Morrison Kleeman Autumn Quarterly

CELEBRATING OVER 32 YEARS OF SERVICE IN THE NORTH EASTERN SUBURBS

The outlook for buying, selling and investing in 2024

Market Report – Autumn 2024

The housing upswing has carried over into 2024 with national dwelling values on the rise at 0.4% in January according to CoreLogic’s national Home Value Index (HVI). This is up from the 0.3% we closed off 2023 with in November/December.

The ever-present downside of the soaring demand for homes is of course, the failure of supply to keep up. However, if you are a home owner looking to sell the news is only positive with the value of homes having risen to 16.7% higher over the past 12 months.

These numbers mark the twelfth consecutive month of value rises, but CoreLogic’s Research Director Mr Lawless has predicted that we will see the momentum begin to slow –particularly in both Melbourne and Sydney with the flattening of growth

conditions. Already, we have seen a slight decline reported in a number of states including that of 0.1% in Melbourne.

We’ve started 2024 much in the same way we left 2023 in terms of auctions, with another surge both in the volume of properties being auctioned off and the clearance rates. With 1,671 auctions held across the combined capitals, the last week of January saw the second-biggest start to the auction seasons since CoreLogic auction records commenced in 2008, rivalled only by the first week of February 2022 which saw 1,779 auctions.

Despite the ongoing cost of living pressures, high interest rates, low consumer sentiment and affordability constraints, homes are still selling. Housing demand has

been buoyed by high migration, but also that tight rental markets, Mr Lawless speculates, “have probably incentivised renters to transition towards home ownership if they can afford to do so”.

At Morrison Kleeman, our team understands that the eyewatering heights of interest rates, costs of living, coupled with the value of homes and auction rates can be daunting. This is why we want to encourage the members of our community to seek our advice, whether you’re interested in finding out what the current market means for your property, or you require tailored advice about the areas you wish to buy or rent in, our team is here for you!

Copyright Morrison Kleeman – Views expressed by contributors

Notable

Writer: Skye Martin Marketing Coordinator: Laura Priddle

Project Manager: Amanda McGibbon

‘The Mane Way’ - Kahlee Vassos

Ask yourself, how many of us have found ourselves regretting our life decisions whilst holding a bottle of black box-dye in our hands at 6pm on a Wednesday night? How many of us have taken kitchen scissors to cut bangs with all the confidence in the world only to later be forced to accept that you won’t be wearing your hair down for the next three to four months?

Particularly in a world on the other side of lockdowns, this Writer would love to have been a fly on the wall when Melbourne’s hairdressing clientele turned up for their first appointment after months of isolation and boredom.

A hair salon is a place specifically designed for your self-care and indulgence. It allows us to take a moment out of our busy lives to just focus on feeling good, sitting down in the chair as one person and leaving feeling refreshed and ready to check ourselves out in every shop window on the way back to the car.

Self-care is one of the main elements that the owner of ‘The Mane Way’ hair salon, Kahlee Vassos, has built her business on. So much so, that when you enter ‘The Mane Way’ on Louis Street in Greensborough, you can expect to hear the sounds of dryers on freshly washed hair and chatter between stylists and clients, but the one thing you will not hear, is the sound of a ringing phone. This might seem like a small detail, but Kahlee explains that her decision to remove phone-call appointments/enquiries from her business helps herself and her stylists remain focused on their work, and ensures that clients can truly enjoy their self-care time without the intrusive, shrill ring of a phone going off at random intervals. Another benefit to a text message/

email-based booking system, is that potential clients can attach images to their requests, allowing the Kahlee’s salon to allocate the appropriate amount of time to achieve each person’s hair-goals.

Originally working out of a homesalon, Kahlee opened ‘The Mane Way’ in 2019 to not only accommodate an ever-growing clientele, but to fulfill the motivation to create a space that was safe for her clients to feel special and also for her team to learn and grow at pace with the ever-evolving industry. ‘The Mane Way’ specialises in blonde and balayage colouring techniques, but are strong in their statement that hair health is always the main specialty.

