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Market Report Q 3 2011


Local Property Market 1st July - 30th September 2011 �Property Provides Solid Returns� Enzo Raimondo CEO REIV Hello and welcome to the Bells Real Estate quarterly update. Recent falls in the stock market, both here and overseas, are a timely reminder about the benefits of a diversified investment portfolio which includes property. The last 20 years have shown that investment in Melbourne property has provided better returns than the stock market, a factor that will provide further comfort to property investors. A recent study by Dr Ashton de Silva and Professor Gavin Wood published by RMIT University showed that, in addition to satisfying the basic need of accommodation, housing was also a very solid long-term investment. Their study compared the typical rates of appreciation across 108 different segments and 500,000 sales between 1990 and 2010. This period of time includes the 1991 recession, Asian Financial Crisis, the 2001 recession and the recent Global Financial Crisis. The outcome was compared to that gained from a balanced portfolio of Australian shares as measured by movements in the Australian All Ordinaries Index over the same time. The study showed that the quarter-on-quarter percentage increases for property was 1.6 per cent compared to 1.3 per cent for shares. Not only were the returns greater but they were subjected to less volatility. The study also found that in over 80 per cent of the market segments reviewed, there was very little or no correlation between the share market and returns from the residential property market. This means that broadening an investment portfolio to include property is likely to provide not only stability to the outcomes but can also help to counter balance significant shifts in the stock market.

Kind Regards,

Stella Ky"ak#

Direct 03 9300 9009 Mobile 0418 396 207 stella@bellsrealestate.com.au Bells Real Estate 14 Devonshire Road Sunshine VIC 3020

Tom Ky"ak#

Direct 03 9300 9008 Mobile 0418 322 448 tom@bellsrealestate.com.au T 03 9300 9000 E sales@bellsrealestate.com.au


Market Analysis - Ardeer July - September 2011 Houses

Units

8

2

What is the highest sale price in Ardeer in the quarter?

$400,000

$335,000

What is the lowest sale price in Ardeer in the quarter?

$280,000

$266,000

What is the median price in Ardeer in the quarter?

$350,000

$300,500

$2,794,500

$601,000

How many properties have been sold in Ardeer during the last quarter?

What is the total value of properties sold in the quarter?

Houses Number

Name

Sale date

Land

Price

49

Chelsey

57

Maxweld

St

26/9/2011

400

$280,000.00

St

20/9/2011

603

$325,000.00

137 53

Suspension

St

20/9/2011

603

$370,000.00

Holt

St

19/9/2011

697

$355,000.00

45

Chelsey

St

6/8/2011

697

$342,000.00

220

Forest

St

6/7/2011

600

$400,000.00

55

Chelsey

St

5/7/2011

697

$377,500.00

11

Chatsworth

Av

4/7/2011

550

$345,000.00

Sale date

Land

Price

Units/Flats Number

Name

27

Yallourn

St

24/8/2011

15C

Rockbank

Rd

11/08/2011

$266,000.00 258

$335,000.00

Market Trend - Ardeer $400,000 $380,000 $360,000 $340,000 $320,000 $300,000 $280,000 $260,000 $240,000 $220,000

137 Suspension Street Sold $370,000

Sep 2011

Jun 2011

Mar 2011

Dec 2010

Sep 2010

Jun 2010

49 Chelsey Street Sold $280,000

Mar 2010

Dec 2009

Sep 2009

Jun 2009

Mar 2009

Dec 2008

Sept 2008

15C Rockbank Road Sold $335,000

Jun 2008

Mar 2008

Dec 2007

Sep 2007

Jun 2007

Mar 2007

Dec 2006

53 Holt Street Sold $355,000

Sept 2006

Jun 2006

Mar 2006

$200,000


Market Analysis - Braybrook July - September 2011 Houses

Units

8

4

What is the highest sale price in Braybrook in the quarter?

$710,000

$432,500

What is the lowest sale price in Braybrook in the quarter?

$420,000

$313,000

What is the median price in Braybrook in the quarter?

$475,000

$370,000

$4,016,000

$1,515,500

How many properties have been sold in Braybrook during the last quarter?

What is the total value of properties sold in the quarter?

