The Juice - May 2017

The Juice

Issue Five | May 2017

Fresh From The Market - Latest news from the C&G team The market continues to show a substantial period of strength with clearance rates still averaging around the 80% mark.

Winter months create a surprising opportunity for shrewd vendors to fill the market demand. History shows in Inner Bayside over $443 million worth of property was sold last winter.

Continues inside

Inside: Fresh From the Market

Handpicked Local Events

Stamp Duty Changes Effective from July

Five Minutes With...

Handy Hints For‌

Matt Mitchell, Torsten Kasper, Sam Gamon, Jon Kett & Nick Jones

Fresh From the Market Elwood Elwood properties, on average, are spending Black Rock In both Black Rock and Beaumaris, approximately 28 days on the market. There was a undersupply and strong demand is driving the market total of just under $62 million worth of property sold place along with the strength and safety of bricks in the last quarter. The Elwood team have had several and mortar combined with low interest rates. Good weekends with clearance rates of 100%. Importantly quality family homes, townhouses and villa units are very highly sought after and transacting well. In Black there have been just as many private sales creating Rock, the median price for this period was $1,880,000 outstanding outcomes for clients. The median house price for the quarter was $1,430,000 and the median - up 10.9% for the quarter and 19% for the year. In unit price was $545,000 Beaumaris, the median price for this period was $1,475,000 – up 6.7% for the year.

Mount Martha The first quarter of the year has shown healthy growth in Mount Martha with an increase in Port Melbourne With 48 house and townhouse house prices of 7.1%. With winter fast approaching and sales in Port Melbourne in the first quarter of this year, compared with 64 this time last year, this illustrates why buyers still in abundance in the area, now is a fantastic time to put your home on the market and take the median house price has jumped up this quarter from $1,452,000 ending December 2016 to $1,735,000 advantage of the median Mount Martha house price of $1,012,500. We have also had several off market ending March 2017: less houses coming up for sale drives competition resulting in higher prices. The office sales of significance, so the discreet sale has been effective in the local area. has a 100% success rate for house auctions in 2017.

The demand for apartments is also high as less apartments are coming into the marketplace - 78 other 56% selling this quarter compared with 96 the same time last year – and Chisholm & Gamon Port Melbourne have sold more apartments in this quarter than any other agency.

Market Share Elwood

44%

Percentage of all residen9al proper9es sold April 2016 to March 2017 *source propertyanay9cs

Chisholm & Gamon

other

Handpicked Events in Your Local Area 2017 Bayside Acquisitive Art Prize The Gallery at Bayside Arts and Cultural Centre http://baysideacquisitiveartprize.com.au/

6 MAY 18 JUNE

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JUNE

Winter Winefest 2017 Red Hill Recreation Reserve http://www.mornpen.vic.gov.au/EventsActivities/Winter-Wine-Fest-2017

10

JUNE

A celebration of 60 Years of the Port Melbourne Colts Football Club The Yarraville Club http://portcolts.com.au/events1/

5

Black Rock House Historic Ghost Tour https://www.trybooking.com/book/ event?eid=204852&

JULY

Stamp Duty Changes Effective 01/07/2017

With housing affordability an increasingly hot topic as median property prices rise month after month right across Melbourne’s metropolitan area, the recent announcement by the Andrews Government will provide some much needed relief to first home buyers.

Coming into effect on July 1 this year, first home buyers will be exempt from paying stamp duty on the purchase of their principal place of residence (PPR) provided the purchase price is $600,000 or under. In real terms, this means savings of up to $15,535 – an amount which will go a long way to furnishing their new home or indeed simply reducing the mortgage stress. Shortened supply and increased competition only add to the pressure placed on those entering the property market for the first time, but this change will surely be welcome news.

In addition, in an attempt to level the playing field, the stamp duty savings offered for off-the-plan investment property purchases will be removed - stamp duty savings will still be available to those purchasing their PPR off-the-plan.

