NEWS WINTER 2022
CELEBRATING OVER 3O YEARS OF SERVICE IN THE NORTH EASTERN SUBURBS The outlook for buying, selling and investing in 2022
Winter
Market Report Welcome to Winter 2022! After 11 years, the Reserve Bank of Australia (RBA) has recently announced an increase with the official cash rate by 25 basis points to 0.35 per cent in response to increasing inflation pressures. With this newly announced interest rate increase, the property market has slowed down slightly with property price growth dropping by 0.1 percent from last month. Some predicted in 2020 that there will be a 30 percent property price reduction, however this was not the case and the market proved itself to be resilient and stronger. Economist Cameron Kusher mentions that the market at this point continues to favour sellers compared to buyers, however we are swinging back towards a more balanced market as stock levels have increased.
WELCOME TO THE WINTER EDITION OF THE MORRISON KLEEMAN PROPERTY REPORT.
The key drivers of demand still remain strong, with unemployment levels reaching historic lows and international migration returning.
Suburb
House Median Price
Eltham
$1,290,000
Eltham North
$1,250,000
Diamond Creek
$1,100,000
There has been great news for first home buyers as the government is now allowing the access of superannuation for a home loan alongside stamp duty exemption. From 1st July 2022, the amount of eligible contributions that can count towards your maximum releasable amount across all years will increase from $30,000 to $50,000.
Doreen
$757,000
Greensborough
$1,000,000
Lower Plenty
$1,440,000
Mernda
$697,000
Montmorency
$1,160,000
Watsonia
$975,000
Suburb
Unit Median Price
Eltham
$690,000
If you are thinking of getting into the property market, now is a good time! Melbourne is well known to be one of the most resilient states when it comes to buying, selling, renting and investing.
Eltham North
N/A
Diamond Creek
$745,000
Doreen
$535,000
Greensborough
$690,000
Lower Plenty
$731,000
Mernda
$425,000
Montmorency
$815,000
Watsonia
$758,000
Contact the team at Morrison Kleeman for any real estate advice.
Source: CoreLogic, PropTrack and REIV
Notable Local Writer: Elizabeth Deich
Marketing Coordinator: Laura Priddle
Copyright Morrison Kleeman – Views expressed by contributors in this publication are not necessarily endorsed by Morrison Kleeman. No responsibility is accepted by Morrison Kleeman or the editor for the accuracy of the information contained in the text and/or the advertisements. The information contained within is general in nature only and should not be relied upon. Specific professional advice should be sought if the reader intends to consider the information provided further. No reproduction or transmission is permitted without the prior written permission of Morrison Kleeman. If your property is exclusively listed with another agent, please disregard this communication.
Notable Locals PEOPLE AND PLACES OF NOTE IN THE DIAMOND VALLEY
RAW PAWZ
Y
ou would be forgiven if you thought peanut butter, red velvet and bone broth gummies were made for human consumption. If it wasn’t for waggytail ‘Norman’ sitting front and center on the fun and bold packaging, you may be tempted to dig in yourself. Providing a range of canine superfoods that are packed full of essential vitamins and minerals, and made in Australia from 100% human grade ingredients with absolutely no nasties, Raw Pawz is bringing the health and wellness movement to our four-legged friends. Founders and local sisters Michele (Mish) and Alana Scarce are super passionate about all thing’s health, wellness, and clean eating. Having grown up in the leafy suburbs of Nillumbik, they have their mum to thank for instilling the “importance of home-grown food, cooking from scratch and nothing going to waste” and the effect this has on health, wellness and living your best life. After meeting this delightful duo who are as fun and bold as their product’s packaging, you are left with a definite case of ‘I want what she’s having’.