Houses Number

Name

Sale date

Land

Price

95

Darnley

St

10/9/2011

588

$470,000.00

7

Lawton

St

27/8/2011

442

$420,000.00

37

Joy

St

27/8/2011

598

$710,000.00

17

McLennan

St

15/8/2011

650

$515,000.00

17

Myamin

St

12/8/2011

645

$451,000.00

81

Darnley

St

30/7/2011

600

$500,000.00

29

Castley

Cr

9/7/2011

637

$480,000.00

20

Turner

Cr

8/7/2011

$470,000.00

Units/Flats Number

Name

1

Treloar

20

Hargreaves

3

23

1

8

2

Sale date

Land

Price

Ct

09/03/2011

285

$400,000.00

Cr

09/01/2011

255

$370,000.00

Carlton

St

14/09/2011

290

$432,500.00

Dedrick

Gr

27/07/2011

450

$313,000.00


Market Trend - Braybrook $600,000

$560,000

$520,000

$480,000

$440,000

$400,000

$360,000

$320,000

$280,000

$240,000

Sep 2011

Jun 2011

Mar 2011

Dec 2010

Sep 2010

Jun 2010

Mar 2010

Dec 2009

Sep 2009

$200,000

17 McLennan Street Sold $515,000

81 Darnley Street Sold $500,000

29 Castley Crescent Sold $480,000

20 Turner Crescent Sold $470,000

37 Joy Street Sold $710,000

7 Lawton Street Sold $420,000

95 Darnley Street Sold $470,000

20 Hargraves Crescent Sold $370,000


Market Analysis - Sunshine July - September 2011 Houses

Units

31

8

What is the highest sale price in Sunshine in the quarter?

$583,000

$545,000

What is the lowest sale price in Sunshine in the quarter?

$293,000

$209,000

What is the median price in Sunshine in the quarter?

$430,000

$273,500

$13,126,000

$1,846,000

How many properties have been sold in Sunshine during the last quarter?

What is the total value of properties sold in the quarter?