2017 Winter Auction Calendar MAY 2017

JUNE 2017

Mon Tue Wed Thu

4

Fri

5

Sat Sun

1

2

3

6

7

8

9

10 11 12 13 14

JULY 2017

Mon Tue Wed Thu

Fri

29 30 31

1

2

3

5

8

9

10 11

6

7

Sat Sun

4

15 16 17 18 19 20 21

12 13 14 15 16 17 18

22 23 24 25 26 27 28

19 20 21 22 23 24 25

29 30 31

26 27 28 29 30

1

2

3

SCHOOL HOLIDAYS

4

PUBLIC HOLIDAYS

1

2

AUGUST 2017

Mon Tue Wed Thu

Fri

Sat Sun

26 27 28 29 30

1

2

3

8

9

4

5

6

7

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

1

2

3

4

5

6

Mon Tue Wed Thu

SEPTEMBER 2017 Fri

4

Sat Sun

31

1

2

3

5

6

7

8

9

10 11 12 13

Mon Tue Wed Thu

Fri

28 29 30 31

1

2

3

4

8

9

10

5

6

7

Sat Sun

14 15 16 17 18 19 20

11 12 13 14 15 16 17

21 22 23 24 25 26 27

18 19 20 21 22 23 24

28 29 30 31

25 26 27 28 29 30

1

2

3

AUCTION DATES

Winter… fewer properties = more buyers.

Call us on 9531 1245 now to take advantage of winter.

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Five Minutes With...

Handy Hints For… Making Moving Day Easier Clear things out Try to be ruthless and remove as much unwanted clutter as you can – lighten the load for moving day Be smart with electronics Take photos of the back of your electronics before unplugging them. It’ll be an invaluable guide to getting your digital set up back up in the new home!

Geoff Lindsay, Dandelion

When you have visitors, where in Melbourne do you always take them?

Definitely to DiStasio, my favourite Melbourne restaurant - particularly the bar! Also Queen Vic, Prahran & South Melbourne markets and the MCG for the atmosphere.

Connect your electricity and water Obvious… but so often overlooked!

What would be your dream holiday if you could choose anywhere in the world?

New York has got everything! As a boy who grew up in the country, cities are the most exciting places for me and the bigger the better!

Pack a ‘survival’ kit Pack a bag of essentials you’ll need for the day or two you’re on the move. PJ’s, makeup, toothbrushes, deodorant, a change of clothes and underwear will form a pretty solid survival kit.

What is your favourite foodie destination?

Vietnam, I go every year for new ideas for Dandelion.

It constantly offers amazing food at amazing prices.

Incredible regional differences and great diversity. It’s very hard to get a bad meal in Vietnam!

Prep your truck When disassembling furniture, store the nuts and bolts in labelled zip lock bags so you can easily put the furniture back together again!

Any furniture being moved “as is” will need doors and drawers taped down so they don’t swing open in transit. If you can, organise the way the truck is loaded into different sections to make unloading a lot easier.

In your opinion, what makes Dandelion stand out from the crowd?

Dandelion offers a high end take on Vietnamese cuisine. We don’t try to be authentic or traditional, but we strive to be culturally respectful using premium Australian ingredients with Vietnamese recipes and techniques. We place as much importance on service, the wine and the look & feel of the restaurant as we do on the food.

Elwood 9531 1245 | 90 Ormond Road 3184 Black Rock 9589 3133 | 3 Bluff Road 3193 Port Melbourne 9646 4444 | 1 - 103D Bay Street 3207 Mount Martha 5974 6888 | 7A Bay Road 3934 Chisholmgamon.com.au

What menu item are you most proud of and why?

The menu as a whole makes me very proud. It showcases the best of Vietnamese cooking including all the cultural influences in Vietnamese including French, Japanese & Chinese, as well as its great geographical diversities - the mountains, rivers, and the sea. The food is refined & contemporary, perfectly aimed at Elwood and Melbourne diners! https://dandelion.ws/ *Should your property be exclusively listed with another agent please disregard this notice.