Knowing the incredible benefits that fresh food and gut health have on our mind and body, the duo looked to adopt the same healthy eating habits and gut health principles with their ever-so-important four-legged family members. “When we began researching, we couldn’t believe the correlation between humans and pets.” Pets following a fresh food diet with a rotation of supporting supplements to ensure the right dose of vitamins and minerals, yields the same benefits as it does for humans; it improves brain energy and mental function, aids overall digestion, improves skin and the shine on coats (hair in the human case), acts as an antiinflammatory, builds strong bones, improves immunity and ultimately increases the quality of overall gut health and wellbeing. Which in dog terms also equates to fewer visits to the vet and “making pooches happy, their owners happy and living a longer and happier life.” With this discovery came the fun of creating formulas with the perfect blend of ingredients that were not only nutritious but so delicious that even the fussiest of pooches would devour. Setting up a full home laboratory in Alana’s hallway closet full of herbs, powders and petri dishes, the pair
created and tested thousands of formulas. Mish’s daughter Adele was assigned as head gummy maker, Alana’s fun loving Groodle Lenny acting as ‘sensory evaluator’ as well as the local dog parks providing the perfect spot for market research. Fast forward 12 months, and the range is made up of the highest quality ingredients that have been sustainably and ethically sourced from all over the world. A nutrition label is included on every pack so you know exactly what’s inside. Offering 4 different gummies, 3 sprinkles, 3 organ powders and the cutest silicon molds, the range is designed for both fresh feeders and kibble fed pooches. “The sprinkles are the perfect option for those who are time poor, and the making of the DIY gummies are a fun activity for the whole family.” Available from major online pet retailers including Petmarket and Habitat, and in store at your local PETstock. Raw Pawz is changing and extending the lives of our precious pooches one gummy, sprinkle and organ powder at a time. Website: www.rawpawz.com.au Instagram: @rawpawz_ Facebook: @RawPawz.Co Email: connect@rawpawz.com.au
Notable Locals PEOPLE AND PLACES OF NOTE IN THE DIAMOND VALLEY
and Reception Centre. “We are so
incredible backing from the Council,
appreciative that the Council have offered
Sponsors, other Rotary Clubs, Montsalvat
us this fabulous venue and we have
and Natasha Hall who is our Masterful
such wonderful sponsors like Morrison
Brand PR community member. More than
I
Kleeman to help make this event more of a
anything I am proud of Rotary Eltham. This
f Victoria is known for its world class
success.”
is a fully run Rotary Club event by Rotarian
art, then Nillumbik Shire is at the
Covering mediums such as painting,
epicentre.
printmaking, photogravure, ceramics, glass
Having the largest artist community in
and sculpture, prizes will be awarded for
Victoria, many of the forefathers of the
standout pieces across 6 categories to be
artworld have either come from or come
judged by an esteemed judge. This show
With plans already in place to make this
to Nillumbik to immerse themselves in
will also feature People’s Choice Awards.
an annual event for the local community
the native bushland and the creative
To further support the artists, each of the
and art buyers, plus a vision to have a
community. This area has provided the
400 pieces of artwork will be for sale.
more collaborated artist presentation in the
perfect backdrop and canvas for creativity
Invitations have been extended to local
future, this event is set to reaffirm Nillumbik
for over 100 years.
dignitaries, gallery directors as well as
on the art world map. “We would love
corporate and art investors. “Being able to
people to walk away with a wow factor
support the artists in this way is incredibly
realising the talented Art History that arose
important.”
from Nillumbik”.
the date in September for their much-
The Art Show commences on the evening
So put the date in the diary and immerse
anticipated inaugural selective Art Show.
of Thursday 1st September at 7pm with
yourself in the Artist Capital of Victoria.
Gaining insight from the most successful
a spectacular Gala Opening. Tickets will be available for purchase via TryBooking.
“We invite every art lover to attend; all are
Rotary Art Shows throughout the state, “the biggest shock from so many has been
“What is so fantastic about the Gala night
why has the Rotary Club of Eltham not
is every person who purchases a ticket
done this before given the fact we are the
has the opportunity to be an art critic
artist capital of Victoria if not Australia,”
and vote for a particular artwork for the
shares Eltham Rotarian Brenda Ibels,
People’s Choice Award, plus all those who
E: admin@elthamartshow.org.au
“I don’t think the area itself realises the
attend have first choice of everything for
(for general enquiries, sponsorship
enormity of the art compilation…it is such
sale.” Light cocktail food and beverages
enquiries and to become a “Friend of
an integral part of the area”.
