Local Find: CLO Studios

In our latest feature as part of our Local Finds series, we interview Chloe Tozer, founder of CLO Studios. As an interior design atelier, CLO Studios is responsible for the interiors of some of the most iconic properties in Noosa, and offers a selection of unique furniture and works by local artists in their recently expanded boutique. Chloe talks about her journey from jewellery artisan to interior designer; the recent rebranding of her business, and her plans to expand their online store. Scan the QR code above to read the full interview.

clostudios.com.au

• nellerre.com.au/articles

In this edition, we speak with Oliver Bruce, the Director/Auctioneer of Marshall White’s Port Phillip office – a diverse, bustling region south of Melbourne’s CBD.

Melbourne, Australia

What is the general state of the market at present in the city of Port Phillip?

“ We are dealing with levels of under supply I have not witnessed during my 20+ years in the industry; this scarcity of available stock has heightened competition amongst buyers vying for the properties that are on market, pushing up prices and in some cases, recording record results, particularly in the prestige sector.”

What do you feel has attributed to the recent changes in the market?

“ The increase in interest rates and trepidation around this has certainly caused hesitation amongst vendors; many not confident that the timing to sell is right, and therefore holding their property for longer and playing the waiting game. This uncertainty has exacerbated the shortage of stock, reducing choice for buyers.”

Have you noticed an influx of people moving back to Melbourne now the Pandemic has reached its peak?

“ No, not an influx – however, there has been some noticeable movement on a micro scale in this area; there is certainly movement back interstate and inland to the country. ”

How do you expect the market to perform in Melbourne for the remainder of the year and beyond into early 2024?

“ Generally, winter is the least active time, then as we hit school holidays and head towards spring it gets busier with not only increased stock levels, leading to a more balanced market and possibly downward price pressure related to the more listings creating a wider choice.”

What would be the best advice for any vendor who is on the market at present?

“ Polished professional marketing is essential to ensure your property stands out, it enhances perception of value as well as volume of enquiry; and of course, presentation needs to be first-class.”

Have you noticed an increase in people moving from your area to Noosa?

“ Yes, I know people including clients, friends and those in my wider network who have relocated to Noosa, even a few real estate agents; I’m not anticipating they will move back any time soon, if ever! ”