’s Hill at the western end of Collins Street. He built a house at the base of the hill in April 1836. Batman’s health quickly declined after 1835 as syphilis had disfigured and crippled him, and he became estranged from his wife, convict Elizabeth Callaghan. They had had seven daughters and a son. His son drowned in the Yarra River. The Yarra flows 242 kilometres west through the Yarra Valley which opens out into plains as it winds its way through Greater Melbourne before emptying into Hobsons Bay in northernmost Port Phillip Bay. The river was a major food source and meeting place for indigenous Australians from prehistoric times. Shortly after the arrival of European settlers land clearing forced the remaining Wurundjeri to neighbouring territories and away from the river. Originally called Birrarung by the Wurundjeri, the current name was mistranslated from another Wurundjeri term in the Boonwurrung language; Yarro-yarro, meaning “ever-flowing”. The river was utilised primarily for agriculture by early European settlers. The river was instrumental in the establishment of Melbourne along its banks from 1835 onwards. The new settlement’s main port was sited near Queensbridge, the place where saltwater met freshwater. Ships would use one side of the falls while the other side provided fresh drinking water for the town and a convenient sewer. In the city’s early days the Yarra was one of two major ports, the other being Sandridge or Port Melbourne, but the Yarra was preferred due to the direct access to the town’s main streets and was the location of Customs House. Early industries grew along the banks of the river, rapidly degrading the water quality until Melbourne’s fresh water had to be sourced from elsewhere. The first permanent crossing over the river was Princes Bridge, which first opened as a wooden trestle bridge in 1844. The current bridge was constructed in 1888. In the early days, the river would frequently flood. The Upper Yarra Dam was later constructed to alleviate the flooding, protecting settlements along the river, yet depriving the river banks of soil and silt deposits and causing other problems such as erosion and salinity. Gold was first discovered in Victoria near the Yarra River in Warrandyte in 1851. The river was drained and diverted in various areas throughout the gold rush to aid gold miners. The Gold Rush saw increased development in Melbourne and “tent cities” of new migrants Issue 23

Above:Landing in Melbourne, 1840. Right: John Fawkner Pascoe.

Above:John Batman Below: Batman signs treaty.

lined the Yarra during the early years of the gold rush. In the 1840s a weir was built at Dights Falls to power a flour mill and to give some control over the river downstream from there. From the earliest years of settlement, the mid and upper reaches of the Yarra began to be used for recreation. The river was selected as the site for the Royal Botanic Gardens in 1846 and the course of the river was modified slightly for the creation of a feature lake. Sections of the river mouth and the area around the former West Melbourne Swamp were widened in the late 19th century, to make way for docks, harbours, bridges and

other infrastructure. The increasing industrialisation of the river and the growth of the shipping industry saw the need for major infrastructure works which dramatically changed the course of the river in its lower reaches. The creation of new shipping channels to cope with the growing use of the Yarra by cargo ships was first tabled in the 1870s. Today the Yarra is the heart of Melbourne. The city has risen around it and embraced it. Its ancient legacy are our modern day shipping channels through Port Phillip Bay keeping a huge population supported with goods and allowing us to export to the world.

Puzzles... 1

Sudoku and crossword solutions D L O U

O T A

M A A

T R

S F U

D L

A N O

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D A

T M

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U Q U

L S

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N D O N A

DOWN 1. Reported speech 2. Whisky measure 3. Alien ships (1,1,2) 4. Oven-load (of scones) 5. Improvising (2-7) 6. Round Table warrior 9. Identifies

11. Partly cooked 13. Corrode, ... away at 15. School subject 16. Cops 18. US tycoon, ... Trump 19. Composition for eight 21. Abide by (rules) 22. Half

24. Smarter 25. Land for livestock

ACROSS 1. Rectangular courtyards 7. Intermittently (3,3,2) 8. Atlantic or Pacific 10. Slaughtering 12. Numbed 14. Illegally assist 16. Hotels 17. Filtered 20. Native garments 23. Old photo colour