Houses Number

Name

Sale date

Land

Price

48

Derrimut

St

27/09/2011

697

$486,000.00

17

McIntosh

St

19/09/2011

585

$380,000.00

10

Hampshire

Rd

17/09/2011

551

$420,000.00

7

Yewers

St

15/09/2011

280

$293,000.00

10

Brislington

St

05/09/2011

186

$450,000.00

65

Fraser

St

05/09/2011

760

$397,500.00

27

Lowe

Cr

03/09/2011

470

$470,000.00

3

Barclay

St

30/08/2011

450

$315,000.00

7

Couch

St

29/08/2011

460

$443,000.00

72

Adelaide

St

28/08/2011

530

$405,000.00

10

Victoria

St

27/08/2011

471

$583,000.00

82

Couch

St

23/08/2011

30

Norwood

St

22/08/2011

643

$450,000.00

16

Wyalong

St

22/08/2011

300

$330,000.00

59

Chapman

St

18/08/2011

437

$360,000.00

36

Bardsley

St

16/08/2011

604

10

Freeman

St

15/08/2011

530

$420,000.00

2

Tyler

St

13/08/2011

545

$550,000.00

14

Andrew

St

02/08/2011

460

$500,000.00

11

Jessie

St

30/07/2011

580

$540,000.00

44

Sydney

St

25/07/2011

697

$500,000.00

9

Walter

St

23/07/2011

650

$542,000.00

28

Dulcie

St

22/07/2011

605

$390,000.00

30

Dulcie

St

07/06/2011

605

$425,000.00

3

Ernest

St

16/07/2011

697

$475,000.00

5

Cannon

St

16/07/2011

462

$359,000.00

60

Couch

St

15/07/2011

435

$430,000.00

7

McLean

St

07/07/2011

675

$505,000.00

24

Selwyn

St

06/07/2011

665

$405,000.00

1

Kamarooka

St

02/07/2011

835

$455,000.00

25

McIntosh

St

09/10/2011

585

$387,500.00

Sale date

Land

$460,000.00

Units/Flats Number

Name

4

12

Forrest

St

26/09/2011

$209,000.00

Price

8

115

Devonshire

Rd

10/09/2011

$275,000.00

15

7

Pengelly

Ct

08/08/2011

$205,000.00

1

7

Una

St

01/08/2011

$340,000.00

1

21

Norma

St

18/07/2011

$545,000.00

2

133

Wright

St

04/07/2011

$272,000.00

6

20

Talmage

St

20/09/2011

23

36

Ridley

St

09/08/2011


Market Trend - Sunshine $500,000

$470,000

$440,000

$410,000

$380,000

$350,000

$320,000

$290,000

$260,000

$230,000

Sep 2011

Jun 2011

Mar 2011

Dec 2010

Sep 2010

Jun 2010

Mar 2010

Dec 2009

Sep 2009

Jun 2009

Mar 2009

Dec 2008

Sept 2008

Jun 2008

Mar 2008

Dec 2007

Sep 2007

Jun 2007

Mar 2007

Dec 2006

Sept 2006

Jun 2006

Mar 2006

$200,000

10 Hampshire Road Sold $420,000

2 Tyler Street Sold $550,000

65 Fraser Street Sold $397,500

8/115 Devonshire Road Sold $275,000

28 Dulcie Street Sold $390,000

30 Dulcie Street Sold $425,000

82 Couch Street Sold $460,000

10 Victoria Street Sold $583,000


Market Analysis - Sunshine North July - September 2011 Houses

Units

26

0

What is the highest sale price in Sunshine North in the quarter?

$755,000

$0

What is the lowest sale price in Sunshine North in the quarter?

$160,000

$0

What is the median price in Sunshine North in the quarter?

$431,000

$0

$10,839,000

$0

How many properties have been sold in Sunshine North during the last quarter?

What is the total value of properties sold in the quarter?

Houses Number

Name

Sale date

Land

Price

50

Clayton

St

27/09/2011

588

$400,000.00

20

Roussic

Ct

21/09/2011

543

$340,000.00

35

Lodden

St

17/09/2011

580

$370,000.00

17

Cranbourne

Av

03/09/2011

29

Somerset

Dr

30/08/2011

18

Urana

Av

27/08/2011

117

Northumberland

Rd

20/08/2011

662

$445,000.00

121

Warwick

Rd

12/08/2011

616

$422,000.00

32

Nottingham

St

12/08/2011

28

Balcombe

St

08/08/2011

610

$530,000.00

11

Fawkner

St

06/08/2011

669

$483,000.00

8

Busch

St

06/08/2011

524

$385,000.00

7

Troon

Cr

06/08/2011

496

$755,000.00

30

St Andrews

Dr

04/08/2011

2

Laurie

Av

02/08/2011

580

$380,000.00

9

Fawkner

St

30/07/2011

620

$440,000.00

126

Warwick

Rd

30/07/2011

580

$462,500.00

77

Northumberland

Rd

25/07/2011

603

$475,000.00

4

Victor

St

19/07/2011

640

$482,500.00

7

Mills

St

16/07/2011

600

$522,000.00

73

Westmoreland

Rd

09/07/2011

2

Mills

St

08/07/2011

385

$369,000.00

3

Tania

St

04/07/2011

540

$411,000.00

85

Camperdown

Ave

30/09/2011

697

$380,000.00

39

Metherall

St

21/09/2011

655

$365,000.00

12

Buckley

Av

11/07/2011

Land

Price

$339,000.00 500

$432,000.00 $160,000.00

$507,000.00

$553,000.00

$431,000.00

Units/Flats Number

Name

Sale date


Market Trend - Sunshine North $500,000

$470,000

$440,000

$410,000

$380,000

$350,000

$320,000

$290,000

$260,000

$230,000

Sep 2011

Jun 2011

Mar 2011

Dec 2010

Sep 2010

Jun 2010

121 Warwick Road Sold $422,000

Mar 2010

Dec 2009

Sep 2009

Jun 2009

Mar 2009

Dec 2008

117 Northumberland Road Sold $445,000

Sept 2008

Jun 2008

Mar 2008

Dec 2007

Sep 2007

Jun 2007

Mar 2007

7 Troon Crescent Sold $755,000

Dec 2006

Sept 2006

Jun 2006

Mar 2006

$200,000

30 St Andrews Drive Sold $553,000


Market Analysis - Sunshine West July - September 2011 Houses

Units

23

5

What is the highest sale price in Sunshine West in the quarter?