At ‘The Mane Way’, every client that sits before their mirrors is different, and this salon recognises that. Which

is why Kahlee’s team has been trained to appreciate which new colours and styles will complement their clients and their natural elements, to design a service that is specifically catered to each individual person.

With a full range of products available for purchase, stylists who take the time to chat about client concerns and make person-specific recommendations, coupled with a full beverage menu including coffee, tea and cocktails – ‘The Mane Way’ takes self-care to a whole new level.

So, if you’re still wondering if that short-bob will suit you, need a drastic change or just want to relax with a cocktail while indulging in a pampering session, there’s only one way to go, and that’s ‘The Mane Way’. You can contact them on 0413 871 124 or pay them a visit at 20 Louis Street, Greensborough.

NOTABLE LOCALS

PEOPLE AND PLACES OF NOTE IN THE DIAMOND VALLEY

‘Langan’s Foodstore’

Nestled amongst the gum trees of Hurstbridge, surrounded by the ambience of kookaburra song and golden wattle trees, sits a rustic building with exposed bricks and beams, adorned with an outdoor seating area arranged with granite slab tables, known as ‘Langan’s Foodstore’.

This family-run business truly encompasses everything it means to be a local from ‘the sticks’ of Melbourne, Victoria, with the owner herself, Kate, describing it as a place where “day trippers and locals can find peace and serenity” away from the bustling big city.

Open seven days a week for breakfast and lunch, Langan’s Foodstore offers a well-rounded menu with a little something for everyone. Whether a glass of local wine over a cheese board or charcuterie plate sparks your fancy – perhaps some lamb koftas, spring rolls, arancini’s and croquettes, all made-in house – or even a vast array of cakes, biscuits and slices for the sugar-lovers – Langan’s caters for all tastes. Even the furriest members of the family can expect a treat at this local business, with homemade peanut and honey dog biscuits

lovingly-rolled into the shape of dog bones on offer.

With Kate originally growing up in Eltham and eventually settling in North Warrandyte, Hurstbridge has always felt like an extension of the rustic-living she’s always known. Which is why Kate describes this location for her first retail space, after working in hospitality for thirty years, as having “chosen her”. It was this

business owner’s dream to create a warm, unique space for people to feel at home in, with outdoor seating to enjoy the sunshine in the warmer months, and a great roaring fire inside to lounge around during winter.

In 2024, The Langan Foodstore have exciting plans to introduce a range of captivating events. From live music and cooking classes to wine tastings and Sunday afternoon band sessions, there will be something special for locals and passersby to enjoy. Stay tuned for event details, which will be featured on the store’s Facebook page.

For a chance to soak up the tranquillity that Kate has so lovingly carved out of Hurstbridge’s rustic setting in the Langan Foodstore, or to even hire the space out for your next event, you can find it at 1/850 Heidelberg-Kinglake Road or give them a call on 8104 2807.

Introducing our New Team Members

DANIEL BRITTAIN

Daniel Brittain is a true local, embodying integrity and honesty in every aspect of his life. Having always called Nillumbik home, he grew up in the area, attended local schools, and even led the Eltham Redbacks Soccer Club. With over a decade of experience in local real estate, Daniel has cultivated lasting connections with repeat clients, generously sharing his extensive local knowledge. His commitment to transparency and trustworthiness sets him apart in the industry.

DAVI D JU DGE

David Judge

Licensed Estate Agent 0413 331 830

djudge@morrisonkleeman.com.au

Daniel Brittain

Sales Consultant

0433 066 217

dbrittain@morrisonkleeman.com.au

As a dedicated resident of the Diamond Valley region, David possesses an intimate understanding of the locale that enables him to craft a tailored approach to each property. Showcasing unique features that seamlessly resonate with the market, he maximises results, elevating the overall appeal of each listing. Grounded in principles of integrity, David’s open communication style and genuine desire to comprehend his clients’ property goals distinguish him as a seasoned professional.