are to be served alongside the awards,
the Eltham Art Show”)
with Montsalvat’s General Manager, Lyndel
W: elthamartshow.org.au
INAUGURAL ROTARY ELTHAM ART SHOW
Recognising the area as being one of the major historical art regions, the Rotary Club of Eltham has established and set
Showcasing a fully curated selection of over 400 artworks by artists who have an
Wischer invited to open the show.
association with Nillumbik, the exhibition
“I am proud of putting this show on the
will take place at the Eltham Community
road for the artists. We have received
volunteers who support the community in so many ways and I truly believe an Art Show like this could not happen without the Rotary Club.”
welcome!” Dates: Gala Opening; Thursday 1st September, Public Viewing; Friday 2nd – Sunday 4th September
A: Eltham Community and Reception Centre; 801 Main Road Eltham VIC
MK Property Management Recently Leased A SELECTION OF OUR LEASED PROPERTIES
1/286-288 St Helena Road, Greensborough $720 per week
205 Flaxen Hills, Doreen $460 per week
7 Glen Katherine Drive, St Helena $850 per week
6/200 Gordons Road, South Morang $410 per week
18 Tekin Terrace, Doreen $450 per week
1/42 Beaconsfield Road, Briar Hill $435 per week
2 Emerald Court, Greensborough $405 per week
LG02/27 Arthur Street, Eltham $440 per week
4/63 Crookston Road, Reservoir $395 per week
LUKE BETHERAS Business Development Manager 0437 644 052 lbetheras@morrisonkleeman.com.au Luke is a dedicated professional known to provide a friendly and welcoming approach to his valued client base. Luke places a great emphasis on building strong, long term relationships with his investors, landlords and tenants. Luke’s goal is to maximise the return of his client’s investment properties and to provide quality service that is second to none. Exceptional Service is Luke’s forte,
entering the industry in 2011 with experience in all facets of Real-estate including Business Development, Property Management and Sales. Having grown up in the North Eastern suburbs and living locally, Luke has an extensive knowledge of the Whittlesea and Diamond Valley area. In his spare time Luke enjoys playing tennis, keeping active and spending time with friends and family.
If you have an investment property that Luke could assist you to manage, please don’t hesitate to contact him and find out more about the MK Difference today.
Recent Sales A SELECTION OF OUR SOLD PROPERTIES
4 Hazelton Drive, Doreen $815,500
47 Eucalyptus Road, Eltham $1,270,000
2/33 Vermont Parade, Greensborough $702,500
3 Curlew Court, Yallambie $1,257,000
13 Starling Street, Montmorency $1,235,000
15 Haven Lane, Diamond Creek $762,000
16 Tindal Court, Greensborough, $1,320,000
127 Painted Hills, Doreen $568,000
86 Wallaroo Way, Doreen $740,000
2/19 Warwick Road, Greensborough $655,000
2 Ibera Court, Eltham North $1,210,000
10 Everard Street, Diamond Creek $1,200,000
121 Pitt Street, Eltham $1,610,121
7 Jindalee Avenue, Yallambie $1,110,000
135 Thompson Crescent, Research $1,395,000
108/27-29 Arthur Street, Eltham $1,080,000
Craig Parker
Ciaran Brannigan
Rocco Montanaro
Peter Kleeman
Graham Morrison
Gayle Blackwood
Alvy Buffon
Lucas Peressini
Nick Dinakis
Sash Buncic
Sam Pope
James Morrison
James Bird
Luke El Moussalli
Malcolm Perkins
Mark Walker
Kate Cameron
Scott Hardiman
Rhys Burke
Marilyn McGibbon
Sylvia Voelker
Julie Cortese-James
Samantha Kilby
Lucy Brocksopp
Phil Di Battista
Joanne Fitzmaurice
Amanda McGibbon
Luke Betheras
Laura Priddle
Claire Gorst
Town Square, 20 Commercial Place ELTHAM VIC 3095 Phone 9431 2444 Fax 9431 2650
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