$620,000

$360,000

What is the lowest sale price in Sunshine West in the quarter?

$310,000

$275,000

What is the median price in Sunshine West in the quarter?

$357,500

$320,500

$8,831,500

$1,617,000

How many properties have been sold in Sunshine West during the last quarter?

What is the total value of properties sold in the quarter?

Houses Number

Name

Sale date

Land

Price

11

Callaway

Blvd

21/09/2011

29

Morrison

Cr

19/09/2011

611

$420,000.00 $309,000.00

19

Daley

St

14/09/2011

697

$430,000.00

105

Allison

St

13/09/2011

697

$380,000.00

111

Glengala

Rd

12/09/2011

650

$440,000.00

50

Bardsley

St

10/09/2011

603

$383,000.00

19

Federation

Way

23/08/2011

440

$315,000.00

68

Sanders

Av

22/08/2011

4

Bickley

Ct

10/08/2011

621

$340,000.00

8

Mudford

St

08/08/2011

560

$372,000.00

58

Fremont

Pde

04/08/2011

590

$349,000.00

3

Hilma

St

02/08/2011

660

$345,000.00

10

Bennett

St

28/07/2011

20

Estelle

St

27/07/2011

690

$420,000.00

45

Lachlan

Rd

26/07/2011

550

$393,500.00

91

Fairbairn

Rd

18/07/2011

575

$325,000.00

4

Veronica

Pl

16/07/2011

630

$620,000.00

8

Clematis

St

16/07/2011

561

$415,000.00

6

Howitt

Cr

12/07/2011

620

$335,000.00

107

Allison

St

11/07/2011

697

$365,000.00

5

Dean

Ct

09/07/2011

690

$300,000.00

6

Dresden

Way

07/07/2011

321

$350,000.00

11

Felstead

Ave

28/09/2011

585

$330,000.00

$585,000.00

$310,000.00

Units/Flats Number

Name

Sale date

Land

Price

1

8

Bickley

Ct

29/08/11

240

$275,000.00

1

20

Murray

St

29/08/11

386

$360,000.00

1

31

Joan

St

18/07/11

341

$341,000.00

1

13

Hall

St

16/09/11

327

$320,000.00

207a

David

Dr

11/07/11

$321,000.00


Market Trend - Sunshine West $500,000

$470,000

$440,000

$410,000

$380,000

$350,000

$320,000

$290,000

$260,000

$230,000

19 Daley Street Sold $430,000

Sep 2011

Jun 2011

Mar 2011

Dec 2010

Sep 2010

Jun 2010

8 Clematis Place Sold $415,000

Mar 2010

Dec 2009

Sep 2009

Jun 2009

Mar 2009

Dec 2008

11 Callaway Boulevard Sold $420,000

Sept 2008

Jun 2008

Mar 2008

Dec 2007

Sep 2007

Jun 2007

Mar 2007

4 Veronica Court Sold $620,000

Dec 2006

Sept 2006

Jun 2006

Mar 2006

$200,000


The customer is always right‌

To the Manager,

We the Folino Family would like to thank you for the professional manner in which you handled the Sale of our house. At all times we found your staff extremely helpful, courteous and striving to do the very best for us. We would especially like to thank Tom & Stella. Tom for his wealth of knowledge, amazing negotiating skills and the exceptional result when selling our home. Stella for her professionalism, warmth, vitality and never ending energy in her effort to sell our home. This great combination was certainly the force behind our successful sale! And we would definitely recommend your company to anyone wishing to sell their property.

Many thanks and best wishes The Folino Family Selwyn Street Sunshine

Bells Real Estate 14 Devonshire Road Sunshine VIC 3020

T 03 9300 9000 E sales@bellsrealestate.com.au

The information contained herein is to be used as a guide only. Although every care has been taken in the preparation of the information, we stress that particulars herein are for information only and do not constitute representations by the Owners or Agent. Sales data is provided as a guide to market activity. All sales data is collated from PDOL. The Median price of each suburb has been calculated from all available data within the noted period. Any sales data without a price has been excluded from the median price calculation.


Bells Real Estate