DENNIS LANGHAM

Dennis started his career in Real Estate in 2006 after serving his country for 30 years in the Australian Defence Force-Army. High levels of initiative, responsibility, discipline and outcome focus are attributes that guided Dennis’ successful and decorated military career and qualities that his many clients have benefited from in his Real Estate career. His determined attitude and exceptional negotiation skills are matched with a willingness to assist his clients in experiencing a productive real estate transaction.

SOUL SUZUKI

Soul Suzuki

Sales Consultant 0427 120 295 ssuzuki@morrisonkleeman.com.au

Dennis Langham

Licensed Estate Agent / Auctioneer

0419 514 549 dlangham@morrisonkleeman.com.au

Soul is a young and passionate agent who is eager to succeed in the industry. His energetic and positive attitude drives him to provide a great level of service for every client he meets. Soul has a vast knowledge across all realms of the real estate industry, having started his career in our commercial team before transitioning to our residential rentals department as a leasing agent, before reaching his final goal in joining our sales team.

NIKITA BRITTAIN

Nikita, an experienced real estate professional with a decade of dedicated industry involvement, currently holds the position of executive assistant. Originating from Perth, her journey in customer-focused roles commenced immediately after leaving school. Nikita made the bold decision to relocate to Melbourne, transitioning from the skies to the dynamic world of real estate. Since then, she has not only adapted to the challenges but thrived in the industry, showcasing a passion for organisation and unwavering commitment to her clients.

Nikita Brittain

Executive Assistant to Daniel Brittain

0422 215 422

nbrittain@morrisonkleeman.com.au

1

Trust Morrison Kleeman’s Seasoned Team to Navigate Your Property Management Journey

Our exceptional property management team, where expertise meets excellence in every aspect of the real estate spectrum. From the meticulous listing of properties to the seamless leasing process and the proficient management of both residential and commercial spaces, our team is your dedicated partner in maximising the potential of your investments. With a wealth of experience and a deep understanding of the local

area, our professionals navigate the intricate landscape of real estate with finesse. Committed to staying up to date with ever-changing legislation, we ensure your assets are not only in compliance but thriving. What sets us apart is our unwavering commitment to transparent and robust communication. We take pride in fostering strong relationships with Rental Providers and Renters, ensuring a harmonious journey in the world of real estate.

Trust Morrison

Kleeman to elevate your property management experience to new heights.

If you are thinking of leasing your investment property contact our Business Development Manager, Luke Betheras on 0437 644 052 or lbetheras@morrisonkleeman.com.au.

Buffon Peressini

Nick Dinakis

Sash Buncic Pope Morrison

Mcgibbon El Moussalli

Malcolm Perkins Mark Walker Cameron Leibowitz

Emma Costick

Amanda McGibbon

James Park

Shaun O’Rourke

Carla Baglieri

Laura Priddle

Eden Scaife

Sylvia Voelker

Julie Cortese-James

Samantha Kilby

Lucy Brocksopp

Phil Di Battista

Rocco Montanaro

Peter Kleeman

Lucas Peressini Nick Dinakis

Sash Buncic Sam Pope James Morrison Marilyn McGibbon Luke El Moussalli

Malcolm Perkins Mark Walker Kate Cameron Daniel Leibowitz

Sylvia Voelker Julie Cortese-James Eden Scaife

Carla Baglieri Shaun O’Rourke Daniel Brittain David Judge

Dennis Langham Soul Suzuki Nikita Brittain

Samantha Kilby Ben Castles Lucy Brocksopp

Phil Di Battista James Park Amanda McGibbon Emma Costick

Craig Parker Ciaran Brannigan Rocco Montanaro Peter Kleeman Graham Morrison Gayle Blackwood Alvy Buffon