Fashion... Looking your best for style and success Not only does Adam Butler know how to dress well, but he wants to dress you well too. The Mornington resident is one of the only male image consultants in Victoria and he is here to help. “A few years ago, my wife went to see an image consultant, and I really got it,” said Adam. “I had a visual merchandising background and understood the presentation aspect of clothes”. As his other career had come to a crossroad, he decided to embark on a new adventure, and Style Butler was born. Adam embarked on training to be an image consultant. When you think of a personal image consultant, you think it is the realm of the rich and famous, but imagine having your own image consultant to organise your wardrobe, assist you in what to wear, and even accompany you on shopping trips? Style Butler does just that. The good news is, rather than spending a fortune on an image consultant, it will probably save you money! “Most people wear 20% of their clothes 80% of the time,” said Adam. “If you consider that the average person has 100 items in their wardrobe, and that the average price of each item is around $75, then your wardrobe is valued at about $7500. Following on from the 20/80 rule most of us live by, then you are getting great value from $1500 of your wardrobe but little or no value out of $6000 of your wardrobe. My job is to eliminate that waste and save you

money while making you look great!” Adam sees a fundamental problem with how people shop without understanding what suits them. “Often you buy clothes that end up unworn in the wardrobe. They might be items you brought on sale, or you were shopping with a friends, or you’ve seen it in a catalogue and thought it was perfect, or you were simply convinced by a salesperson trying to get a sale. We need to eliminate those items!” So what does Adam do to get you looking and feeling your best? Initially, he does a style and colour consultation. He looks at your body shape and ascertains what works best and why. And then where to find those clothes. “It is usually a light bulb experience to people. They finally get it and then understand how to dress properly” said Adam. “It’s not about spending lots of money to look your best, either. It is about looking the best you can within your budget. For some people that is shopping at expensive boutiques, but for others that is might be how to opshop to suit your shape, or how to be your best shopping at DFO!” Adam also offers wardrobe audits where he will clean out what isn’t working and keep what is. Another service he offers is personal shopping trips where he can help you put what you have learned in your colour and style consultation into practice.

“You’d think that is something an image consultant would do all the time, but often we’ve already instilled the knowledge into people during their consultations to shop with confidence on their own”. Style Butler’s clients are from all walks of life. Professionals, people wanting a new lease on life, people getting back into the dating game and people wanting to learn how to save money. “Surprising enough, clients are many and varied. From high-flying business people to teachers and ministers. These are all people to whom communication is vitally important, and there is no doubt that the way you dress effects your ability to communicate effectively.” Being one of the only male image consultant in Victoria, he gets lots of men who come to him for help “I think they feel more comfortable coming to a fellow male. Having said that women still make up 80% of my clients.” How about the cost? “It really is affordable. If you showed your accountant how much you spend on clothes and how you utilise them, they’d definitely recommend an image consultant”. Want to look fantastic and save money too? Maybe you should give Style Butler a call. Consultation rates start at $275 for a two hour session. Adam from Style Butler can be contacted on 0438 734 840 or by email on adam@stylebutler.com.au. Website: www.stylebutler.com.au

The Melbourne Preview

Issue 23

PAGE 21

Meet the team, selling all over Melbourne... Manos Findikakis

Maria Findikakis

Arthur Proios

David Politakis

Stuart Aldridge

Jim Arvanitakis

Jarrod Carman

Director / Licensed Estate Agent

0438 230 465

0417 301 875

0414 676 641

0438 779 735

0402 464 511

0416 267 803

0423 144 102

George Findikakis

Bryan Hanson

Andrew Melas

Tina Melas

Peter Nicholls

Mike Oâ&#x20AC;&#x2122;Neill

Noel Susay

Director / Licensed Estate Agent

Owner / Licensed Estate Agent

Licensed Estate Agent

Director / Licensed Estate Agent

0418 397 268

0477 100 111

0409 920 917

0409 920 918

0411 652 421

0428 548 201

0450 069 506

Ameal Alkawasmi

Vic Apakian

Anastasia Arvanitakis

Ash Atnerkar

Sandra Bardebes

Evelin Bekins

Caitlin Broomhall

Sales Consultant

Licensed Estate Agent

Sales Consultant

Licensed Estate Agent

Sales Consultant

0404 891 288

0431 597 450

0414 267 830

0422 924 261

0414 707 455

0411 600 768

0422 411 013

0405 512 999

Michelle Braggins

Sam Bucca

Catherine Buchan

Owner / Licensed Estate Agent

Maryanne Cardillo

Cynthia Chow

Badiha Cook

Patrick Cornish

Jack Dover

Paul Duff

Sales Consultant

0412 755 544

0497 123 123

0418 948 287

0401 28 28 08

0438 352 456

0438 238 453

0411 367 699

Head of Eview Special Projects Division

0400 463 007

Janice Dunn

Rebecca Dunn

Bill Ewing

Boris Fedotov

Kerry Fisher

Michael Galluzzo

Liz Garrett

Rod Gatt

Owner / Sales Consultant

Sales Consultant

Licensed Estate Agent

Sales Consultant

0402 285 698

0402 829 877

0432 738 920

0407 140 834

0419 778 767

0417 532 558

0450 655 597

Jarod Joseph

Peter Gourdouros

Andrea Hannah

Lesley Hanson

Erik Hove

Andrew Incoll

Sales Consultant

Sales Consultant / Auctioneer

Sales Consultant

0431 515 527

0401 181 392

0439 563 524

0417 400 660

0407 740 948

0458 766 700

0451 100 972

0427 051 084

Hamid Ghasemi

PAGE 22

Analia Ghiorzi

The Melbourne Preview

Issue 23

Dena Kibblewhite

Tony Ladiges

Derek Lea

Michael McClure

Daniel McGlashan

David McKee

Steve Mencev

Marc Mills

Sales Consultant

Owner / Sales Consultant

Sales Consultant

0404 406 740

0414 905 873

0412 204 036

0403 736 761

0407 545 243

0419 150 009

0425 420 456

0421 395 555

Emmanuel Polymenopoulos

Leanne Poulton

John Rault

Lou Reghenzani

Jonathon Rivett

Aviva Rotstein

Sales Consultant

Licensed Estate Agent

Sales Consultant

Licensed Estate Agent

Sales Consultant

0437 441 127

0407 303 858

0408 508 307

0421 026 520

0433 923 332

Stewart Montgomery

Paul Organtzidis

Licensed Estate Agent

Sales Consultant

0437 090 010

0431 646 115

0435 753 655

Jeremy van der Beek Katherine Vasilopoulos

Camen Ruiz

Khalid Sarwari

Ghafour Sarwari

Jo Taylor

Monica Thatcher

Jamie Universita

Sales Consultant

Sales Consultant / Auctioneer

Sales Consultant

Licensed Estate Agent

Sales Consultant

0411 121 070

0422 406 705

0407 090 491

0414 868 799

0402 984 018

0400 572 672

0421 963 468

0422 087 657

Steve Walsh

Karin Walters

Robert White

Michael Chong

Nick Proios

Licensed Estate Agent

Sales Consultant

Licensed Estate Agent

Sales Consultant

0488 179 767

0407 789 877

0403 746 686

0402 006 553

0400 384 262

0478 778 669

Ian Vine

Rachel Double

Janan Erdem

Taryn Gauci

Property Manager

8781 3888

9749 8008

Cheryl Keher

Liane Owen

Owner - Business Development Managerr (Rentals)

Business Development Manager (Rentals)

8781 3888

0428 233 738

Rebecca Sullivan

Angela Mawhinney

Nicole McBride

Kim O’Loughlin

Property Manager

0400 654 606

8781 3877

0427 235 786

0458 550 198

Megan MacSweeney

Rebecca Tyler

Melissa Whyte

(OE\ :LQÀHOG

Elise Wishnowsky

Jodie Young

Sarah Burleigh

Emma Crowder

Thekla Findikakis

Sales Consulttant / Property Manager

Property Manager

Administration

Partner / Administration

0477 799 222

8773 1888

0400 520 835

5962 1053

8781 3877

8781 3888

Fiona Lowe

Brooke Lowery

Sarah Norton

Ros O’Neill

Kim Saunders

Rebecca Tavcar

Oscar Ciernohorsky

Julie Andreson

Administration

IT Administrator

Human Resources

5987 1444

8781 3888

5987 1444

8781 3888

8773 1888

8781 3888

0425 881 152

The Melbourne Preview

Issue 23

PAGE 23

Technology; itâ&#x20AC;&#x2122;s part of our DNA. List. Get Noticed and SELL your property with Eviewâ&#x20AC;&#x2122;s advanced technology and marketing strategies. &DOO XV WRGD\ WR Ă&#x20AC;QG RXW KRZ RQ HYLHZ

PAGE 24

The Melbourne Preview

Issue 23